Private Equity
Nine Energy Service Inc, an oilfield services company, has sold its production solutions segment to Brigade Energy Services LLC for about $17 million in cash. The deal closed on August 30, 2019. Brigade is a portfolio company of Turnbridge Capital.
3 min read · 03 September 2019
Wing Resources IV LLC said Aug. 28 that it raised $100 million in commitments from NGP. Wing IV is a Permian Basin focused mineral and royalty acquisition company.
2 min read · 29 August 2019
Blackstone Infrastructure Partners offered to buy the shares of Tallgrass Energy LP that it doesn’t already own for $19.50 a share, according to an Aug. 27 letter. The non-binding proposal values Tallgrass at $5.5 billion, Bloomberg said. The proposal comes months since Blackstone acquired a controlling stake in Tallgrass for $3.3 billion. Tallgrass, of Leawood, Kansas, is a midstream energy infrastructure company operating across 11 states.
7 min read · 28 August 2019
Capital Dynamics' European clean energy infrastructure business has agreed to acquire four operating wind projects in Northern Ireland from Brookfield Renewable Partners. No financial terms were disclosed.
3 min read · 20 August 2019
Ares Management Corporation has made an investment in Heelstone Energy, a utility-scale solar developer. No financial terms were disclosed. In conjunction with the investment, Heelstone Energy has rebranded to Heelstone Renewable Energy LLC. Marathon Capital LLC provided financial advice to Heelstone Energy on the transaction.
2 min read · 19 August 2019
Exxon Mobil is considering selling assets in the British North Sea and has held talks with a number of North Sea operators in recent weeks to gauge interest, Reuters reported. The assets could fetch up to $2 billion, the story said.
1 min read · 14 August 2019
Council Capital said Aug. 13 that it sold its stake in EspriGas to an entity affiliated with Kaltroco. Financial terms weren’t announced. EspriGas, of Atlanta, is a medical and industrial gas company that uses a network business model to manage the gas supply chain.
4 min read · 13 August 2019
Grupo Energía Bogotá has acquired Electro Dunas Cayman Holdings from Blue Water Advisors. No financial terms were disclosed. Based in Peru, Electro Dunas provides distributed generation solutions as well as construction, operation and maintenance services for power infrastructure and equipment.
3 min read · 12 August 2019
Qatar Investment Authority has acquired a "significant" stake in Oryx, a midstream crude operator in the Permian Basin, from Stonepeak Infrastructure Partners. QIA's investment is about $550 million. White & Case LLP served as legal adviser to QIA on the transaction while Sidley Austin LLP did likewise for Stonepeak.
4 min read · 07 August 2019
Air Products said Aug. 5 that it acquired General Electric Co’s gasification business from GE Power. Financial terms weren’t announced. The gasification business acquired by Air Products includes GE's share of its 50/50 joint venture with China Shenhua Coal to Liquid and Chemical Company Ltd.
2 min read · 05 August 2019
