Wren House Infrastructure Management’s acquisition of ArcLight’s interest in North Sea Midstream Partners

Freshfields Bruckhaus Deringer is advising ArcLight Capital Partners in relation to the sale of North Sea Midstream Partners Limited to Wren House Infrastructure Management.

Established in 2012, NSMP is an independent North Sea midstream business with four large scale natural gas transportation and processing assets in and around the North Sea.

The company holds interests in these assets, which form an important part of gas infrastructure in the UK.

It serves both the UK and Norwegian sectors of the North Sea, processing around 25% of UK natural gas.

The deal covers a 67% operated interest in the Shetland Island Regional Gas Export System pipeline (SIRGE), 100% operated interest in the Frigg UK pipeline (FUKA) along with 100% operated interest in the associated St. Fergus Gas Terminal (SFGT) the Teesside Gas Processing Plant (TGPP).

The companies have not disclosed the terms of the transaction.

The deal, which is subject to the receipt of customary merger clearance, is slated for completion this year.

BofA Merrill Lynch acted as exclusive financial adviser to ArcLight and Freshfields Bruckhaus Deringer LLP acted as its legal adviser.

Jefferies and Macquarie Capital acted as financial advisers to Wren House and Slaughter and May acted as its legal adviser.

The Freshfields team is being led by Sam Newhouse (Co-Head of Natural Resources, in picture) and Richard Thexton (Co-Head of Infrastructure Investors).

Involved fees earner: Richard Thexton – Freshfields Bruckhaus Deringer LLP; Samuel Newhouse – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: ArcLight Capital Partners, LLC;