KMI and Brookfield Infrastructure to invest about $242 mln in NGPL

By Iris Dorbian — 2 months ago

Kinder Morgan Inc and Brookfield Infrastructure Partners LP have agreed to jointly acquire a 53 percent equity stake in Natural Gas Pipeline Company of America LLC for about $242 million. The seller is Myria Holdings Inc. According to terms of the deal, KMI will pay about $136 million, increasing its stake in NGPL from 20 percent to 50 percent while Brookfield Infrastructure will pay about $106 million, expanding its stake from approximately 27 percent to 50 percent. As a result of the transaction, NGPL, which is one of the largest interstate pipeline systems in the country, has a $3.4 billion valuation.


Goldman, Carlyle and Riverstone Cash Out Some Kinder Morgan Holdings

By Connie Loizos — 4 years ago

Goldman Sachs, The Carlyle Group, and Riverstone Holdings will sell 63 million of their common shares of publicly Houston-based Kinder Morgan, one of the largest energy companies in North America. The private equity firms participated in a buyout of Kinder Morgan in 2006, led by founder Richard Kinder. The company went public again in February 2011. […]


Kinder Morgan to Buy 50% Stake Held by KKR in Altamont JV

By Luisa Beltran — 4 years ago

Kinder Morgan Energy Partners said Wednesday that it has agreed to buy 50% in a joint venture that owns the Altamont gathering, processing and treating assets, as well as the Camino Real Gathering System. The seller is KKR. Kinder Morgan is pay $300 million for the stake. The deal is expected to close at the […]


Slideshow: Add-Ons Boost PE-Backed M&A. Here’s The Top 5 Deals, Including Kinder Morgan–CORRECTED

By Luisa Beltran — 4 years ago

Market volatility may have slowed down M&A but there still are some bright spots.

So far in 2011 there have been 503 U.S. announced mergers that are private equity backed. These deals are valued at$77.5 billion, which compares to the 632 deals for all of 2010 that totaled $69.34 billion, Dealogic says. Transaction values, according to the data, are up 12%.

However, these totals don’t include the mammoth Kinder Morgan deal. Kinder Morgan agreed to buy El Paso Corp. for about $38 billion, including debt, earlier this month. CORRECTED: The Carlyle Group, and Goldman Sachs Inc.’s buyout arm, Highstar Capital, along with Riverstone Holdings, bought Kinder Morgan in 2007. Kinder Morgan went public earlier this year but the PE firms still hold stakes.


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

By Reuters News — 4 years ago

(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.


Debt Men Tell No Lies: Largest LBOs Remain On Shaky Ground

By David M. Toll — 5 years ago

Recent IPO filings by the likes of Freescale Semiconductor Inc. and HCA Inc. may lead some to conclude that mega-buyouts circa 2005-2007, once at grave risk from the recession, are finally in the clear.

That may turn out to be the story. But an article published last week by three credit analysts at ratings agency Standard & Poor’s—Allyn Arden, William Wetreich and Kenneth G. Drucker—suggests many of the largest deals from the golden age of private equity remain at risk of defaulting on their debt obligations (see table, next page). Were the economy to stall, or worse, they could well go belly-up.


IPOs Looking Up

By Joanna Glasner — 5 years ago

When it comes to global IPO activity, 2011 has seen the liveliest start to a year on record. So far this year, companies have raised $24 billion, up 20% from year-ago levels, according to Thomson Reuters. China leads in volume, accounting for 41% of new issue activity, followed by the United States at 35% and […]


Kinder Morgan Readying To Go Public

By PEHub Administrator — 6 years ago

(Reuters) – Pipeline company Kinder Morgan Inc, which was taken private in a $14.6 billion management buyout in 2007, is preparing for an initial public offering, according to a source familiar with the matter. It was unclear whether Houston-based Kinder Morgan, backed by Carlyle Group CYL.UL and Goldman Sachs Group Inc’s (GS.N) buyout fund, has […]