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Blackstone – Acquisition of midstream energy company in the USA

Blackstone Infrastructure Partners has invested in the midstream energy company from its open ended fund. Under the agreement, Blackstone would acquire 100% of the interests in Tallgrass’s general partner and a 44% economic interest in Tallgrass from affiliates of Kelso & Co., The Energy & Minerals Group and certain members of Tallgrass management. Tallgrass is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, and gathering and processing assets. Financial details of the transaction have not been disclosed.