ARDIAN agrees sale of its minority stake in Encevo S.A.

Ardian

Luxembourg, July 31st, 2018 – Ardian, a world-leading private investment house, today announces that it has agreed to sell its minority stake in Encevo S.A., a leading utility company, to China Southern Power Grid International (HK) (“CSGI HK”), wholly owned by China Southern Power Grid (“CSG”), a state-owned power grid company in China that engages in power transmission, distribution and supply business.
Encevo, which is based in Luxembourg, operates in several different energy business fields through its two subsidiaries, Creos and Enovos Luxembourg. Creos manages electricity and gas grids while Enovos Luxembourg is responsible for the sale of energy to a diversified portfolio of clients in Luxembourg and Germany. The company also holds interests in energy production assets, most notably in the renewable energy sector (wind, biogas, solar and hydro).
In July 2012, Ardian, alongside co-investors, acquired a minority stake in Encevo (formerly Enovos International) from Arcelor Mittal. It then subsequently acquired a further stake in 2015 from E.on and RWE.
Since Ardian’s investment, it has worked alongside the public shareholders of the company to help Encevo adapt its strategy and organization to reflect the new shape of European energy markets. A new strategic plan has been implemented, which included a €1bn investment program. In embracing the transition of energy markets, Encevo has increased investments in renewables and energy services, particularly in Luxembourg and Germany. Looking ahead, Encevo is interested in industrial partnerships, such as with CSG, which is based in Guangzhou.
Mathias Burghardt, member of the Executive Committee of Ardian and Head of Infrastructure, said: “Ardian developed a close partnership with the State of Luxembourg at an important moment for Encevo group. The two partners successfully developed a new vision for Encevo, which places the group at the forefront of Europe’s new energy landscape.”
Benoît Gaillochet, Managing Director Ardian Infrastructure, added: “We thank the management and the employees of Encevo as well as the Luxembourg shareholders for this fruitful collaboration. We truly believe that CSG will be an excellent industrial partner for Encevo as it looks to realize its growth ambitions.”
Hua Yang, president of CSGI HK, said: “We are delighted that we have entered into an agreement to acquire a minority stake in Encevo. CSG is a long-term industrial investor in Europe. We look forward to establishing cooperative relationships with Encevo management and Luxembourg shareholders, and we are committed to support Encevo’s development towards its strategic goals, as well as the development of its energy services for customers.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$71bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 500 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian

ABOUT CSG

CSG is a global leading utility company. In China, CSG engages in the investment, construction and operation of power networks in Guangdong, Guangxi, Yunnan, Guizhou and Hainan provinces. Outside China, CSG holds investments in the energy sector in Chile, Malaysia, Vietnam and Laos. CSG is promoting green and coordinated development of power grid and ensures harmony between the power grid and the environment.

INVOLVED PARTIES

ARDIAN
M&A sell side: Natixis
Legal: Arendt & Medernach
Accounting & Tax: EY
Markets: BCG
Regulation: NERA
Technical: E-BridgeCSGI
M&A sell side: JP Morgan, Deloitte
Legal: Clifford Chance
Accounting & Tax: Deloitte
Markets and Regulation: Roland Berger
Technical: Pöyry

PRESS CONTACTS

ARDIAN
Headland
TOM JAMES
Tel: +44 207 3675 240
tjames@headlandconsultancy.co.uk

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KKR and Williams to Acquire Discovery Midstream for $1.2 Billion

KKR

HOUSTON–(BUSINESS WIRE)– KKR today announced that it has entered into an agreement to acquire Discovery Midstream (“Discovery”) from TPG Growth for approximately $1.2 billion. KKR is acquiring the provider of natural gas and oil gathering and natural gas processing services company through a newly formed joint venture with Williams(NYSE:WMB). The transaction is being funded primarily through KKR’s energy and infrastructure funds.

