Tuesday, 28 April 2015
Last updated 1 hour ago
Mar 23 2011 | 11:18am ET
Highbridge Capital Management's joint energy venture with Louis Dreyfus Group has sold a set of energy assets for $1.95 billion.
The cash deal will see a pipeline and natural-gas storage and processing plants transferred to Energy Transfer Partners and Regency Energy Partners. The assets are in Texas, Mississippi and Louisiana.
Louis Dreyfus Highbridge was formed in 2007 when Highbridge bought a $1 billion stake in Louis Dreyfus ES Holdings. The firm is based in Wilton, Conn., up the road from Highbridge's New York headquarters.
"We see a number of exciting growth opportunities for these assets, which will allow both partnerships to compete in a new business platform of the midstream value chain, add downstream capabilities and capitalize on favorable N.G.L. market fundamentals," Regency CEO Mike Bradley said. "In addition, we anticipate that Louis Dreyfus will remain an important customer."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…