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New Deal


Announced

Stonepeak to acquire Teekay LNG Partners for $6.2bn.

Financials

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Transaction Value£4,575m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Canada

maritime freight

Marine Transportation

Private

Private Equity

Friendly

Pending

oil & gas services

Single Bidder

Acquisition

Cross Border

Synopsis

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Stonepeak Infrastructure Partners, a private equity firm, agreed to acquire Teekay LNG Partners, a marine transportation company, for $6.2bn. “Stonepeak has long recognized the growing global demand for LNG and importance of natural gas as a bridge fuel, particularly as the world continues to shift toward cleaner sources of energy. Through this transaction, we have an exciting opportunity to invest in a critical energy transition infrastructure business in the form of Teekay LNG’s high-quality, modern fleet of vessels and stable long-term customer contracts. We are particularly excited to partner with Teekay LNG’s best-in-class management team to bring cheaper, cleaner, more reliable energy supply to all parts of the world, especially in Asia where we have been active investors in the ongoing shift to cleaner fuels and renewables," James Wyper, Stonepeak Senior Managing Director.

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