Founded in 2015 and based in Dallas, Texas, Discovery operates in the southern portion of Colorado’s Denver-Julesburg Basin (“DJ Basin”). The company’s infrastructure and related facilities are strategically located across more than 250,000 dedicated acres primarily in Weld and Adams counties. The Discovery system includes both natural gas and crude oil gathering pipelines, cryogenic gas processing, liquids handling and crude oil storage. The Discovery assets include a 60 million cubic feet per day (MMcf/d) gas processing plant with an additional 200 MMcf/d plant that is fully permitted and under construction. It is expected to be in service by the end of 2018.

“We are excited to partner with Williams in the acquisition of Discovery,” said James Cunningham, Managing Director on KKR’s Energy and Infrastructure team. “The Discovery team has built a strong gathering and processing infrastructure footprint to service growing production in the DJ Basin and Williams is well known as a safe and reliable operator of large-scale G&P systems in the Rockies. This fits well with our long-term focus on partnering with top-tier operators who prioritize operational excellence and stakeholder engagement when working on premier North American midstream infrastructure assets. We look forward to supporting the continued growth of Discovery alongside management and Williams for many years to come.”

Upon close, which is subject to customary closing conditions and expected to occur in the third quarter of 2018, Discovery will be led by its existing management team and Williams’ initial economic contribution and ownership will be 40 percent of the purchase price, while KKR’s initial economic contribution and ownership will be 60 percent of the purchase price. Williams will be the operator of Discovery and will hold a majority of governance voting rights. Williams has committed to fund additional capital as required to bring its economic ownership to 50/50.

“We are pleased to partner with KKR on this outstanding acquisition opportunity,” said Alan Armstrong, Williams’ President and CEO. “As one of the premiere providers of large-scale energy infrastructure with operations across the natural gas value chain, we look forward to serving the Discovery customers in this growing basin with our industry-leading midstream services and working with KKR, whose energy and infrastructure investments and strategic partnerships are well-known and highly regarded.”

“We’re thrilled to be partnering with KKR and Williams, two leading institutions that will further support our growth in the DJ Basin. We look forward to continuing to safely deliver for our customers and the community alongside our new partners,” said Discovery CEO Steven Meisel.

Simmons acted as the lead financial adviser to KKR and Williams and Simpson Thacher & Bartlett served as legal adviser to KKR.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit and, with its strategic partners, hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside its partners’ capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc.(NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR Co.

About Discovery Midstream

Based in Dallas, Discovery is a full-service midstream company focused on maximizing value and providing outstanding service to producers. Discovery’s management team has more than 100 years of experience in developing grassroots projects, optimizing assets and providing related services in the major producing basins in the United States. For more information, please visit www.discoverymidstream.com.

About Williams & Williams Partners

Williams (NYSE: WMB) is a premier provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams owns approximately 74 percent of Williams Partners L.P. (NYSE: WPZ). Williams Partners is an industry-leading, large-cap master limited partnership with operations across the natural gas value chain including gathering, processing and interstate transportation of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams Partners owns and operates more than 33,000 miles of pipelines system wide – including the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use. Williams Partners’ operations touch approximately 30 percent of U.S. natural gas. www.williams.com

About TPG Growth

TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With approximately $13.2 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has approximately $84 billion of assets under management. For more information, visit www.tpg.com.

Media:
KKR
Kristi Huller or Cara Major, 212-750-8300
media@kkr.com

Source: KKR

News Provided by Acquire Media

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Venado Oil & Gas and KKR Acquire Eagle Ford Oil Assets

KKR

AUSTIN, Texas & HOUSTON–(BUSINESS WIRE)– Today, affiliates of Venado Oil and Gas, LLC (“Venado”) and KKR announced that they have closed on an acquisition of operated assets located in the Eagle Ford oil window of South Texas. The assets acquired by Venado and KKR include current oil production from 22 producing wells and significant future resource development potential across approximately 23,000 net acres immediately adjacent to existing operated assets held by Venado and KKR in Atascosa and Frio counties. During the second quarter of 2018, the assets produced approximately 4,500 net barrels of oil equivalent per day (74% oil, 11% natural gas and 15% NGLs).

