石油设备网讯 据管道新闻5月13日消息称，IFM投资公司和Buckeye管道公司宣布了一项最终协议，根据协议，IFM全球基础设施基金将以每单位41.50美元的价格收购所有未偿付的Buckeye公共事业单位。全现金交易的企业价值103亿美元，股权价值65亿美元。
此次收购价格较Buckeye 2019年5月9日的收盘价溢价27.5%，较其2018年11月1日以来的成交量加权平均单价溢价31.9%，2018年11月1日是Buckeye宣布某些战略行动前的最后一个交易日。Buckeye董事会一致通过了与IFM的拟议交易。完成合并将须经Buckeye多数股股东的批准、某些监管部门的批准以及其他惯常的完成条件。
Buckeye拥有并运营着全球最大的综合中游资产多元化网络之一，包括6000英里长的管道、100多个交货地点和115个液化石油产品终端，总储罐容量超过1.18亿桶。它的海上码头网络主要位于美国东海岸和墨西哥湾沿岸地区，以及加勒比地区。
IFM是代表全球机构投资者进行基础设施投资的先驱和领导者，拥有23年的成功记录。IFM管理着900亿美元的资产，其中包括391亿美元的基础设施投资，代表370多家机构投资者进行管理，并采取长期投资方式，没有预先确定的时间剥离期。IFM以发达市场的核心基础设施为目标，目前在北美、澳大利亚和欧洲拥有32项投资，包括几项中游资产。
IFM北美基础设施负责人Julio Garcia表示：“此次收购与IFM的重点一致，即投资于高质量、必要的基础设施资产，这些资产支撑着它们所在的经济体。” IFM执行董事Jamie Cemm表示：“我们很高兴有机会将Buckeye业务和管理团队纳入IFM旗下。”
“对Buckeye的拟议收购，是IFM在北美乃至全球能源基础设施领域大举投资的补充。我们期待着支持业务的持续增长。”
Buckeye董事长、总裁兼首席执行官Clark C. Smith表示：“BBuckeye董事会最近对该公司的战略选择进行了评估，认为IFM收购Buckeye的提议最符合Buckeye的利益。拟议的交易将为我们的单位信托公司投资人提供即时和增值、具有吸引力的溢价，加速长期回报并代表我们业务的潜在价值。此外，拟议的交易将为Buckeye提供更好的资本渠道，以执行其长期业务战略。”
曹海斌 摘译自 管道新闻
原文如下：
Buckeye Partners, L.P. agrees to be acquired by IFM investors
IFM Investors and Buckeye Partners, L.P. has announced a definitive agreement under which the IFM Global Infrastructure Fund will acquire all of the outstanding public common units of Buckeye for US$41.50 per common unit. The all-cash transaction is valued at US$10.3 billion enterprise value and US$6.5 billion equity value.
The acquisition price represents a 27.5% premium to Buckeye’s closing unit price on 9 May 2019 and a 31.9% premium to Buckeye’s volume-weighted average unit price since 1 November 2018, which is the last trading day prior to Buckeye’s announcement of certain strategic actions. Buckeye’s Board of Directors unanimously approved the proposed transaction with IFM. The closing of the merger will be subject to approval of a majority of the Buckeye unit holders, certain regulatory approvals and other customary closing conditions.
Buckeye owns and operates one of the largest diversified networks of integrated midstream assets, including 6000 miles of pipeline with over 100 delivery locations and 115 liquid petroleum products terminals with aggregate tank capacity of over 118 million bbls. Its network of marine terminals is located primarily in the East Coast and Gulf Coast regions of the United States, as well as in the Caribbean.
IFM is a pioneer and leader in infrastructure investing on behalf of institutional investors globally, with a 23-year track record of success. IFM has US$90 billion of assets under management, including US$39.1 billion in infrastructure, which it manages on behalf of more than 370 institutional investors, and takes a long-term approach to investing, with no pre-determined time divestiture horizon. IFM targets core infrastructure in developed markets and currently has interests in 32 investments across North America, Australia and Europe, including several midstream assets.
“This acquisition is aligned with IFM’s focus on investing in high quality, essential infrastructure assets that underpin the economies in which they operate,” said Julio Garcia, Head of Infrastructure, North America of IFM. “We are pleased to have the opportunity to bring the Buckeye business and management team under the IFM umbrella,” said Jamie Cemm, Executive Director of IFM.
“The proposed acquisition of Buckeye is a complementary addition to IFM’s substantial investments in energy infrastructure across North America and globally. We look forward to supporting the continuing growth of the business.”
“Buckeye’s Board of Directors recently reviewed strategic options for the business and determined that IFM’s proposal to acquire Buckeye is in the best interest of Buckeye,” said Clark C. Smith, Chairman, President and Chief Executive Officer of Buckeye. “The proposed transaction will provide immediate and enhanced value for our unitholders with an attractive premium that accelerates long-term returns and represents the underlying value of our business. In addition, the proposed transaction will provide Buckeye with superior access to capital to execute on its long-term business strategy.”
