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Announced

Completed

Wren House acquired North Sea Midstream Partners from ArcLight.

Financials

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Transaction Value£1,300m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

oil and gas

United Kingdom

Acquisition

Friendly

Completed

Private Equity

Private

Single Bidder

Synopsis

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Wren House, the London-based global infrastructure investor, acquired North Sea Midstream Partners, the largest independent midstream infrastructure business serving both the UK and Norwegian sectors of the North Sea, from ArcLight, a private equity firm. Dan Revers, the Founder and Managing Partner of ArcLight said: “NSMP was the first platform to bring the independent midstream model developed in the US to the UK North Sea. We are incredibly proud of leading the charge in what is now a well-established part of the North Sea’s energy infrastructure. NSMP’s management have been a great partner to ArcLight over the six years we worked together. We congratulate Andy Heppel and his team on their tremendous accomplishments and wish them continued success with Wren House.”

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