M&A Deal Summary

Northleaf Capital Partners Acquires CSV Midstream Solutions

On June 28, 2019, asset manager Northleaf Capital Partners acquired energy services and equipment company CSV Midstream Solutions from Apollo Global Management

Acquisition Highlights
  • This is Northleaf Capital Partners’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Northleaf Capital Partners’ 1st transaction in Canada.
  • This is Northleaf Capital Partners’ 1st transaction in Alberta.

M&A Deal Summary

Date 2019-06-28
Target CSV Midstream Solutions
Sector Energy Services and Equipment
Buyer(s) Northleaf Capital Partners
Sellers(s) Apollo Global Management
Deal Type Secondary Buyout

Target

CSV Midstream Solutions

Calgary, Alberta, Canada
CSV Midstream Solutions offers complete midstream solutions in natural gas and natural gas liquids (NGL) processing. CSV Midstream Solutions engineer, design, construct and operate full-service infrastructure, including sour and sweet gas processing, liquids handling and fractionation, and gas gathering and transmission pipelines. CSV Midstream Solutions primary focus is the emerging development of Western Canadian natural gas. CSV Midstream Solutions was founded in 2014 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Northleaf Capital Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northleaf Capital Partners is an asset management firm focused on private equity, private credit, and infrastructure investment opportunities. The Firm's private equity group looks to make fund, secondary, as well as direct investments. Within its direct investing practice, Northleaf will consider a variety of middle-market investment situations including growth capital financings, successions, consolidations, and other special situations. Northleaf Capital Partners was established in 2009 and is based in Toronto, Ontario.


DEAL STATS #
Overall 14 of 24
Sector (Energy Services and Equipment) 3 of 5
Type (Secondary Buyout) 2 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 2
Year (2019) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 Odfjell

Houston, Texas, United States

Odfjell is a provider of chemical tanker shipping and tank storage services. Odfjell is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Douglas Terminals

Gent, Belgium

Douglas Terminals is a 557,000-cubic metre liquid bulk storage terminal. The facility consists of 17 high-quality tanks currently used for the storage of jet fuel, gasoil, diesel and biodiesel. Douglas Terminals is based in Gent, Belgium.

Buy -

Seller(S) 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 39 of 67
Sector (Energy Services and Equipment) 1 of 3
Type (Secondary Buyout) 11 of 16
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 Graanul Invest

Tallinn, Estonia

Graanul Invest is a wood pellet producer for bioenergy and renewable energy production, forestry, and biomaterials industries. Graanul Invest is based in Tallinn, Estonia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Tranquilidade

Lisbon, Portugal

Tranquilidade is the second-largest non-life business operator in Portugal with a 15.5% market share in the segment. The company also operates in the Life segment and posted total gross insurance premiums of approximately € 800 million in 2018.

Sell €510M