M&AEnergy & RenewablesCLOSED
ECP closes $834m continuation vehicle for alkylation producer Next Wave
Value
$834M
Acquirer
ECP
Target
Next Wave Energy Partners
Energy Capital Partners (ECP) has closed an $834 million continuation vehicle for Next Wave Energy Partners, an alkylation producer. Next Wave operates a stand-alone alkylation complex in Pasadena, Texas.
✦ Meridian Analysis
This is a secondary market transaction involving a continuation fund, allowing existing investors to realize liquidity while new investors provide capital for the continued ownership of the asset. It's a common strategy in private equity.
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