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Midcoast Energy

company

About

Midcoast Energy is an Enbridge Energy Partners-backed limited partnership that owns natural gas transportation and delivery assets,

  • 501 - 1000

Highlights

Total Funding Amount
$170M
Funding Rounds
1
Investors
1

Details

Last Funding Type
Private Equity（PE）
Last Funding Money Raised
$170M
Industries
Energy,Oil and Gas
Founded date
Jan 1, 2012
Number Of Employee
501 - 1000
Operating Status
Active

Midcoast Energy Partners, an Enbridge Energy Partners-backed limited partnership that owns natural gas transportation and delivery assets, filed on Friday with the SEC to raise up to $575 million in an initial public offering. The Houston, TX-based company, which was formed in 2012 and booked $6.5 billion in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol MEP. BofA Merrill Lynch is the sole bookrunner on the deal. No pricing terms were disclosed.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$170M
Midcoast Energy has raised a total of $170M in funding over 2 rounds. Their latest funding was raised on Jan 27, 2017 from a Private Equity（PE） round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 27, 2017 Private Equity（PE） $170M 1 — — Detail

Investors

Number of Lead Investors
Number of Investors
—
1
Midcoast Energy is funded by 1 investors. Enbridge are the most recent investors.
Investor Name Lead Investor Funding Round
Enbridge — Private Equity（PE）
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