Howard Midstream Energy Partners LLC (Howard Energy Partners or HEP) reports that investment funds managed by Alinda Capital Partners have acquired a 59% capital unit interest in HEP.
The 59% interest in HEP acquired by Alinda represents the ownership previously held by Quanta Capital Solutions Inc., a subsidiary of Quanta Services Inc., GE Energy Financial Services, Clear Springs Energy LLC, and other minority interest holders. Post-closing, Crosstex Energy LP (NASDAQ: XTEX) will retain its 31% ownership of the outstanding capital units in HEP, with the remaining capital units owned by management and other minority interest holders.
Alinda is an infrastructure investment firm with over $7.8 billion in equity commitments. Tudor, Pickering, Holt & Co. acted as exclusive financial advisor to HEP in the transaction.