A Goldman Sachs GroupInc. fund has agreed to buy a piece of Riverstone HoldingsLLC, one of the world’s largest energy investment firms. Goldman agreed to pay about $500 million for a roughly 12% stake in New York-based Riverstone, according to people familiar with the matter. The deal would value Riverstone at more than $4 billion and give the Goldman fund a proportional cut of the firm’s management fees and profits. The deal...

Source: Wall Street Journal May 04, 2017 17:36 UTC