M&A Deal Summary

Kinder Morgan Energy Partners Acquires Copano Energy

On January 29, 2013, Kinder Morgan Energy Partners acquired energy services and equipment company Copano Energy from TPG for 3.2B USD

Acquisition Highlights
  • This is Kinder Morgan Energy Partners’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Kinder Morgan Energy Partners’ largest (disclosed) transaction.
  • This is Kinder Morgan Energy Partners’ 6th transaction in the United States.
  • This is Kinder Morgan Energy Partners’ 3rd transaction in Texas.

M&A Deal Summary

Date 2013-01-29
Target Copano Energy
Sector Energy Services and Equipment
Buyer(s) Kinder Morgan Energy Partners
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Barclays Investment Bank
Jefferies (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Copano Energy

Houston, Texas, United States
website
Copano Energy LLC, is a midstream natural gas company providing comprehensive services to natural gas producers, including natural gas gathering, intrastate transmission, processing, conditioning and treating to producers.

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Buyer(S) 1

Buyer

Kinder Morgan Energy Partners

Houston, Texas, United States

Category Company
Founded 1992
Sector Energy Services and Equipment
Employees8,000
DESCRIPTION

Kinder Morgan Energy Partners LP is an energy transportation, storage and distribution companies in North America. The Company owns an interest in or operates approximately 41,000 miles of pipelines that primarily transport natural gas, crude oil, petroleum products and CO2, and more than 155 terminals which store, transfer and handle products like gasoline and coal. Kinder Morgan Energy Partners LP was formed in 2002 and is based in Houston, Texas.


DEAL STATS #
Overall 7 of 7
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (Texas) 3 of 3
Country (United States) 6 of 6
Year (2013) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-25 SouthTex Treaters

Odessa, Texas, United States

Southtex is a manufacturer, designer, fabricator, and operator of natural gas processing plants. Its major products include amine plants, glycol dehydrators, crude stabilizers, and cryogenic plants.

Buy $155M

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 96 of 245
Sector (Energy Services and Equipment) 1 of 4
Type (Add-on Acquisition) 45 of 89
State (Texas) 11 of 24
Country (United States) 71 of 182
Year (2013) 3 of 22
Size (of disclosed) 17 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-23 Eze Software

Boston, Massachusetts, United States

Eze Castle Software LLC is a provider of investment management software solutions designed to optimize operational and investment alpha throughout the entire investment process. Eze Software provides the platform for growth for the entire investment management community, maximizing efficiencies across order management, trade execution & analytics, portfolio analytics & modeling, compliance & regulatory reporting, commission management, and portfolio & investor accounting. Eze Castle Software was formed in 1995 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 Republic Retail

Leeds, United Kingdom

Republic Retail is a UK apparel retailer of young adult fashion with a differentiated multi-brand concept offering consumers a wide range of proprietary house brands and 3rd party brands.

Sell -