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New Deal


Announced

Completed

ArcLight Capital completed the acquisition of an additional 12.5% stake in NGPL from Brookfield Infrastructure.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned25%
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Single Bidder

Domestic

Completed

Pipelines

natural gas pipeline

United States

Minority

Acquisition

Private Equity

Synopsis

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ArcLight Capital, an infrastructure investment firm, completed the acquisition of an additional 12.5% stake in Natural Gas Pipeline Company of America from Brookfield Infrastructure, a global infrastructure company. Financial terms were not disclosed. "Our investment in NGPL continues to be highly representative of ArcLight's thesis in strategic natural gas infrastructure. NGPL provides critical energy reliability and security services to utilities, enables increasing electrification in the US and supports the generational shift in supply-demand fundamentals driven by LNG export growth. In addition, we believe NGPL serves as a critical enabler to the future development of energy transition infrastructure. We are excited to further invest in our longstanding partnership with Kinder Morgan, a highly sophisticated operator with industry leading ESG credentials," Lucius Taylor, ArcLight Partner.

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