© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Antin Infrastructure to Buy BP’s stake in Central Area Transmission System
Posted 14th May 2015

Antin Infrastructure to Buy BP’s stake in Central Area Transmission System

Antin Infrastructure to Buy BP’s stake in Central Area Transmission System

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Antin Infrastructure to Buy BP’s stake in Central Area Transmission System

Antin Infrastructure to Buy BP’s stake in Central Area Transmission System

View Biography
Image

View Biography
Image

Ian Whitlock / Derek Leith, Financial Due Diligence Provider to Antin Infrastructure

Desmond Wilkins, Financial Due Diligence Provider to CATS

Antin Infrastructure Partners (‘Antin IP’) has today announced that it has agreed to increase its stake in the Central Area Transmission System (CATS). Antin IP will acquire BP’s 36.22% share of the CATS system and will own 99% of the business, subject to the receipt of regulatory and other third party approvals. The investment will follow Antin IP’s acquisition of a 62.78% stake in CATS in July 2014.

The CATS system transports gas through 404km of pipeline between the Central North Sea area and Teesside in the UK which is then processed on behalf of major North Sea gas producers. The North Sea is one of the most important and prolific oil and gas provinces in the world. The CATS system currently serves 34 producing fields with a high portion of contracted revenues. In 2013, CATS accounted for the transportation of 13% of UK domestic gas production.

The Antin CATS management team will be led by Andy Hessell. Andy will join Antin CATS with over 26 years of industry experience and was most recently VP Commercial Operations North Sea and Angola at BP.

Mark Crosbie, Managing Partner of Antin Infrastructure Partners, commented, “We are delighted to

have reached this agreement with BP. Having seen firsthand the strength of the CATS operation and the potential for growth, we have decided to increase our share in the business. We have exciting plans to grow and develop CATS through additional investment. CATS has a strong and skilled workforce and Antin IP’s priority is to retain and develop employees through the transition and beyond. We are delighted Andy has agreed to come on board as Managing Director and have no doubt that he will be an excellent leader of the business.”

According to Stéphane Ifker, Partner of Antin Infrastructure Partners, “Investment in infrastructure such as CATS is key to government and industry’s aim to maximise the economic recovery and realise the considerable potential of the UK Continental Shelf. We look forward to collaborating closely with our partners in industry, government and the Oil and Gas Authority to operate in one of the most promising areas of the North Sea.”

Categories: Finance, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
As the Media Frenzy From GDPR Dies Down, Companies Need To Reman Vigilant Against Data Breaches
Legal
10/09/2019As the Media Frenzy From GDPR Dies Down, Companies Need To Reman Vigilant Against Data Breaches

When the GDPR legislation was being created there was a flurry of media reports and business commentary on the importance of data safety, with companies and individuals alike scrutinising their own policies and working on improvement. A little more than a year

Read Full PostRead - Eye Icon
Unrivalled Technical And Service Support
Leadership
09/02/2021Unrivalled Technical And Service Support

Water and energy solutions provider, Davis & Shirtliff, is a well-established brand in the East Africa region and is known for providing high quality products that are readily available and at competitive prices. Recently, we caught up with the firm’s He

Read Full PostRead - Eye Icon
All you Need to Know About Who Can Apply for Business Acquisition Loan
News
24/05/2022All you Need to Know About Who Can Apply for Business Acquisition Loan

Being a business owner does not always have to come from starting your own business. You can become a business owner by purchasing another business. But even the latter requires that you have some money. So, what do you do if you want to take advantage of such

Read Full PostRead - Eye Icon
Tips from a Peachtree Corners Personal Injury Attorney
News
16/11/2023Tips from a Peachtree Corners Personal Injury Attorney

After a personal injury, securing fair compensation may seem like an overwhelming task. The decisions you make now can have an impact on your future, and you will want to be sure you receive the maximum amount for your damages. In a car accident, slip and fall

Read Full PostRead - Eye Icon
Offshore Wind Attracting a Variety of Investor Groups
Finance
12/10/2015Offshore Wind Attracting a Variety of Investor Groups

The wide range of investment entry points in offshore wind has attracted a diversified group of investors that span from strategic industrial players to passive financial investors. We spoke to Christine Brockwell, Managing Director and Head of Corporate Devel

Read Full PostRead - Eye Icon
Ingenious IP Lawyer
Legal
18/01/2021Ingenious IP Lawyer

The murky world of Intellectual Property is hotly contested, with many law firms handling portfolios on a client’s behalf. As we look once again to those lights of the legal profession, we turn to Santiago R. O’Conor, the Leading Intellectual Property Pros

Read Full PostRead - Eye Icon
Construction Lawyer Reaches New Heights
Leadership
14/04/2020Construction Lawyer Reaches New Heights

Law is an arena in which experience and expertise can provide a cutting edge over the competition. In construction law today, being knowledgeable about everything from planning to completion is a necessity. Bringing all of that and so much more to the table is

Read Full PostRead - Eye Icon
Intelligent Storage at the Edge
Innovation
09/10/2023Intelligent Storage at the Edge

Since the emergence of Cloud Computing, there has been an undeniable rise in the risk of data loss. Whether this is a result of a loss of control over how data is managed, or due to potential security breaches that could have detrimental effects on customer da

Read Full PostRead - Eye Icon
Defined by True Innovation
Innovation
02/05/2019Defined by True Innovation

Pio-Tech is a business solutions provider that has become, over the last sixteen years, defined by an innovation-first approach that champions digitisation and futurism.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow