NEWS

Discovery Midstream Holdings II LLC Secures $1.0 Billion Initial Equity Commitment from Stonepeak Infrastructure Partners

DALLAS, January 7, 2019 /PRNewswire/ — Discovery Midstream Holdings II, LLC (“Discovery”), a producer-focused midstream company, announced today that it has received an initial equity commitment of up to $1.0 billion from Stonepeak Infrastructure Partners (“Stonepeak”), an infrastructure-focused private equity firm, to pursue a suite of North American midstream opportunities. Headquartered in Dallas, Texas, Discovery is led by…

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TPG Growth Agrees to Sell Discovery Midstream to KKR and Williams

https://www.businesswire.com/news/home/20180730005307/en/TPG-Growth-Agrees-Sell-Discovery-Midstream-KKR July 30, 2018 07:01 AM Eastern Daylight Time SAN FRANCISCO & FORT WORTH, Texas–(BUSINESS WIRE)–TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, announced today it has signed a definitive agreement to sell Discovery Midstream (“Discovery”) to a newly-formed joint venture between KKR and Williams (NYSE: WMB) for approximately…

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KKR and Williams to Acquire Discovery Midstream for $1.2 Billion

https://www.businesswire.com/news/home/20180730005197/en/KKR-Williams-Acquire-Discovery-Midstream-1.2-Billion July 30, 2018 07:00 AM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–KKR today announced that it has entered into an agreement to acquire Discovery Midstream (“Discovery”) from TPG Growth for approximately $1.2 billion. KKR is acquiring the provider of natural gas and oil gathering and natural gas processing services company through a newly formed joint venture…

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