ECP related stories
All articles and analysis
Friday Letter: African promiseCarlyle Group co-founder David Rubenstein made headlines last year for suggesting Africa was poised to become the next private equity hotspot
Santa Barbara plans up to $70 mln for PE in 2015Santa Barbara County Employees’ Retirement System approved an investment plan that calls for $50 million to $70 million of new commitments across six to eight funds in 2015, Investment Officer Eli Martinez said in an email.
Sponsors eye distressed assets as oil price drop deepensPrivate equity firms have stepped up deal talk around capital infusions and asset purchases in the energy sector as oil prices continue to drop. But merger announcements and initial public offerings remain off the table for now as buyout pros wait out disruption caused by the lowest crude levels since the wake of the 2008 financial crisis.
Santa Barbara commits $50 mln to energy, buyoutsThe Santa Barbara County Employees’ Retirement System allocated $50 million across six private equity and venture capital funds in 2014, with a final commitment to an undisclosed fund “in the final stages of the diligence process,” according to a Hamilton Lane report the retirement system sent to Buyouts.
Clash of the Titans: Energy investors charge the marketAfter plowing tens of billions of dollars into the energy sector, private equity firms have seen oil prices hit their lowest level since 2010. Time to panic? Hardly. The long-term prospects of energy investments outweigh the short-term risks, PE pros say.
- Energy Capital Partners, GE Energy unit invest $210 mln in Southcross Holdings
Energy Capital Partners Mezzanine Opportunities Fund and GE Energy Financial Services have provided $210 million in preferred equity in Southcross Holdings, which owns Southcross Energy Partners GP. The investment will support Southcross Holdings' expanding operating presence in the Eagle Ford region.
- First Reserve quietly closes Fund XIII well below target
The market has spoken, and First Reserve has a much smaller fund.
- New Energy Capital Partners hires Patrick Fox
New Energy Capital Partners has hired Patrick Fox as partner in the New Hanover, New Hampshire office. Most recently, Fox worked as director with Hannon Armstrong Capital, a subsidiary of Hannon Armstrong Sustainable Infrastructure Capital. Fox led and participated in the successful closing of more than $250 million of solar, wind and energy efficiency fundings.
- LBO Italia to sell Corvette to Recipharm
Recipharm has agreed to acquire Milan-based Corvette Pharmaceutical Services Group from LBO Italia Investment for SEK 1.1 billion (120 million euros). Rothschild is serving as financial advisor to LBO Italia on the deal. The transaction is expected to close on October 1.
ECP to acquire Wheelabrator from Waste Management for $1.94 blnEnergy Capital Partners has agreed to buy Wheelabrator Technologies from Waste Management for $1.94 billion in cash. The transaction, which requires approval from the Federal Energy Regulatory Commission, is expected to be completed later this year.