Venado CEO Scott Garrick stated, “These assets are a natural addition to our existing operated assets and considerably increase our future drilling inventory. This acquisition is a continuation of our strategy begun in late 2016 to consolidate proven assets in the Eagle Ford. This is a prime example of the Venado and KKR partnership using our extensive experience in the Eagle Ford to capture additional high-quality assets, where we have identified multiple opportunities to enhance long-term value for our stakeholders.”

David Rockecharlie, Member and Head of Energy Real Assets for KKR, commented, “This investment marks our third asset acquisition in partnership with the Venado team in less than eighteen months, underlining our commitment to capitalizing on the attractive market opportunity we see in the U.S. oil and gas sector at this point in the cycle. We continue to employ our differentiated strategy, which seeks to generate strong investment returns and free cash flow through superior technical and operational execution, as well as disciplined financial and risk management.”

As of the closing date, the Venado and KKR partnership manages an asset position comprising approximately 136,000 net acres producing approximately 43,000 barrels of oil equivalent per day from the Eagle Ford trend of South Texas.

The Venado and KKR asset partnership is principally funded by KKR’s Energy Income and Growth Fund I (“EIGF”). KKR manages a portfolio of oil and gas assets in numerous unconventional and conventional resource areas across the United States and has made thirteen investments in the Eagle Ford to date.

About Venado Oil and Gas

Venado Oil & Gas is a private company focused on the acquisition and exploitation of upstream oil and gas assets. Headquartered in Austin, Texas, its primary objective is to build and operate a portfolio of producing oil and gas wells and drilling locations in the Eagle Ford Shale. For additional information about Venado Oil & Gas, please visit www.vogllc.com.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Media:
KKR
Kristi Huller or Cara Kleiman Major, + 1-212-750-8300
media@kkr.com

Source: KKR & Co. Inc.

 

 

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Enegia becomes EnerKey-driven energy management expert – Gasum buys Enegia’s market services

Enegia, Finland’s leading independent energy expert, is to sell its energy market services business to Gasum, the leading gas sector player in the Nordic countries. The acquisition will intensify Enegia’s strategy in the strongly growing EnerKey energy management services.

Enegia Group Oy signed an agreement to sell its energy market services business to Gasum Ltd. The transaction includes the capital stocks of Enegia Consulting Oy, Enegia Portfolio Services Oy and intStream Oy. Energy market services will continue its business and service provision to current customers. The some 35 professionals employed by energy market services will transfer to Gasum’s service on completion of the transaction. The transaction is subject to the approval of the authorities and is expected to complete in early fall 2018

‟With the transaction Enegia will become a focused EnerKey-driven expert in energy management and the reorganization of Enegia’s strategy started last year has now been completed We’re happy that Gasum as the new energy market services owner will strengthen the further development and expansion of this business as well,” says Enegia Group Oy Managing Director Kalle Ahlstedt.

“The EnerKey energy management system is the undisputed market leader in property energy data management in Finland. There is also growing international potential for these scaleable services, which creates excellent preconditions for future growth and success,” says Ilari Anttila, who became CEO of Enegia Energy Management Services Oy in May.

‟As the new owner, Gasum will enable the development of energy market services to be taken to a new level drawing on the diverse excellence of both companies in the energy industry,” notes Vice President, Enegia’s Energy Market Services Mikko Askolin.

