On September 27, 2018, Magnolia Infrastructure Holdings, LLC, a subsidiary of ArcLight Energy Partners Fund V, L.P., delivered a non-binding offer to the board of directors of the general partner of American Midstream Partners, LP to acquire all of the issued and outstanding publicly held Common Units of the Issuer that are not owned by AMID Acquisition or its affiliates in exchange for $6.10 in cash for each such Common Unit.
There can be no assurance that any discussions that may occur between AMID Acquisition and the Issuer with respect to the offer contained in the Offer Letter will result in the entry into a definitive agreement concerning a transaction or, if such a definitive agreement is reached, will result in the consummation of a transaction provided for in such definitive agreement. Entry into a definitive agreement concerning a transaction and the consummation of any such transaction is subject to a number of contingencies that are beyond the control of AMID Acquisition, including the satisfactory completion of due diligence, the approval of the conflicts committee of the board of directors of American Midstream GP, LLC, the general partner of the Issuer, the approval by holders of a majority of the outstanding Common Units of the Issuer, and the satisfaction of any conditions to the consummation of a transaction set forth in any such definitive agreement.
About ArcLight
ArcLight is one of the leading private equity firms focused on energy infrastructure investments. Founded in 2001, the firm helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. ArcLight has invested over $20 billion in over 100 transactions since inception. Based in Boston, the firm's investment team employs a hands-on value creation strategy that utilizes its in-house technical, operational, and commercial specialists as well as the firm's 850-person asset management affiliate. More information about ArcLight, and a complete list of ArcLight's portfolio companies, can be found at www.arclightcapital.com.
