|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
PRINT THIS PAGE First Reserve Corporation sells Caledonia Oil & Gas to E.on for £470m26/09/2005. Source: AltAssets. 
 Private equity firm First Reserve Corporation has sold North Sea gas production company Caledonia Oil & Gas to E.on for £470m.
William E Macaulay, chairman of First Reserve, said, 'Looking forward for Caledonia, we believe E.on represents a good strategic fit for the company which will allow E.on to substantially expand its access to natural gas reserves that are located predominantly in the UK Southern gas basin.'
First Reserve Corporation specialises in the energy sector and has $4.7bn under management in four active funds.
First Reserve's current investments include Dresser, Dresser-Rand, Power Well Services and Southern Cross. The firm's previous portfolio companies include National Oilwell, Weatherford International and Highland Energy.
Copyright © 2005 AltAssets
|
 
|
|
|
