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MidOcean Energy to Acquire Additional 15% Interest in Peru LNG from Hunt Oil Company

Sep 16, 2024over 1 year ago

Contract Type

partnership

Description

MidOcean Energy, managed by EIG, has entered into a definitive agreement to acquire an additional 15% interest in Peru LNG from Hunt Oil Company. Following the transaction, MidOcean’s interest in PLNG will increase from 20% to 35%, with funding entirely provided by Aramco.

Company Information

Company

MidOcean Partners

About

MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.

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Predictive Intelligence
Strategic

ML-powered predictions for MidOcean Partners's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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