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Ex-CCMP energy investor Mit Mehta joins Macquarie Group

24 Jun 2013

oil gas_sqEx-CCMP Capital Advisors principal Mit Mehta has reportedly joined infrastructure investor Macquarie Group to head energy deals in the firms merchant banking arm.

Mehta has been hired by the Sydney-headquartered firm as part of an increased push into the lively US energy market according to Dow Jones, which cited a person familiar with the situation.

It said Mehta was focused on energy and industrial deals while at CCMP, and was involved in the firm’s $345m investment in Chaparral Energy.

He joined CCMP in 2007 and left last year.

Interest in the US energy sector has rocketed in the past couple of years alongside the burgeoning shale gas exploration and extraction boom.

Last week Riverstone managed to gather $7.7bn for its fifth global energy and power fund, well ahead of its $6bn target.

A source with knowledge of that fundraise told AltAssets, “I think that energy is a very dynamic industry, there’s a revolution underway driven by the shale oil and gas industry and there is a lot of deal flow.

“The energy sector is an attractive industry for risk-adjusted returns.”

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