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Oaktree to acquire Highstar team

Oaktree Capital Management has agreed to acquire the Highstar Capital team. No financial terms were disclosed for the transaction, which is expected to be completed in the third quarter of 2014. Headquartered in New York City, Highstar is an infrastructure investment firm.

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Infrastructure Fund Set to Close at $2B

Highstar Capital will likely close its first fund since spinning out of AIG at around $2 billion next month, which would be $500 million short of its target, peHUB sister pub Buyouts reported earlier today, citing a source familiar with the fundraising effort. Probitas Partners and PineBridge Securities LLC are helping the firm raise the […]

Highstar Capital Mulls Sale of Utilities Inc.

Buyout firm Highstar Capital is exploring the sale of water and wastewater company Utilities Inc., whose value is seen at about $500 million, Reuters wrote. New York-based Highstar acquired Utilities Inc. from Dutch utility Nuon in April 2006.

Kinder Morgan to Buy El Paso for $21 Billion in Big Bet on Natural Gas Market

(Reuters) – Kinder Morgan Inc. struck a $21 billion deal to buy rival El Paso Corp., combining the two largest natural gas pipeline operators in North America in a huge bet on the fast-growing market for that fuel.

The cash and stock deal announced on Sunday values El Paso at a 37%  premium to its Friday market value, and comes as Exxon Mobil Corp. and other oil majors are spending billions of dollars to develop and produce shale gas and crude oil in areas with poor infrastructure.

Kinder Morgan went public in February after CEO Kinder and private equity firms including Carlyle Group and Goldman Sachs Inc.’s buyout arm Highstar Capital and Riverstone Holdings took the company private in a management led buyout in 2007.

The private equity firms sold a 13.5% stake in the company’s IPO, but Kinder and the buyout funds still hold a vast majority of the company.

Kinder Morgan to Buy El Paso for $38 Bln, Including Debt

Kinder Morgan, whose owners shareholders include the Carlyle Group and Highstar Capital, agreed Sunday to buy El Paso Corp. for about $38 billion including debt. El Paso, of Houston, is North America’s largest pipeline operator, according to Thomson Reuters. Evercore Partners and Barclays Capital provided financial advice to Kinder Morgan. Morgan Stanley advised El Paso. Goldman Sachs also provided advice to El Paso on its previously announced spin-off and related matters to the Kinder Morgan deal, according to the statement.

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Readers: You’re Amtrak’s Only Hope

It’s safe to say the U.S. government won’t be spending $53 billion on railway improvements any time soon, no matter what Vice President Joe Biden says. Lawmakers are ill at ease to launch new projects at a time when the House GOP is on a mission to hack into federal appropriations budgets. State lawmakers, too, […]

Ports America Investing $150m into Oakland Port

NEW YORK (Reuters) – Privately-held Ports America plans to make a $150 million investment to update a section of Oakland, California’s port as part of a 50-year deal to operate there. Ports America, owned by infrastructure private equity fund Highstar Capital, said on Tuesday the Port of Oakland had voted to approve the deal. Under […]

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