A consortium led by I Squared Capital is considering buying Matterhorn Express Pipeline in a deal that would value the Texas natural gas conduit at about $5 billion including debt, according to people familiar with the matter.
I Squared and co-investors including Enbridge Inc. have been in talks to buy a majority stake in Matterhorn, said the people, who asked to not be identified because the information is private.
First Infrastructure Capital Advisors, MPLX LP and Enlink Midstream LLC would remain investors in Matterhorn, while Devon Energy Corp. and Ridgemont Partners Management would exit, the people said. FIC and ...
