Navitas Midstream Partners announces investment of up to $500m led by Warburg Pincus

On 5 June 2014 Navitas Midstream Partners, a producer-focused midstream company, announced that an affiliate of Warburg Pincus, a global private equity firm focused on growth investing, has agreed to lead a line-of-equity investment of up to US$500 million in the company.

Warburg Pincus is joined by members of the management team and other individuals in this investment. Navitas seeks to develop, acquire, and operate midstream assets across multiple basins in North America.

In Seon Hwang, Managing Director at Warburg Pincus, stated:

We are pleased to partner with Navitas’ best-in-class management team and to leverage their industry leadership and successful track record to build a business of scale. With our producer-focused, long-term orientation to develop and operate assets, we believe Navitas is well-positioned to become a leading player in the North American midstream landscape.

Navitas Midstream Partners is a producer-focused midstream company. The senior management team has more than 80 years of combined experience and execution of more than $10 billion of capital projects and $2 billion of acquisitions.

Warburg Pincus LLC has more than $37 billion in assets under management. The firm’s active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 13 private equity funds, which have invested more than $48 billion in over 700 companies in more than 35 countries.