‟The energy sector and gas market are changing rapidly. The competencies of Enegia’s experts will diversify and strengthen Gasum’s service mix. The acquisition will enable us to offer more comprehensive services to our current customers and lead the way in the energy sector,” says Gasum CEO Johanna Lamminen

For further information please contact:

Kalle Ahlstedt, Managing Director, Enegia Group Oy
Phone: +358 50 453 3507, firstname.surname(a)enegia.com

Mikko Askolin, Vice President, Energy Market Services
Phone: +358 40 841 9462, firstname.surname(a)enegia.com

Jouni Haikarainen, Senior Vice President, Natural Gas, Gasum Ltd
Phone: +358 40 709 5690, firstname.surname(a)gasum.com

Enegia is one of the leading Nordic independent energy expert organizations for the energy industry. Over half of the 100 largest Finnish companies use Enegia’s services, and Enegia Group’s net sales in 2017 were €119.7 million. Enegia’s electricity trade volume is 15 TWh, corresponding to approximately one quarter of Finland’s electricity use. Enegia’s EnerKey is the leading energy data and energy process management system in the Nordic countries. The system is used by approximately 300 organizations to manage energy consumption information from 75,000 meters in 15,000 properties. Enegia is majority-owned by the Finnish private equity firm Vaaka Partners Oy. www.enegia.com

 The energy company Gasum is a Nordic gas sector expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. Gasum imports natural gas to Finland and promotes the circular economy by processing waste and producing biogas and recycled nutrients in Finland and Sweden. The company offers energy for heat and power production, industry as well as road and maritime transport. Gasum is the leading supplier of biogas in the Nordic countries. The company has a gas filling station network that also serves heavy-duty vehicles. The Gasum subsidiary Skangas is the leading liquefied natural gas (LNG) player in the Nordic market. The company continues to strengthen the position and infrastructure of LNG and supplies LNG to maritime transport, industry and heavy-duty vehicles in Finland, Sweden and Norway. www.gasum.com

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InfraRed acquires 40% stake in 228MW Australian onshore wind farm

InfraRed Capital Partners

18 Jun 2018

InfraRed Capital Partners has acquired a 40% stake in the Lal Lal Wind Farm, a 228MW greenfield onshore wind farm project in Australia. The investment makes InfraRed one of the largest shareholders in a consortium of investors.

Lal Lal will comprise 60 x 3.8MW Vestas turbines across two sites near Ballarat in the state of Victoria. Construction has started and the sites are expected to be fully operational in late 2019. The project will benefit from revenue offtake with two Australian industrials. Once fully operational, Lal Lal is expected to generate over 650GWh per annum, enough energy to power over 92,000 households.

Edward Hunt, Investment Director, Infrastructure, InfraRed states: “Lal Lal is an attractive opportunity to invest in a high-quality onshore project alongside experienced partners. It marks an important milestone for InfraRed’s global energy platform as we will be able to bring our experience in greenfield energy projects across the Americas and Europe to support the generation of clean energy in Australia.”

Sebastien Pochon, Director, Infrastructure, InfraRed adds: “InfraRed manages over 2GW of capacity worldwide. We have been investing in Australia since 2009 and are delighted to be expanding our offer here. We are proud of our role in facilitating global renewables growth and actively continue to pursue opportunities in low carbon generation, grid services and energy storage.”

 

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The Renewables Infrastructure Group Limited -Acquisition of Solwaybank onshore wind farm in the UK

InfraRed Capital Partners

18 Jun 2018

The Board of TRIG is pleased to announce that it has acquired an onshore wind farm in the UK, Solwaybank, located in Dumfries and Galloway, Scotland. Solwaybank is in the early stages of construction and expected to become operational in Q1 2020. Once complete, Solwaybank will comprise 15 Senvion MM100 wind turbines, each with a rated capacity of 2.0MW, amounting to 30MW.

Solwaybank will be one of few onshore wind farms in the UK to benefit from the attractive Contract for Difference tariff (“CfD”) which fixes the power price during the first 15 years of operations. Solwaybank has an allocated strike price of £82.50 per MWh in 2012 prices (equivalent to £91.14 in current prices).

