M&A Deal Summary

IFM Investors Private Equity Acquires Buckeye Partners

On May 10, 2019, private equity firm IFM Investors Private Equity acquired energy services and equipment company Buckeye Partners for 10.3B USD

Acquisition Highlights
  • This is IFM Investors Private Equity’s 1st transaction in the Energy Services and Equipment sector.
  • This is IFM Investors Private Equity’s 2nd largest (disclosed) transaction.
  • This is IFM Investors Private Equity’s 3rd transaction in the United States.
  • This is IFM Investors Private Equity’s 2nd transaction in Texas.

M&A Deal Summary
Date 2019-05-10
Target Buckeye Partners
Sector Energy Services and Equipment
Buyer(s) IFM Investors Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 10.3B USD
Advisor(s) Intrepid Investment Bankers
Wells Fargo Securities (Financial)
Cravath, Swaine & Moore (Legal)

Target

Buckeye Partners

Houston, Texas, United States
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.

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Buyer(S) 1

Buyer

IFM Investors Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

IFM Investors Private Equity is the private equity arm of global investment manager IFM Investors. IFM Investors Private Equity looks to acquire and invest in mid-sized Australian and New Zealand companies focused on growth. The Group is sector agnostic with a preference for healthcare, consumer brands, technology/media, and business services companies. IFM Investors Private Equity is based in Melbourne.

DEAL STATS #
Overall 15 of 28
Sector (Energy Services and Equipment) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 10
State (Texas) 2 of 2
Country (United States) 3 of 5
Year (2019) 1 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Impala Terminals

Geneva, Switzerland

Impala Terminals provides critical storage and logistics infrastructure services to energy and dry bulk customers around the world. Impala Terminals is based in Geneva, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 My Plan Manager

Adelaide, Australia

My Plan Manager is a provider of plan management services to clients in the National Disability Insurance Scheme. My Plan Manager was founded in 2015 and is based in Adelaide, Australia.

Buy -
Mergr

Product

Company

Legal