M&A Deal Summary

Wren House Infrastructure Acquires North Sea Midstream Partners

On September 24, 2018, infrastructure investor Wren House Infrastructure acquired oil/gas exploration company North Sea Midstream Partners from ArcLight Capital Partners

Acquisition Highlights
  • This is Wren House Infrastructure’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Wren House Infrastructure’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-09-24
Target North Sea Midstream Partners
Sector Oil/Gas Exploration
Buyer(s) Wren House Infrastructure
Sellers(s) ArcLight Capital Partners
Deal Type Secondary Buyout

Target

North Sea Midstream Partners

Aberdeen, United Kingdom
North Sea Midstream Partners owns the Teesside Gas Processing Plant, which processes natural gas from the Central North Sea and Southern Gas Basin, as well as the FUKA and SIRGE offshore pipelines and St Fergus Gas Terminal, which transport and process production from the Northern North Sea and West of Shetlands. North Sea Midstream Partners is based in Aberdeen, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Wren House Infrastructure is an infrastructure focused private investment firm and subsidiary of sovereign wealth fund the Kuwait Investment Authority. The Firm targets investments across the core and core plus infrastructure sectors which includes transport, energy, utilities, telecoms, healthcare, agriculture and social infrastructure. Wren House Infrastructure was formed in 2013 and is headquartered in London.


DEAL STATS #
Overall 7 of 14
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 7
Country: United Kingdom M&A 4 of 5
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Zorlu Enerji

Istanbul, Turkey

Zorlu Enerji is an energy company active in generation, sales, trading and distribution of electricity, as well as construction, management and maintenance of power plants and EV charging stations networks, with c. 1.3 GW of renewable installed capacity. Zorlu Enerji was founded in 1993 and is based in Istanbul, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 i3 Broadband

Peoria, Illinois, United States

i3 Broadband provides all-fiber-to-the-premises triple-play services to both residential and commercial customers in Central Illinois. i3 Broadband is based in Peoria, Illinois.

Buy -

Seller(S) 1

SELLER

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2001
PE ASSETS 20.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.


DEAL STATS #
Overall 23 of 29
Sector: Oil/Gas Exploration M&A 5 of 8
Type: Secondary Buyout M&A Deals 7 of 9
Country: United Kingdom M&A 2 of 2
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Midcoast Operating

Houston, Texas, United States

Midcoast Operating, L.P. consists of three large, legacy gathering and processing systems in Texas and Oklahoma, a long-haul NGL transmission system delivering NGLs from multiple supply areas (including the DJ and Permian basins) to Mont Belvieu, Texas, and a marketing and logistics business.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Third Coast Midstream

Denver, Colorado, United States

Third Coast Midstream is a growth-oriented natural gas pipeline company that gathers, treats, processes, and transports natural gas. American Midstream Partners owns and operates nine gathering systems, three processing facilities, two interstate pipelines, and six intrastate pipelines. Third Coast Midstream was formed in 2009 and is headquartered in Denver, Colorado.

Buy -