Your Portal for Key Energy Information and Research

Stonepeak Infrastructure Partners

Company Summary

Description

Stonepeak Infrastructure Partners is a North America focused private equity firm with a conservative yet opportunistic approach to infrastructure investing. Stonepeak invests in businesses comprised of hard assets with leading market positions primarily in the following sectors: Energy, Power & Renewables, Transportation, Utilities, Water & Communications. Stonepeak, founded in 2011 and headquartered in New York, manages $5.7 billion of capital for its investors.

Website

https://stonepeakpartners.com/about-us/

Related Entities

Recent news

  • 2/22/2024 - Stonepeak to Acquire 50%... (subscriber access)
  • 10/4/2023 - Keyera Completes 350... (subscriber access)
  • 4/27/2023 - Stonepeak Closes on... (subscriber access)
  • 8/16/2022 - Partners on the Whistler... (subscriber access)
  • 1/27/2022 - Whistler Pipeline Adding... (subscriber access)

Company Transactions

Date: 12/31/2021
Type: Joint Venture

BUYERS:
  • Stonepeak Infrastructure Partners
    • SELLERS:
  • Seapeak LLC
    • DETAILS:

    COST: 6.2 $B

    NOTES:
    Stonepeak has entered into a deal to acquire Teekay LNG via a merger agreement, whereby Stonepeak will buy all issued and outstanding shares of Teekay for an enterprise value of $6.2 billion. That total includes net debt and $1.5 billion in common unit equity value.
    REGIONS:
  • International

    • Date: 4/16/2021
    Type: Acquisition

    BUYERS:
  • New Fortress Energy
    • SELLERS:
  • Hygo Energy Transition
  • Golar LNG Ltd.
  • Golar LNG Partners LP
  • Stonepeak Infrastructure Partners
    • DETAILS:

    COST: 5 $B

    NOTES:
    Golar LNG Limited and Stonepeak Infrastructure Partners have signed a deal to sell and merge a 100% stake in Hygo Energy Transmission to New Fortress Energy. New Fortress will acquire all outstanding shares of Hygo for $580 million in cash and 31.4 million shares of their own stock, giving Hygo an enterprise value of $3.1 billion and an equity value of $2.18 billion. Golar LNG, for their 50% stake, will receive 18.6 million NFE shares and $50 million in cash while Stonepeak is given 12.7 million shares and $530 million in cash. Closing is targeted for the first half of 2021. Additionally, NFE will acquire 100% of the common units and general partner units of Golar LNG Partners at $3.55/unit. That marks a $1.9 billion enterprise value and a $251 million equity value.
    REGIONS:
  • South America
  • International

    • Date: 8/7/2019
    Type: Acquisition

    BUYERS:
  • Qatar Investment Authority (QIA)
    • SELLERS:
  • Stonepeak Infrastructure Partners
  • Oryx Midstream Services II, LLC
    • DETAILS:

    COST: 550 $MM

    NOTES:
    Qatar Investment Authority has acquired a stake in Oryx Midstream Services from Stonepeak Infrastructure Partners for $550 million.
    REGIONS:
  • Permian Basin

    • Date: 6/30/2019
    Type: Acquisition

    BUYERS:
  • Stonepeak Infrastructure Partners
    • SELLERS:
  • Concho Resources, Inc.
  • Oryx Southern Delaware Oil Gathering and Transport LLC
  • Quantum Energy Partners
  • Post Oak Energy Capital
    • DETAILS:

    COST: 3.6 $B

    NOTES:
    Affiliates of Quantum Energy Partners, Post Oak Energy Capital, and Concho Resources entered into a binding agreement to sell substantially all of the assets of Oryx Southern Delaware Holdings to funds managed by Stonepeak Infrastructure Partners for a price of roughly $3.6 billion.
    REGIONS:
  • Delaware Basin

    • Date: 6/30/2019
    Type: Acquisition

    BUYERS:
  • Stonepeak Infrastructure Partners
    • SELLERS:
  • Concho Resources, Inc.
  • Oryx Southern Delaware Oil Gathering and Transport LLC
    • DETAILS:

    COST: 300 $MM

    NOTES:
    Orynx Southern Delaware Holdings entered into an agreement to sell 100% of the equity interests in its subsidiaries to Stonepeak Infrastructure Partners for $2.07 billion. Concho Resources owns a 23.75% equity interest in Oryx and will receive roughly $300 million at closing after repayment of Oryx's outstanding borrowings. The transaction is anticipated to close in 2Q19.