SLIDESHOW

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

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Today's Transactions:
Global Partners Buys Ethanol Facility for $95M

The deal comes amid many in the energy sector, including Global’s capturing a majority interest in Basin Transload

Global Partners LP (NYSE: GLP) will acquire a crude oil and ethanol facility from Cascade Kelly Holdings LLC for about $95 million.

The facility is located near Portland, Ore., in Clatskanie, Ore. The deal includes a rail facility, 200,000 barrels of storage capacity, a deepwater marine terminal, a dock and an ethanol plant.

The deal will allow Global to supply oil and ethanol to refiners and customers on the west coast.

Waltham, Mass.-based Global owns refined-petroleum products and renewable fuel networks in the Northeast. The company transports products, such as gasoline, from the mid-continent region to the east coast.

Global currently expects to close on its $80 million deal for a 60 percent interest in Basin Transload LLC by the end of the quarter. To finance the acquisitions, the company arranged a $115 million increase in its bank credit facility and has secured a senior unsecured five-year note of up to $70 million from funds managed by GSO Capital Partners LP, the credit arm of the Blackstone Group LP. Basin Transload operates two transloading facilities in North Dakota.

The deal is one of many in the hot energy M&A market. Recently, Frontier Energy Group LLC purchased Canary Wellhead, and Vermillion REP SAS closed a deal for ZaZa Energy Corp.’s (Nasdaq: ZAZA) French assets.

For more, see “Fracking Fuels Energy Deals” and “Special Report: Energy M&A on Fire in December.”

 

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