TGE: Take-Private Bid Highlights Continued Private Equity Interest in Midstream
Tallgrass Energy (TGE) announced last night that it received a take-private bid from its private equity sponsor, Blackstone Infrastructure Partners, for $19.50 per share – a 35.9% premium to TGE’s...
2019 Midstream Mid-Year Update Video
In this mid-year video update, we recap midstream’s strong start to 2019 and discuss what may be in store for this summer. Before you head out for vacation, watch this short video (only 3 minutes!)...
BPL: What does Buckeye’s Buyout Mean for MLPs and Midstream?
Buckeye Partners (BPL) announced this morning that it has agreed to be acquired by IFM Investors for $41.50 per unit – a 27.5% premium to BPL’s closing price yesterday. In this post, we discuss the...
Why Yesteryear’s Valuation Metrics Aren’t Sufficient for Today’s MLP
MLPs have become more total-return focused than in the past, making yield-focused valuation metrics less meaningful and causing a shift in the investor base. This piece explores historical valuation...