M&A Deal Summary

The Blackstone Group Acquires Tallgrass Energy Partners

On January 31, 2019, private equity firm The Blackstone Group acquired energy services and equipment company Tallgrass Energy Partners for 3.3B USD

Acquisition Highlights
  • This is The Blackstone Group’s 9th transaction in the Energy Services and Equipment sector.
  • This is The Blackstone Group’s 47th largest (disclosed) transaction.
  • This is The Blackstone Group’s 154th transaction in the United States.
  • This is The Blackstone Group’s 1st transaction in Kansas.

M&A Deal Summary
Date 2019-01-31
Target Tallgrass Energy Partners
Sector Energy Services and Equipment
Buyer(s) The Blackstone Group
Deal Type Going Private
Deal Value 3.3B USD
Advisor(s) Baker Botts (Legal)

Target

Tallgrass Energy Partners

Overland Park, Kansas, United States
Tallgrass Energy is a family of companies formed to own, operate, acquire and develop midstream energy assets in North America. The Tallgrass Energy family is comprised of Tallgrass Energy Partners, LP, a master limited partnership, and Tallgrass Development, LP.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 247 of 336
Sector (Energy Services and Equipment) 9 of 9
Type (Going Private) 24 of 36
State (Kansas) 1 of 2
Country (United States) 154 of 211
Year (2019) 1 of 16
Size (of disclosed) 47 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Crocs

Broomfield, Colorado, United States

Crocs is a designer, manufacturer and marketer of footwear for men, women and children under the crocs brand. Crocs was established in 1999 and is based in Broomfield, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 The Ultimate Software Group

Weston, Florida, United States

The Ultimate Software Group, Inc. is a provider of cloud-based human capital management (HCM) solutions. Ultimate delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. The Ultimate Software Group was founded in 1990 and is based in Weston, Florida.

Buy $11.0B
Mergr

Product

Company

Legal