BlackRock and GIC to acquire Kellas Midstream from Antin.

BlackRock and GIC agreed to acquire Kellas Midstream, which owns and operates key gas infrastructure in the UK Central and Southern North Sea, from Antin Infrastructure Partners, a private equity firm focused on infrastructure investments. Financial terms were not disclosed. “A growing number of institutional investors are seeking exposure to energy and power investments. Within the sector, energy from gas is viewed as a necessary component of the energy transition as we move towards a lower-carbon economy. This investment in Kellas Midstream reflects the focus of GEPIF III on making strong equity investments in mid-market energy and power infrastructure and partnering with outstanding management teams,” Mark Florian, BlackRock Group Head of the Global Energy & Power Infrastructure Funds Team.