Investment Summary

GIC Invests In GasLog

On October 21, 2024, sovereign wealth fund GIC invested in energy services and equipment company GasLog from Global Infrastructure Partners

Investment Highlights
  • This is GIC’s 4th transaction in the Energy Services and Equipment sector.
  • This is GIC’s 2nd transaction in Greece.

Investment Summary

Date 2024-10-21
Target GasLog
Sector Energy Services and Equipment
Investor(s) GIC
Sellers(s) Global Infrastructure Partners
Deal Type Stake Purchase

Target

GasLog

Piraeus, Greece
GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog's consolidated fleet consists of 27 LNG carriers (21 ships on the water and 6 on order). GasLog was founded in 2003 and is based in Piraeus, Greece.

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Investor(S) 1

Investor
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


DEAL STATS #
Overall 42 of 42
Sector (Energy Services and Equipment) 4 of 4
Type (Stake Purchase) 9 of 9
Country (Greece) 2 of 2
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 Zuora

Redwood City, California, United States

Zuora is a global SaaS platform powering subscription-based business models. Zuora's applications are designed to automate billing, commerce, and finance operations for companies providing subscription-based services. Zuora was founded in 2006 and is based in Redwood City, California.

Buy $1.7B

Seller(S) 1

SELLER

Global Infrastructure Partners

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 115.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Global Infrastructure Partners (GIP) is a global investment firm that invests in infrastructure assets worldwide. GIP looks to work in partnership with the public sector and other stakeholders to improve infrastructure for the community by drawing on its global capability and applying industrial best practices to enhance operating efficiencies. The Firm focuses on larger scale investments in assets that provide essential services, have high barriers to entry and offer significant governance positions. GIP primarily targets opportunities in OECD countries, while maintaining a global perspective and the flexibility to pursue assets with the potential for attractive risk-adjusted returns in selected non-OECD countries. Global Infrastructure Partners was established in 2007 and is headquartered in New York, New York.


DEAL STATS #
Overall 5 of 6
Sector (Energy Services and Equipment) 1 of 1
Type (Stake Purchase) 3 of 3
Country (Greece) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 Allete

Duluth, Minnesota, United States

Allete is an energy company operating Minnesota Power, an electric utility that serves 150,000 residents, 14 municipalities, and industrial customers. In addition to Minnesota Power, the company owns Superior Water, Light and Power, based in Superior, Wisconsin, Allete Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity. ALLETE was founded in 1906 and is based in Duluth, Minnesota.

Buy $6.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 Medallion Midstream

Irving, Texas, United States

Medallion Midstream provides a broad range of midstream solutions, including crude oil gathering, transportation and storage, as well as natural gas gathering, processing and treating. Medallion Midstream is based in Irving, Texas.

Sell $2.6B