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KKR considers $3bn sale of machinery maker Kito Crosby. (FS)
Oak Hill and OneIM strike $5bn private credit partnership. (FS)
Goldman Sachs looks to raise $2bn for first APAC-focused PE fund. (FS)
Energy Transfer , which owns and operates one of the largest and most diversified portfolios of energy assets in the United States, completed the acquisition of WTG Midstream, a privately held midstream company headquartered in Midland, Texas, from Stonepeak , the Davis Estate and Diamondback Energy for $3.25bn.
The acquired assets add approximately 6k miles of complementary gas gathering pipelines that extend Energy Transfer's network in the Midland Basin. Also, as part of the transaction, the Partnership added eight gas processing plants with a total capacity of approximately 1.3 Bcf/d, and two additional processing plants which are under construction.
Energy Transfer was advised by RBC Capital Markets and Vinson & Elkins (led by Lande Spottswood ). WTG Midstream was advised by Jefferies and Sidley Austin LLP (led by Tim Chandler , Jeremy Pettit , Chanse Barnes , Jack Zeringue , Ellen Heighten , and Alex Thompson).?Diamondback was advised by Akin Gump Strauss Hauer & Feld LLP (led by John Goodgame ).
Blue Owl Capital , an American alternative investment asset management company, agreed to acquire Atalaya Capital Management , a privately held, SEC-registered, alternative asset manager, for $800m.
"The acquisition of Atalaya adds adjacent and scaled alternative credit capabilities that complement Blue Owl's leading position in direct lending. Atalaya was an early pioneer in private asset-based finance. They have created a robust business with highly differentiated sourcing and underwriting expertise and have demonstrated a strong track record across market cycles. Atalaya significantly expands Blue Owl's alternative credit offerings and delivers a more robust suite of financing solutions to our stakeholders," Doug Ostrover and Marc Lipschultz, Blue Owl Co-CEOs.
Atalaya Capital Management is advised by 瑞穗实业银行 , RBC Capital Markets , Truist Securities and Cravath, Swaine & Moore LLP . Blue Owl is advised by 花旗 , MUFG , SMBC Nikko Securities Inc. , 富国银行 and Kirkland & Ellis .
KKR considers $3bn sale of machinery maker Kito Crosby. (FS)
KKR is considering options for Kito Crosby including a sale and is working with an adviser to run an auction process for the machinery maker. The investment firm is seeking a valuation of around $3bn for Kito, Bloomberg reported.?
The company generates about $250m in EBITDA and is expected to be valued at as much as 13 times that.
Oak Hill and OneIM strike $5bn private credit partnership. (FS)
Private credit firms Oak Hill Advisors, L.P. and One Investment Management are joining forces in the latest tie-up between fund managers looking to cash in on the $1.7tn market, Bloomberg reported.
Both firms will contribute to the new venture, jointly earmarking up to $5bn of pre-raised investible capital. The new fund will invest in upper mid-market and large European companies by providing loans including first-lien and unitranches.
Goldman Sachs looks to raise $2bn for first APAC-focused PE fund. (FS)
高盛 aims to raise $2bn in its first Asia Pacific-focused private equity fund as it looks to deepen exposure to some of the world's fastest-growing economies,?DealStreetAsia?reported.
The fundraising effort comes amid changing investment strategies and allocations by private equity firms in Asia due to geopolitical tensions, higher interest rates, and market volatility.
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