M&As this week: American Midstream Partners, Petrobras, Delek US Holdings

American Midstream Partners has completed the acquisition of 100% stake in Trans-Union Interstate Pipeline from the affiliates of ArcLight Capital Partners.

The transaction involved a purchase consideration of approximately $48m, which was funded by the company through a combination of cash and non-recourse debt.

Trans-Union owns a 42 mile-long, 30in diameter natural gas interstate pipeline with a transfer capacity of 546,000 million metric british thermal units (Mmbtu) a day.

Thompson & Knight was the legal advisor to the conflicts committee of American Midstream.

The transaction allows American Midstream to expand its natural gas infrastructure in the US.

Petroleo Brasileiro (Petrobras), Banco BTG Pactual and Helios Investment Partners plan to dispose 100% stake in Petrobras Oil and Gas B.V. (POGBV).

POGBV is a joint venture between Petrobras (50%), Banco BTG (40%), and Helios Investment (10%). It holds a 16% stake in Akpo field, an 8% interest in the Agbami field, and interests in the Egina field and Preowei discovery.

Petrobras has appointed The Bank of Nova Scotia as financial advisor for the transaction, while Evercore is the financial advisor to BTG Pactual and Helios Investment.

Delek US Holdings has agreed to acquire the remaining 18.4% stake in Alon USA Partners, for a purchase consideration of $160.45m.

The transaction will involve the transfer of Delek US shares to the shareholders of Alon USA at a ratio of 0.49:1.

Alon USA owns and operates a crude oil refinery located in Big Spring, Texas, which has a production capacity of 73,000 barrels a day.

Delek US has appointed Barclays as financial advisor, and Baker Botts and Morris Nichols, Arsht & Tunnell (MNAT) as legal advisors for the transaction.

Scheduled for completion in the first quarter of 2018, the transaction will allow Delek US to fortify its business operations.

Petro River Oil has paid $2.7m for the acquisition of a 46.81% interest in Bandolier Energy from Pearsonia West Investments.

The purchase consideration was funded by the company through the issuance of 1.46 million shares to the members of Pearsonia West Investments.

Bandolier Energy owns an oil and gas concession located in north-eastern Oklahoma, US. The concession includes S. Blackland and W. Blackland fields extending over an area of approximately 106,500 acres in Osage County.

The transaction allows Petro River to expand its operations in Oklahoma.

WAM Capital intends to buy all the shares of Molopo Energy for an estimated value of $32.62m. The transaction will involve the payment of $0.135 a share to Molopo energy’s shareholders.

Molopo Energy is engaged in the exploration and production of oil and gas.

The transaction will allow WAM Capital to extend its investment portfolio.