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New Deal


Announced

JP Morgan acquired a 43% stake in North Sea Midstream Partners from Wren House.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For43%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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United Kingdom

oil and gas

Minority

Private

Acquisition

Integrated Oil and Gas

Private Equity

Synopsis

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JP Morgan acquired a 43% stake in North Sea Midstream Partners, the largest independent North Sea midstream business, from Wren House, a principal investment firm specializing in infrastructure investments. Financial terms were not disclosed. Matt LeBlanc, Managing Director, J.P. Morgan Asset Management said: “We are delighted to partner with long-term investor Wren House and the world class NSMP management team during the next phase of the company’s growth. As the owner and operator of critical U.K. infrastructure, NSMP is a terrific addition to the overall global infrastructure investment portfolio which delivers sustainable, risk-adjusted returns to our investors, which comprise over 25 million family pension schemes, of which over 10 million are in the U.K”

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