The project was acquired from TRIG’s Operations Manager, RES, pursuant to TRIG’s right of first offer agreement. The total consideration for the project is expected to be approximately £82 million, including construction costs. Of this, £39 million was invested at acquisition, partly funded through a drawdown of the Group’s revolving acquisition facility which now stands at £134 million drawn. The project does not have any third-party project level debt.

Following this acquisition, TRIG’s construction exposure is 12% of its portfolio value, measured on a fully invested basis. By the year-end, this exposure is expected to reduce to c.7%.

The Investment Manager is evaluating a strong pipeline of investment opportunities for the Company in wind and solar assets in the UK, Ireland, France and Scandinavia.

Richard Crawford, Director, Infrastructure at InfraRed Capital Partners, said:

“Solwaybank is an important addition for the TRIG portfolio, being its first CfD wind farm in the UK. Together with the two French wind farms acquired last week, Solwaybank enhances the Company’s revenue visibility as part of a balanced portfolio. The windfarm is being constructed by RES who have an impressive track record in developing and building renewable energy assets.”

For the RNS issued by TRIG, please follow the link.

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Ardian Infrastructure sells Kallista Energy Investment to Boralex

Ardian

Paris, 20 April 2018 – Ardian, a world-leading private investment house, today announces the signature of an agreement to sell Kallista Energy Investment, a wind energy producer, in which Ardian holds a 100% stake through its third generation infrastructure fund, to Boralex, one of the leaders in the Canadian renewable energy market and the first independent wind energy company in France.

Renewable energy transactions represent around 50% of the M&A volume in the Infrastructure sector. Ardian has a strong presence in this sector with a portfolio of 1.4GW of production capacity built since 2006 via investments in France, Italy, Spain, Sweden, Norway, Peru, Chili and the US, in wind, solar, hydraulic, biogas and biomass projects. Among these investments, Kallista Energy Investment generates 163MW with a pipe of around 170 MW, which makes it one of the largest renewable platforms in France.

Following Ardian’s acquisition of the company in 2011, Kallista Energy Investment launched an ambitious development programme that led to doubling the size of the company. The Kallista platform also specializes in “repowering”, which consists of replacing old windmills with new, more powerful turbines and a more advanced technology, helping the company to better profit from the wind energy potential of these sites. As a result of this approach, Kallista is able to multiply energy production by two times or even more.

Frédéric Roche, President of Kallista Energy Investment, said: “We are particularly satisfied to have partnered with Ardian in the consolidation of the wind sector in France. We have developed a strong relationship with the Ardian team, which has brought invaluable support specifically in the execution of complex transactions. Looking ahead, we are fully confident in Boralex’s ability to build the next chapter of Kallista Energy Investment’s history.”

Mathias Burghardt, Head of Ardian Infrastructure, added: “Renewable energy, including wind, is an efficient, reliable and therefore increasingly important source of energy. We have a strong commitment to the energy renewable sector and we are continuously looking to renew, diversify and develop our renewable energy portfolio. Our plan is to pursue this development strategy, notably in the US, Latin America and Scandinavia.”

Amir Sharifi, Managing Director at Ardian Infrastructure, added: “We are very pleased with our partnership with Kallista Energy Investment, which led to doubling the size of the company. We believe that Kallistais now mature and has a strong basis to pursue further growth within Boralex.”

Following the transaction, Ardian will share with Kallista Energy Investment employees a portion of the value created during the holding period. Each employee will have a bonus representing at least one month of salary. Ardian has been a pioneer in its commitment to shared outcomes, and since 2008 has distributed over €21m to 9,000 employees in 18 portfolio companies.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 490 employees working from 13 offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of about 700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

www.ardian.com

ABOUT BORALEX

Boralex develops, builds and operates renewable energy power facilities in Canada, France, the United Kingdom and the United States.  A leader in the Canadian market and France’s largest independent producer of onshore wind power, the Corporation is recognized for its solid experience in optimizing its asset base in four power generation types  —windhydroelectricthermal and solar. Boralex ensures sustained growth by leveraging the expertise and diversification developed over the past 25 years. Boralex’s shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLXBLX.DB and BLX.DB.A respectively.
www.boralex.com or www.sedar.com

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Aibel is awarded a new contract for the Johan Sverdrup field

Ratos

This is information that Ratos AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07.15 CET on 5 April 2018.

