Carlyle Invests in NRP Energy Capital

December 20, 2012

On December 20, 2012, The Carlyle Group (NASDAQ:CG) announced that it had acquired a 47.5% revenue interest in NGP Energy Capital Management for $424 million.

On December 20, 2012, global alternative asset manager The Carlyle Group (NASDAQ:CG) announced that it had acquired of a 47.5% revenue interest in NGP Energy Capital Management.  The purchase price for the stake is $424 million, comprised of cash and Carlyle Holdings partnership units, plus additional consideration during 2015-2018, contingent upon the achievement of certain performance benchmarks.  40% of the interest will be acquired from Barclays Natural Resource Investments.  The remaining 7.5% interest will be acquired from NGP’s management.  Additionally, Carlyle has the right to purchase an incremental 7.5% revenue interest, 7.5%  of the carried interest in all future funds, and options to acquire Barclays’ 40% interest in the carried interest in NGP’s current flagship fund and all future funds.  Based in Irving, Texas, NGP is an energy investor with approximately $12.1 billion in assets under management. 

To read the press release, please click here.


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Investment Manager Strategic Investments, Transactions