Investment Summary

Brookfield Business Partners Invests In Teekay Offshore Partners

On July 3, 2018, Brookfield Business Partners invested in oil/gas exploration company Teekay Offshore Partners from Teekay

Investment Highlights
  • This is Brookfield Business Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Brookfield Business Partners’ 1st transaction in Bermuda.

Investment Summary

Date 2018-07-03
Target Teekay Offshore Partners
Sector Oil/Gas Exploration
Investor(s) Brookfield Business Partners
Sellers(s) Teekay
Deal Type Stake Purchase

Target

Teekay Offshore Partners

Hamilton, Bermuda
Teekay Offshore Partners L.P. is an international midstream services provider to the offshore oil production industry, focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.

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Investor(S) 1

Investor

Brookfield Business Partners

Hamilton, Bermuda

Category Company
Sector Business Services
Employees72,000
Revenue 40.6B USD (2024)
DESCRIPTION

Brookfield Business Partners acquires high-quality businesses and applies its global investing and operational expertise to create value, with a focus on profitability, sustainable margins, and sustainable cash flows. Brookfield Business Partners has the flexibility to invest across multiple industries and through many forms. Brookfield Business Partners is based in Hamilton, Bermuda.


DEAL STATS #
Overall 1 of 8
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Bermuda M&A 1 of 1
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-07 North American Palladium

Toronto, Ontario, Canada

North American Palladium Inc. is a Canadian mining company producing at the Lac des Iles Mine northwest of Thunder Bay, Ontario. The mine features a unique ore body, modern infrastructure, advanced underground technologies and an exploration portfolio.

Sell $570M

Seller(S) 1

SELLER

Teekay

Hamilton, Bermuda

Category Company
Founded 1973
Sector Oil/Gas Exploration
Employees2,330
Revenue 1.2B USD (2024)
DESCRIPTION

Teekay is a provider of international crude oil and gas marine transportation. Teekay was founded in 1973 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Bermuda M&A 1 of 1
Year: 2018 M&A 1 of 1