Today Statoil has awarded Aibel a letter of intent for engineering, procurement and construction of the deck for a process platform on the Johan Sverdrup field. The final contract is expected to be signed later this year and has an estimated value of approximately NOK 8 billion.

The contract, which will be the largest in Aibel’s history and one of the largest individual contracts that has been awarded on the Norwegian continental shelf, includes engineering, procurement and fabrication (EPC) of a process platform (P2) in phase 2 of the Johan Sverdrup development. The platform will consist of three modules, from which two will be built at Aibel’s yard in Haugesund and the third module will be built at Aibel’s yard in Thailand. Work will start immediately while construction activities will commence in 2019. The finished platform deck at around 23,000 tons is scheduled for delivery to Statoil in 2022. The project will at its peak involve around 3,500 employees.

“It is very pleasing that Aibel has been awarded this major and important contract, which is proof of the company’s competence and competitiveness as well as the experience gained from the delivery of the Johan Sverdrup drilling platform”, says Ratos’s CEO Jonas Wiström.

Aibel is a leading service company for the oil and gas industry. The company is also established in renewable energy. Aibel has approximately 4,000 employees. Ratos’s holding in Aibel amounts to 32%.


For further information, please contact:
Jonas Wiström, CEO, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, +46 8 700 17 98

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Partners Group and OPTrust to invest in US-based Superior Pipeline Company

Partners Group

Partners Group, the global private markets investment manager, acting on behalf of its clients, and OPTrust, a Canadian pension fund, have agreed to acquire a 50% joint control stake in Superior Pipeline Company (“Superior” or “the Company”), a leading midstream energy infrastructure company in the US. The stake is being acquired from US energy firm Unit Corporation (“Unit”, NYSE: UNT), which will continue to hold the remainder of the equity, in a transaction that values Superior at USD 600 million.

Founded in 1996 and based in Tulsa, Oklahoma, Superior is a full-service midstream energy company providing services to producers for gas gathering, processing, treating, compression, dehydration, transportation and marketing of natural gas and natural gas liquids. Today, the Company owns and operates three natural gas treatment plants, 13 processing plants, 22 active gathering systems, and approximately 1,455 miles of pipeline across the US. The majority of its revenues are generated from long-term, fixed-fee contracts.

Following the investment, Partners Group and OPTrust, together with Unit, will work closely with Superior’s management team, led by Bob Parks, to grow its existing gathering systems and processing plants organically and to identify attractive acquisition targets to expand the platform.

Bob Parks, Founder and President of Superior, comments: “We are excited to welcome Partners Group and OPTrust on board and look forward to leveraging their proven track records of investment in the infrastructure sector. At Superior, we are committed to being the best midstream provider in the industry and are convinced our new partners share the entrepreneurial mindset that will allow us to achieve this goal.”

Todd Bright, Partner, Head of Private Infrastructure Americas, Partners Group, states: “We see compelling relative value in the US midstream segment, which is benefiting from the ongoing shale revolution. The US has become a net exporter of natural gas for the first time in 60 years, and there is a fundamental need for infrastructure that facilitates the delivery of that gas to end users. Superior is a proven provider of that infrastructure.”

Gavin Ingram, Global Head of Infrastructure, OPTrust, adds: “OPTrust is very pleased to be partnered with Unit and Partners Group in Superior. Superior’s strong management team, diversified asset base and attractive growth prospects make it an exciting investment opportunity. Superior is an excellent strategic fit within our existing portfolio of midstream investments, and we look forward to capitalizing on the growth opportunities ahead of us.”

