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NuStar $1.48 billion acquisition of Navigator Energy

11/4/2017
Public acquisition
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$ 1.48 billion

Announced

11/4/2017

Overview:

  • NuStar has acquired Navigator Energy in a $1.48 billion deal.
  • The purchase provides NuStar with terminal and pipeline operations in the Permian Basin.
  • Navigator was sold by First Reserve Energy Infrastructure Fund.
  • UBS Investment Bank acted as financial adviser for NuStar and Deutsche Bank Securities acted for Navigator.
  • The transaction is expected to close in May 2017. 

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:
Hunton Andrews Kurth

Party: NuStar (Acquirer)

Simpson Thacher & Bartlett

Party: Navigator Energy (Target)

Lawyers: Christopher May, James Cross, Matthew Einbinder

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