Investment Summary

Buckeye Partners and ADNOC Invest In VTTI

On October 24, 2016, Buckeye Partners and ADNOC invested in energy services and equipment company VTTI from Vitol Holding B.V.

Investment Highlights
  • This is Buckeye Partners’ 1st and ADNOC’s 1st transaction in the Energy Services and Equipment sector.
  • This is Buckeye Partners’ 1st and ADNOC’s 1st transaction in the Netherlands.

Investment Summary

Date 2016-10-24
Target VTTI
Sector Energy Services and Equipment
Investor(s) Buckeye Partners
ADNOC
Sellers(s) Vitol Holding B.V.
Deal Type Stake Purchase

Target

VTTI

Rotterdam, Netherlands
VTTI is an independent global marine terminal businesses that, through its subsidiaries and partnership interests, owns and operates approximately 54 million barrels2 of petroleum products storage across 13 terminals located on five continents. VTTI is based in Rotterdam, Netherlands.

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Investor(S) 2

Investor

Buckeye Partners

Houston, Texas, United States

Category Company
Founded 1886
Sector Energy Services and Equipment
Employees1,850
Revenue 4.1B USD (2018)
DESCRIPTION
Entrance to Buckeye Partners' corporate headquarters in Houston, Texas.
Entrance to Buckeye Partners' corporate headquarters in Houston, Texas.

Buckeye Partners owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. Buckeye Partners was originally established in 1886 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 6
Sector: Energy Services and Equipment M&A 1 of 3
Type: Stake Purchase M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Hess U.S. East Coast & St. Lucia Terminal Network

United States

Hess U.S. East Coast & St. Lucia Terminal Network, comprises 20 liquid petroleum products terminals with total storage capacity of about 39 million barrels.

Buy $850M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Buckeye Partners - Jet Fuel Pipeline and Terminal Assets

United States

Buckeye Partner's Jet Fuel Pipeline and Terminal Assets provides operations and maintenance, asset development and construction services for pipeline and energy assets across the United States.

Sell -
Investor

ADNOC

Abu Dhabi, United Arab Emirates

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Abu Dhabi National Oil Co. is a major diversified group of energy and petrochemical companies that produces about 3 million barrels of oil and 10.5 billion cubic feet of raw gas a day. It's integrated upstream, midstream and downstream activities are carried out by 14 specialist subsidiary and joint venture companies.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 ADNOC Oil Pipelines

Abu Dhabi, United Arab Emirates

ADNOC Oil Pipelines will lease ADNOC’s interest in 18 pipelines, transporting stabilized crude oil and condensate across ADNOC’s offshore and onshore upstream concessions, for a 23-year period. ADNOC Oil Pipelines is based in Abu Dhabi, United Arab Emirates.

Sell -

Seller(S) 1

SELLER

Vitol Holding B.V.

Rotterdam, Netherlands

Category Company
Sector Energy Services and Equipment
Employees4,346
Revenue 303.0B USD (2012)
DESCRIPTION

Vitol is an energy trading company that ships petroleum products, ethanol, dry goods (coal, sugar), liquid natural gas and liquid petroleum gas, and chemicals around the world.


DEAL STATS #
Overall 1 of 2
Sector: Energy Services and Equipment M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Varo Energy

Zug, Switzerland

Varo Energy is a midstream energy company. Its business comprises refining, pipeline, storage and wholesale distribution, serving clients across North West Europe. Varo Energy is based in Zug, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 ATX Energy Partners

Austin, Texas, United States

ATX Energy Partners is an exploration and production company focused on the acquisition and development of acreage positions in unconventional domestic oil and liquids resource plays. ATX Energy Partners was founded in 2017 and is based in Austin, Texas.

Buy -