New Midstream Co. Gets $300M From Kayne Anderson

Law360, New York (November 28, 2012, 7:08 PM EST) -- Fledgling oil and gas transport outfit Canyon Midstream Partners LLC on Wednesday announced that it had received a $300 million infusion from energy-oriented California private equity investor Kayne Anderson Capital Advisors LP.

Months-old Canyon presented a fat target for Kayne Anderson, which over the past year has been steadily building up a private equity division focused on early-stage energy firms. Prior to starting Canyon, the nascent company's managers built the 40-mile Laser Northeast Gathering system that tapped the red-hot Marcellus shale.

"Canyon presented a unique opportunity...
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