据世界管道2月23日报道，金德摩根公司（Kinder Morgan，Inc.即KMI）和布鲁克菲尔德基础建设公司（Brookfield Infrastructure Partners L.P.）联合宣布，他们已同意将美国天然气管道有限责任公司(NGPL)25%的少数股权以8.3亿美元出售给由美国私募股权公司弧光资本（Arc Light Capital Partners，LLC)控制的一支基金。
收益将由KMI和Brookfield基础设施平均分配。 少数股权的价值意味着NGPL的企业价值约为52亿美元，约为2020年EBITDA的11.2倍。 交易完成后，KMI和Brookfield Infrastructure将分别持有NGPL 37.5％的权益，KMI将继续运营该管道。
在此次交易中，NGPL由加拿大皇家银行资本市场(RBC Capital Markets)担任独家财务顾问，King &Spalding担任法律顾问。巴克莱曾担任ArcLight的独家财务顾问，并承诺为ArcLight提供债务融资以支持交易。Latham & Watkins LLP担任ArcLight的法律顾问。该交易预计将于2021年第一季度完成。
郝芬 译自 世界管道
Kinder Morgan and Brookfield Infrastructure sell NGPL interest
Kinder Morgan, Inc. and Brookfield Infrastructure Partners L.P. have jointly announced that they have agreed to sell a 25% minority interest in Natural Gas Pipeline Company of America LLC (NGPL) to a fund controlled by ArcLight Capital Partners, LLC (ArcLight) for US$830 million. The proceeds will be shared equally between KMI and Brookfield Infrastructure. The value of the minority interest implies an enterprise value of approximately US$5.2 billion for NGPL, which is approximately 11.2 times 2020 EBITDA. Upon closing, KMI and Brookfield Infrastructure will each hold a 37.5% interest in NGPL, and KMI will continue to operate the pipeline.
“Kinder Morgan and Brookfield Infrastructure are pleased to welcome ArcLight into the NGPL joint venture,” said Kinder Morgan Natural Gas Pipelines President Tom Martin. “We believe this investment shows the value of natural gas infrastructure both today and in the decades to come.”
For this transaction, NGPL is served by RBC Capital Markets as the exclusive financial adviser and King and Spalding as the legal advisor. Barclays served as the exclusive financial advisor to ArcLight and has provided a committed debt financing to ArcLight to support the transaction. Latham & Watkins LLP served as legal advisor to ArcLight. The transaction is expected to close in the first quarter of 2021.
NGPL is the largest transporter of natural gas into the high-demand Chicago-area market as well as one of the largest interstate pipeline systems in the US. It is also a major transporter of natural gas to large liquefied natural gas (LNG) export facilities and other markets located on the Texas and Louisiana Gulf Coast, US. NGPL has approximately 9100 miles of pipeline, more than 1 million compression horsepower and 288 billion ft3 of working natural gas storage. NGPL provides its customers access to all major natural gas supply basins directly and through its numerous interconnects with intrastate and interstate pipeline systems.