Global alternative asset manager The Carlyle Group (NASDAQ: CG) has announced that it has added significant capability to its growing global natural resources investment platform. As noted in the company press release, below, Carlyle has acquired a 47.5 percent revenue interest in NGP Energy Capital Management, an Irving, TX-based energy investor with $12.1 billion in assets under management. Carlyle will pay, at closing, $424 million to acquire Barclays Natural Resource Investments’ 40 percent stake and 7.5 percent from NGP’s management.
Latham & Watkins LLP is advising The Carlyle Group with a corporate team led by Washington, D.C. mergers and acquisitions partner David Dantzic. Dantzic led the overall transaction and the transaction with NGP. Advice was also provided by Washington, D.C. partner Barton Clark on investment management regulatory matters; San Diego partner Nadia Sager on fund formation; Washington, D.C. partner Cheryl Coe on tax; and Washington, D.C. partner Nicholas Luongo on M&A related to the transaction with Barclays.