M&A Deal Summary

CDPQ Acquires Southern Star Central

On May 1, 2015, asset manager CDPQ acquired energy services and equipment company Southern Star Central from Morgan Stanley Capital Partners

Acquisition Highlights
  • This is CDPQ’s 1st transaction in the Energy Services and Equipment sector.
  • This is CDPQ’s 2nd transaction in the United States.
  • This is CDPQ’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2015-05-01
Target Southern Star Central
Sector Energy Services and Equipment
Buyer(s) CDPQ
Sellers(s) Morgan Stanley Capital Partners
Deal Type Secondary Buyout

Target

Southern Star Central

Owensboro, Kentucky, United States
Southern Star Central is a provider of natural gas transmission and storage network. The pipeline network extends over more than 9,300 kilometers across eight states, serving mainly the Kansas and Missouri markets. Southern Star Central was founded in 2002 and is based in Owensboro, Kentucky.

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Buyer(S) 1

Buyer

CDPQ

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 11 of 101
Sector (Energy Services and Equipment) 1 of 2
Type (Secondary Buyout) 2 of 20
State (Kentucky) 1 of 1
Country (United States) 2 of 24
Year (2015) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-20 Cirque du Soleil

Montreal, Quebec, Canada

Cirque du Soleil is a creative content provider of live artistic entertainment. In addition to shows, the company, which has its International Headquarters in Montréal, extends its creative talent to other spheres of activity. Cirque du Soleil was formed in 1984 and is based in Montreal, Quebec.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-03 Fix Auto Canada

Blainville, Quebec, Canada

Fix Auto Canada is a consumer brand in collision repair, and the largest single branded network in Canada, with over 230 locations across the country. Owned and operated locally, each Fix Auto centre offers hassle-free care and services that return vehicles to their pre-collision luster and performance. Our company and our network continue to grow nationally and globally, thanks to a solid foundation based on entrepreneurship and innovation. With more than 400 locations around the world, Fix Auto is the global body shop network. Fix Auto Canada is based in Blainville, Quebec.

Buy -

Seller(S) 1

DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.


DEAL STATS #
Overall 8 of 24
Sector (Energy Services and Equipment) 2 of 4
Type (Secondary Buyout) 3 of 8
State (Kentucky) 1 of 1
Country (United States) 7 of 20
Year (2015) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 Boyd

Modesto, California, United States

Boyd Corp is a designer, manufacturer, marketer, and distributor of extruded, die-cut, and molded flexible rubber and plastic components and sealing systems for industrial applications. The business has a history of design and manufacturing innovation related to sealing systems and applications.

Sell $557M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 Creative Circle

Los Angeles, California, United States

Creative Circle LLC is a specialized staffing agency representing advertising, marketing,graphic communication, and interactive professionals. The Company currently lists many of the top advertising agencies, design firms, and corporations as clients.

Sell $570M