LONDON: Riverstone Energy Limited (REL), a publicly traded energy investment company, announced Monday that it has reached an agreement in principle with its investment manager, RIGL Holdings LP, to initiate a managed wind-down of its remaining investment portfolio. The proposed wind-down, which requires shareholder approval, would involve the orderly liquidation of REL’s assets and the…
LONDON, UK: Riverstone Energy Limited (REL) led investment in Infinitum Electric, creator of the breakthrough air-core motor. Infinitum Electric will use the investment to vertically integrate and automate production of its motors for the commercial and industrial market segments, and complete development and commercialisation of a traction motor for the rapidly growing electric vehicle market….
LONDON, UK: Riverstone Energy Limited (REL) has purchased an interest in one of Samsung Ventures’ battery technology focused venture capital portfolios for $30 million. The remaining interest was purchased by Riverstone affiliates for $3.0 million. The Samsung Portfolio consists of seven unrealised investments with the majority of value deriving from over 1.66 million shares of…
LONDON: Riverstone International Limited, the Manager of Riverstone Energy Limited (REL), has agreed to wind down its investment in Aleph Midstream through a sale to Vista Oil and Gas, S.A.B. de CV. REL is expected to receive $23.5 million in proceeds through a return of its invested capital at a 1.0x Gross MOIC. The transaction…