{"id":438,"date":"2012-02-01T14:34:26","date_gmt":"2012-02-01T14:34:26","guid":{"rendered":"https:\/\/dev.pixflex.com\/eig2\/?p=438"},"modified":"2020-08-01T14:35:22","modified_gmt":"2020-08-01T14:35:22","slug":"eig-global-energy-partners-announces-sale-of-minority-interest-to-cic","status":"publish","type":"post","link":"https:\/\/dev.pixflex.com\/eig2\/eig-global-energy-partners-announces-sale-of-minority-interest-to-cic\/","title":{"rendered":"EIG Global Energy Partners Announces Sale of Minority Interest to CIC"},"content":{"rendered":"
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WASHINGTON, D.C. \u2013 February 1, 2012 \u2013 EIG Global Energy Partners (EIG) today announced a definitive agreement in which EIG and the China Investment Corporation (CIC) have entered into a transaction for a purchase of a stake in EIG. The minority investment includes no associated voting rights and is subject to certain protective rights. CIC is also an investor in EIG-managed funds.<\/p>\n

R. Blair Thomas, Chief Executive Officer of EIG said, “CIC is one of the premier investors in the world and we are honored to have them as long-term partners as we continue to grow our firm. As a niche asset management firm that only invests in energy, resources and related infrastructure, we believe that this relationship will provide valuable insight into the demand side of the global energy equation that will benefit all of our investors. Long-term market fundamentals in energy are robust and we believe that this transaction will further enhance our position as a leader going-forward.”<\/p>\n

EIG is a leading institutional investor to the global energy sector with $9.5 billion under management as of November 30, 2011. EIG specializes in private investments in energy, resources and related infrastructure and was formerly the Energy & Infrastructure Group of Trust Company of the West. During its 30-year history, EIG has invested over $13 billion in the sector through more than 260 projects or companies in 33 countries on 6 continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, DC, with offices in Houston, London, Sydney and Hong Kong.<\/p>\n

Goldman Sachs advised EIG on the transaction. Financial terms were not disclosed.<\/p>\n

For more information, visit www.eigpartners.com<\/a> or contact Katherine Klein at APCO Worldwide at 202-478-3714 or\u00a0kklein@apcoworldwide.com<\/a>.\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON, D.C. \u2013 February 1, 2012 \u2013 EIG Global Energy Partners (EIG) today announced a definitive agreement in which EIG and the China Investment Corporation (CIC) have entered into a transaction for a purchase of a stake in EIG. The minority investment includes no associated voting rights and is subject to certain protective rights. CIC is also an investor in EIG-managed funds.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-438","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nEIG Global Energy Partners Announces Sale of Minority Interest to CIC - EIG Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.pixflex.com\/eig2\/eig-global-energy-partners-announces-sale-of-minority-interest-to-cic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIG Global Energy Partners Announces Sale of Minority Interest to CIC - EIG Partners\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON, D.C. \u2013 February 1, 2012 \u2013 EIG Global Energy Partners (EIG) today announced a definitive agreement in which EIG and the China Investment Corporation (CIC) have entered into a transaction for a purchase of a stake in EIG. 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