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Announced

Completed

Enterprise Products Partners completed the acquisition of Navitas Midstream from Warburg Pincus for $3.3bn.

Financials

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Transaction Value£2,390m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Acquisition

United States

Integrated Oil and Gas

Private

Friendly

Domestic

Majority

natural gas

Single Bidder

Completed

Synopsis

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Enterprise Products Partners, a provider of midstream energy services to producers and consumers of natural gas, completed the acquisition of Navitas Midstream, a natural gas gathering, treating and processing services provider, from Warburg Pincus, a growth investor, for $3.3bn. "We are excited to contribute our unique Midland Basin system to Enterprise, one of the premier midstream operators. We have succeeded in our goal of creating a unique company that provides critical infrastructure to meet the needs of our Midland Basin producers," R. Bruce Northcutt, Navitas CEO.

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