Kosmos has considerable financial capital to pursue oil and gas ventures in West Africa. Two of the world’s largest, most highly regarded private equity firms, Warburg Pincus and Blackstone Capital Partners (an affiliate of The Blackstone Group), provide Kosmos with substantial monetary resources. The company is the largest private equity-backed oil and gas investment in Africa. Warburg and Blackstone collectively manage in excess of $100 billion with major investments in more than 100 private and public companies around the globe.
In addition, Kosmos’ management and staff have a meaningful investment in the company. The company’s talented, energetic team takes pride in their ownership, are empowered to assume affordable risk and are accountable for realizing the company’s business strategy.
About Warburg Pincus
Warburg Pincus has been a leading private equity investor since 1971. The firm currently has more than $20 billion of assets under management with more than $10 billion available for investment.
Warburg Pincus invests in a range of sectors including energy, financial services, consumer and retail, industrial, business services, healthcare, real estate, technology, media and telecommunications. The company has raised 12 private equity investment funds, which have invested approximately $30 billion in about 585 companies in 30 countries. Since the late 1980s, the firm has invested more than $2.5 billion in more than 30 companies in the energy sector, including investments in oil and gas exploration and production, power, alternative energy and oil field services.
Warburg Pincus has been the lead founding investor in several successful public and private energy companies, including Newfield Exploration Co. (NYSE: NFX), Spinnaker Exploration, Inc. (NYSE: SKE, since acquired by Norsk Hydro ASA), Encore Acquisition Company (NYSE: EAC), Bill Barrett Corp. (NYSE: BBG), Targa Resources Partners LP (NASDAQ: NGLS), MEG Energy Corp. and Antero Resources Corp.
For more information, please visit www.warburgpincus.com.
About The Blackstone Group
The Blackstone Group (NYSE: BX), one of the world’s foremost global alternative asset managers and providers of financial advisory services, has total assets under management of approximately $113.5 billion.
Blackstone is a leader in private equity investing, having managed five general private equity funds since establishing this business line in 1987. The firm has invested or committed more than $29.5 billion of equity in 126 transactions. Blackstone Capital Partners V, the company’s current investment fund, is the globe’s largest corporate private equity fund with committed capital of nearly $22 billion.
Blackstone’s sizable scale and focus on long-term value creation give the firm the flexibility and desire to commit to necessary additional cash equity that supports future capital investments. The company’s worldwide private equity business includes leveraged buyout acquisitions of seasoned companies, transactions involving start-up businesses in established industries, turnarounds, minority investments, corporate partnerships and industry consolidations.
In addition to corporate private equity funds, Blackstone’s alternative asset management businesses also include real estate funds, hedge funds, mezzanine funds, senior debt vehicles and closed-end mutual funds. The company also provides financial advisory services, including corporate mergers and acquisitions advisory, restructuring and reorganization advisory, and fund placement.
For more information, please visit www.blackstone.com.