M&A Deal Summary

AEC Partners and Avista Healthcare Partners Acquire Appalachian Midstream Partners

On May 12, 2011, private equity firms AEC Partners and Avista Healthcare Partners acquired oil/gas exploration company Appalachian Midstream Partners

Acquisition Highlights
  • This is AEC Partners’ 9th and Avista Healthcare Partners’ 5th transaction in the Oil/Gas Exploration sector.
  • This is AEC Partners’ 7th and Avista Healthcare Partners’ 17th transaction in the United States.
  • This is AEC Partners’ 1st and Avista Healthcare Partners’ 1st transaction in Ohio.

M&A Deal Summary

Date 2011-05-12
Target Appalachian Midstream Partners
Sector Oil/Gas Exploration
Buyer(s) AEC Partners
Avista Healthcare Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Appalachian Midstream Partners

Columbus, Ohio, United States
Appalachian Midstream Partners’ primary asset is a 23 mile 24” natural gas fuel line which connects multiple interstate pipelines to an industrial development outside Toledo, Ohio. AMP also owns and operates a 56-mile pipeline and right-of-way that provides access to the Leidy Storage field and multiple major interstate pipelines in north-central Pennsylvania located in the Marcellus Shale fairway. Appalachian Midstream Partners is based in Columbus, Ohio.

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Buyer(S) 2

Buyer

AEC Partners


Category Private Equity Firm
Founded 2017
PE ASSETS 3.9B USD
Size Large
Type Sector Focused
DESCRIPTION

AEC Partners is a private equity firm focused on providing direct equity investments in companies from the energy sector. AEC Partners looks to invest between $25 to $75 million in companies from the Southern US. AEC Partners is based in Houston, Texas was spun out from Avista Capital Partners and formed as an independent firm in 2017.


DEAL STATS #
Overall 9 of 14
Sector (Oil/Gas Exploration) 9 of 12
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (Ohio) 1 of 1
Country (United States) 7 of 11
Year (2011) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-04 ACP II Marcellus

Houston, Texas, United States

ACP II Marcellus LLC focused on the acquisition and exploitation of natural gas assets in the Marcellus Shale formation in the Appalachian Basin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Enduring Resources II

Denver, Colorado, United States

Enduring Resources II LLC is focused on pursuing a diverse portfolio of acquisition and exploitation opportunities in central onshore U.S. basins. Enduring Resources II was founded in 2011 and is based in Denver, Colorado.

Buy -
Buyer

Avista Healthcare Partners

New York, New York, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 22 of 54
Sector (Oil/Gas Exploration) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 10 of 16
State (Ohio) 1 of 1
Country (United States) 17 of 43
Year (2011) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-11 Celtique Energie

London, United Kingdom

Celtique Energie is involved in the exploration and development of oil and natural gas prospects in onshore basins in Europe. The company utilizes modern geophysical technology to upgrade existing information in these areas and generate attractive opportunities for oil and gas development. Celtique Energie was founded in 2006 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-19 Nycomed Pharma AG

Zurich, Switzerland

Nycomed Pharma AG is a manufacturer, marketer, and promoting a range of Rx and OTC pharmaceutical products in Europe. Nycomed offers hospital products and general practitioner medicines, as well as provides late-stage clinical development, and registration and marketing. Nycomed Pharma AG was established in 1986 and is based in Zurich, Switzerland.

Sell €9.6B