Superior is the latest addition to Partners Group’s substantial portfolio of North American natural gas infrastructure assets. The firm’s most recent transactions include its investment in the construction of the Raven project, an ethylene to butene-1 processing facility to be located in Baytown, Texas, and the USD 240 million private placement of 10.75% Class A Convertible Preferred Units of NGL Energy Partners LP (NYSE: NGL), a diversified midstream energy company. In 2015, Partners Group acquired a joint control stake in Sentinel Energy Center, an 800 MW California-based natural gas-fired power generation facility, while in 2014, it acquired a majority stake in Fermaca, a leading provider of long-haul natural gas transportation infrastructure in Mexico and the US.

 

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Tieto acquires Petrostreamz to strengthen its position in the Upstream business of Oil & Gas

Viking venture

PetroStreamz, a Viking Venture portfolio company, is acquired by Tieto. 

Tieto has signed an agreement to acquire Petrostreamz, a rapidly growing provider of advanced software and services for integrated asset modeling (IAM) onshore and offshore. The acquisition further expands Tieto’s growing portfolio of advanced solutions and capabilities in the upstream business of oil and gas industry. Petrostreamz has 15 employees with offices in Houston, Dubai, Rio de Janeiro, London, Oslo and Trondheim.

Within the oil and gas industry, there is a clear agenda and a variety of initiatives on how to derive increased value from data. Over the last two decades, Tieto’s Energy Components (EC) has evolved extensively as more knowledge has been captured and new functional areas have been added to the product suite. Holding the official record of all production data in EC, Tieto is uniquely positioned and in continuous dialogue with its customers on how to increase the value from these data.

“This acquisition is a catalyst to our journey in becoming the leading supplier of Hydrocarbon Management Solutions, and will create significant added value for our existing customers within the oil and gas sector. Our ambition is to drive a compelling value proposition to customers in the industry, support their business renewal initiatives and create competitive advantages for them,” says Kaare Lunde, Vice President of Oil & Gas, Tieto.

Joining forces with Petrostreamz, Tieto is adding Pipe-It to its offering portfolio and stepping into the Integrated Asset Modeling (IAM) domain. Further, by combining Pipe-It and EC for optimization, forecasting and decision support, Tieto is capable of providing integrated Hydrocarbon Management (HCM) solutions based on the data already available in EC.

The two companies have already partnered on some key projects globally, and started seeing the business opportunities and synergies in how customers can receive value from joining forces.

Tieto has an ambition of helping businesses in finding the right balance between productivity and cost effectiveness, thus adding value in a competitive market. The solutions have become the industry standard for many of the world’s largest oil and gas companies, who benefit from our expert knowledge and pioneering software solutions for the industry.

Tieto Oil & Gas has today 330+ solution experts located in 12 offices around the globe. In addition to EC, Tieto Oil & Gas delivers solutions for personnel logistics for both oil and gas regional hubs and individual companies. Tieto has a growth agenda for its business within oil and gas, an agenda that includes both further market and customer acquisitions, business functional coverage and eco-system expansions.

For further information:

Aleksander Juell, Petrostreamz
Tel: +47 984 07 708, Email: aleks[at]petrostreamz.com

Kaare Lunde, Tieto Oil & Gas Solutions
Tel: +47 98 89 88 25, kaare.lunde[at]tieto.com

About Tieto
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com

About Petrostreamz
Petrostreamz AS is a software company with its origin in the advanced petroleum phase behavior (PVT) and streams technology developed at Petroleum Engineering Reservoir Analysts (PERA AS) since 1988. Their flagship product, Pipe-It, which was formally launched in 2011 has been providing the oil and gas industry unprecedented capability to build complex Integrated Asset Models (IAM). They have implemented solutions for assets ranging from 1 to 3000 + wells. www.petrostreamz.com

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