Wren House to buy North Sea Midstream Partners
Published by Elizabeth Corner,
Senior Editor
91天堂原創 Pipelines,
Infrastructure fund Wren House has agreed to buy oil and gas pipeline firm North Sea Midstream Partners (NSMP) for £1.3 billion (US$1.7 billion) from ArcLight Capital, reports .
Wren House, the London-based infrastructure investment arm of Kuwait’s sovereign wealth fund, KIA, fought off bids from JP Morgan, Blackstone, and private equity fund KKR to buy NSMP, according to .
“Wren House was bidding against some very big players and they simply offered the best terms,” said the source.
Wren House is headed by Hakim Drissi Kaitouni, a former investment banker who worked at Bank of America Merrill Lynch in London and New York. Bank of America Merrill Lynch advised ArcLight on the transaction. Freshfields Bruckhaus Deringer was its legal adviser. Wren House was advised by Jefferies and Macquarie Capital. Its legal advisor was Slaughter and May.
Read the article online at: /business-news/23072018/wren-house-to-buy-north-sea-midstream-partners/
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