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New Deal


Announced

Completed

Trafigura and Haddington Ventures completed the acquisition of a 71.5% stake in Sawtooth Caverns from NGL Energy Partners for $70m.

Financials

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Transaction Value£50m
Consideration TypeCash
Capital Owned-
Capital Bid For72%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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lng storage

Single Bidder

Completed

Majority

Friendly

Private Equity

Acquisition

United States

Private

Storage Terminals

Cross Border

Synopsis

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Trafigura, a Swiss multinational commodity trading company, and Haddington Ventures, a private equity firm, completed the acquisition of a 71.5% stake in Sawtooth Caverns, the largest natural gas liquids storage facility in the Western United States, from NGL Energy Partners, a diversified midstream MLP, for $70m. “Trafigura has the expertise and market presence, alongside Haddington Ventures’ significant expertise and experience in the development of salt caverns, to help us realize our ambition to become the Western energy hub of the United States,” Dan Myers, Sawtooth Caverns CEO.

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