Buyout Shops Mine for Coal

Sargent, Carolyn
January 2005
Investment Dealers' Digest;1/17/2005, Vol. 71 Issue 2, p9
Trade Publication
The article focuses on the increasing demand of coal in the energy sector and interest of investors in assets of the companies in the field of energy sector. Buyout firms First Reserve Corp., the Blackstone Group, Kohlberg Kravis Roberts and Co., and ArcLight Capital Partners LLC have already purchased coal assets. Until recently, lenders were leery of the industry's labor, customer instability, environmental and legacy issues. But now, coal has already proved it can be wildly profitable. In addition to a number of family-owned coal companies, private equity firms are focusing on small coal startups formed by former professional miners as well as the subsidiaries of larger companies.


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