Investment Summary

EIG Partners and Mubadala Capital Invest In Aramco Oil Pipelines

On April 9, 2021, asset manager EIG Partners and sovereign wealth fund Mubadala Capital invested in energy services and equipment company Aramco Oil Pipelines from Aramco

Investment Highlights
  • This is EIG Partners’ 14th and Mubadala Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is EIG Partners’ 1st and Mubadala Capital’s 1st transaction in Saudi Arabia.

Investment Summary
Date 2021-04-09
Target Aramco Oil Pipelines
Sector Energy Services and Equipment
Investor(s) EIG Partners
Mubadala Capital
Sellers(s) Aramco
Deal Type Stake Purchase

Target

Aramco Oil Pipelines

Dhahran, Saudi Arabia
Aramco Oil Pipelines is a pipeline company that provides tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network. Aramco Oil Pipelines is based in Dhahran, Saudi Arabia.

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Investor(S) 2

Investor

EIG Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.

DEAL STATS #
Overall 47 of 55
Sector (Energy Services and Equipment) 14 of 17
Type (Stake Purchase) 13 of 16
Country (Saudi Arabia) 1 of 1
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-15 SunLight General

New York, New York, United States

SunLight General is a solar project developer that develops, owns, and operates distributed generation solar projects serving commercial and industrial (“C&I”) customer demand. SunLight provides renewable energy to its customers, with lower delivered costs than retail tariffs, and helps progress its customers’ sustainability goals through this clean energy procurement. SunLight General was founded in 2009 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 West Burton Energy

Retford, United Kingdom

West Burton Energy is an independent power producer and a leading supplier of electricity. West Burton Energy operates a 1332 MW Combined Cycle Gas Turbine (CCGT) power station, a 49MW battery, and has a permitted site for a planned Open Cycle Gas Turbine (OCGT) project. West Burton Energy is based in Retford, England.

Buy -
Investor

Mubadala Capital

Investor

Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.

DEAL STATS #
Overall 22 of 43
Sector (Energy Services and Equipment) 1 of 1
Type (Stake Purchase) 6 of 10
Country (Saudi Arabia) 1 of 1
Year (2021) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Cazoo

London, United Kingdom

Cazoo is a provider and owns and fully reconditions all its cars before offering them for sale and delivering them free to customer’s doors in a convenient two-hour delivery slot. Every Cazoo car comes with a 7-day money-back guarantee, free comprehensive 90-day warranty, and roadside assistance. Buyers can purchase or finance one of the thousands of Cazoo cars entirely online as well as get an instant offer for any part exchange. Cazoo was founded in 2018 and is based in London, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Culligan

Rosemont, Illinois, United States

Culligan offers water softeners, filtration systems, industrial water treatment solutions, and drinking water systems. Culligan was founded in 1936 and is based in Rosemont, Illinois.

Buy -

Seller(S) 1

SELLER

Aramco

Dhahran, Saudi Arabia
Category Company
Sector Oil/Gas Exploration
Employees54,041
Revenue 400.0B USD (2012)
DESCRIPTION
Aramco office in downtown Houston, Texas.
Aramco office in downtown Houston, Texas.

Saudi Aramco is a Saudi Arabian national oil and natural gas company based in Dhahran, Saudi Arabia.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Saudi Arabia) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Tuwaiq Casting & Forging

Jubail, Saudi Arabia

Tuwaiq Casting & Forging produces castings and forgings that go into the pumps and valves of petrochemical plants and those used on equipment for shipbuilding and offshore plants. Tuwaiq Casting & Forging was formed in 2020 and is based in Jubail, Saudi Arabia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Valvoline - Global Products Business

Lexington, Kentucky, United States

Valvoline's Global Products Business includes retail services and global products businesses.

Buy $2.7B
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