Highbridge J.V. Sells Natural Gas Assets For $1.95B

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."


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note