Announced
Completed
Financials
Tags
Acquisition
Domestic
Completed
transmission services
gas storage
Gas Distribution
Latvia
Private
Single Bidder
Private Equity
Friendly
Minority
Synopsis
MM Capital Partners, formed by Marubeni, Mizuho Bank, and Asset Management One to operate and manage funds specialising in equity investments in overseas infrastructure assets, completed the acquisition of 29.06% stake in Conexus Baltic Grid, a Latvia's unified natural gas transmission and storage operator, from Marguerite Fund, a pan-European equity fund. Financial terms were not disclosed. MMCIF intends to utilise Marubeni’s knowledge and expertise from existing investments in order to contribute to the successful operation of CBG. MM Capital Partners can also offer to support CBG in procuring a long-term financing by leveraging its relationship with Japanese financial institutions.
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