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New Deal


Announced

DELAWARE BASIN SUBSIDIARIES / MORGAN STANLEY INFRASTRUCTURE INC. / BRAZOS MIDSTREAM ENERGY / Acquisition / Private / £1241m

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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oil & gas

Integrated Oil and Gas

United States

Private

Acquisition

Pending

Friendly

Single Bidder

Private Equity

Synopsis

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Brazos Midstream Holdings, LLC ("Brazos" or the "Company") and its financial sponsor, Old Ironsides Energy, have announced that they have entered into a definitive agreement to sell its Delaware Basin subsidiary companies to North Haven Infrastructure Partners II ("NHIP II"), an investment fund managed by Morgan Stanley Infrastructure ("MSI"), and related funds for approximately $1.75 billion in cash.

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