Alinda Capital, an investment firm specializing in infrastructure investments, acquired a 49% stake in Maurepas Pipeline from SemGroup Corporation, which transports oil, natural gas and other products across North America through a network of pipelines, for $350m. “We are pleased with the opportunity to partner with Alinda on this high-value transaction and make a significant stride forward in achieving our leverage goals,” said SemGroup President and CEO Carlin Conner. “The valuation multiple provides SemGroup with an attractive cost of capital and the financial flexibility to pay down debt and de-lever our balance sheet while also reinvesting those funds in high-return areas surrounding our footprint. The favorable terms of the transaction provide the option to buy back Alinda’s interest in Maurepas, which is an extremely stable asset supported by long-term contracts with Gulf Coast refineries.”