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Riverstone Holdings LLC has named former BP plc chief executive and Apax Partners Worldwide LLP chairman John Browne as a managing director and managing partner of Riverstone Europe. Brown will be based in the energy- and power-focused private equity firm’s new London office. He has served on Apax’s advisory board since 1999 and as chairman since September 2006. He steps down effective Sept. 1.
The news prompted Deal Journal to highlight the so-called secretive nature of Riverstone, saying:
The post goes on to explain how obscure the firm is by simply showing how few stories about founder David Leuschen are in the Factiva archives when compared to stories about Blackstone Group LP's Steve Schwarzman and Carlyle Group's David Rubenstein. However, longtime readers of The Deal should be relatively familiar with the firm because there are over 110 references to Riverstone in TheDeal.com archives and eight specifically about Leuschen compared to Factiva's 41 references — some of which may be stories from The Deal. Of course, it's not unusual for secretive firms to offer details about deals likes its participation in 2006's $22 billion acquisition of Kinder Morgan Inc. However, would a secretive firm offer an interview with a recent hire? No, Dealscape hasn't spoken with Browne, but in March, The Deal's Amy Wu interviewed Riverstone's John Moon shortly after he joined the firm. —Matthew Wurtzel with contribution from Carolyn Murphy See post from WSJ.com's Deal Journal Tags: private+equity, deals, private-equity Categories![]()
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