Targa Resources Corp. to Acquire Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn; Provides Updated 2022 Standalone Financial Outlook
Targas standalone 2022 financial and operational outlook has continued to improve given the strength of commodity markets and producer activity levels.
- Targas standalone 2022 financial and operational outlook has continued to improve given the strength of commodity markets and producer activity levels.
- We congratulate Mike Latchem and the entire Lucid team on todays milestone, said Baran Tekkora, a Partner at Riverstone and Co-Head of Private Equity.
- Lucid is supported by growth capital commitments from a joint venture formed by Riverstone Global Energy and Power Fund VI, L.P., an investment fund managed by Riverstone Holdings LLC, and investment funds managed by Goldman Sachs Asset Management.
- Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance.