.

New Deal

New Deal

Announced

3 Aug 2015

Completed

1 Oct 2015

NET MIDSTREAM LLC / NEXTERA ENERGY INC / MISSION PIPELINE MIDSTREAM INC. / GUTIERREZ VENTURES L.P. / DEARING HOLDINGS L.P. / ARCLIGHT CAPITAL PARTNERS LLC / Private / Acquisition / £1279m

Financials

Transaction Value£1,279m

Consideration Type-

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Net Midstream

Nextera Energy

bidder

Nextera Energy

Arclight Capital Partners

vendor

Arclight Capital Partners

vendor

Dearing Holdings L.p.

vendor

Gutierrez Ventures L.p.

vendor

Mission Pipeline Midstream Inc.

Sources

Tags

natural gas

pipeline

Pipelines

Acquisition

Private

Completed

Friendly

Single Bidder

United States

Private Equity

Synopsis

Sale by ArcLight Capital Partners and its co-founders of NET Midstream, a provider of midstream natural gas transportation services, to NextEra Energy Partners.

Service Providers (1)

Latham & Watkins

legal advisors

Latham & Watkins

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