|
|
Article: Global Infrastructure's Energy JV.(News)
- Article from:
- Mergers & Acquisitions Report
- Article date:
- September 28, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Avram Davis
New York City headquartered private equity firm Global Infrastructure Partners launched a joint venture agreement with Chesapeake Energy Corp., in which Chesapeake Energy will fold some of its assets into the new entity, Chesapeake Midstream Partners.
Each of the companies will own a 50% stake in Chesapeake Midstream, and the buyout firm will pay Chesapeake Energy $588 million in cash for the portion of its midstream assets that is being folded into the venture. The assets include most of its midstream assets in the Barnett Shale and over half of Chesapeake Energy's non-shale midstream assets in the Arkoma, Anadarko, Delaware and ...