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Access here alternative investment news about |  Pe-backed Zenith Closes Arc Logistics Acquisition
Private Equity

| Pe-backed Zenith Closes Arc Logistics Acquisition

by pehub.com posted 8months ago 111 views
Zenith Energy U.S. LP, which is backed by Warburg Pincus and Kelso, has closed its previously announced acquisition of Arc Logistics, a limited partnership that owns, operates, develops and acquires energy logistics assets,. No financial terms were disclosed; however, a previous report of this transaction pegged the amount at $16.50 per share. Zenith is using a portion of its $625 million line of equity led by Warburg Pincus and Kelso to finance the transaction. Barclays and Credit Suisse served as financial advisers to Zenith on the deal.