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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Energy: Samchully Buys Stake in Gas Plant for $170M

The deal follows other energy-sector M&A transactions made by Sinochem and Kinder Morgan

Samchully Asset Management Co. Ltd has completed a deal for a 34 percent stake in the Neptune Gas Processing Plant in Louisiana for $170 million.

The plant, based in St. Mary Parish, La., was owned by Marathon Oil Co., a subsidiary of Houston-based Marathon Oil Corp. (NYSE: MRO). Neptune is a natural gas processing plant operated by Enterprise Gas Processing LLC, the company that owns the other 66 percent. The plant provides processing services for gas pipeline systems, including TransCanada Offshore, Acadian, Columbia Gulf Transmission Nautilus and Sea Robin East.

Samchully is a Korean investment firm that focuses on investing in the energy sector. It is the investment arm of the Samchully Group, which distributes gas, heating and electricity in Korea.

The deal comes amid many in the energy sector, including Sinochem Petroleum USA LLC’s agreement to buy 40 percent of Pioneer Natural Resources Co.’s interest in the Wolfcamp Shale play for $1.7 billion, and Kinder Morgan Energy Partners LP (NYSE: KMP)’s deal to buy Copano Energy LLC (Nasdaq: CPNO) for about $5 billion.

 

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