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American Infrastructure MLP Funds acquires stake in Agspring

Dec 22, 2015 - The Deal Pipeline
Mergers and Acquisitions

American Infrastructure MLP Funds has acquired a stake in agricultural company Agspring LLC as part of a management-led recapitalization. The transaction represents an exit by NGP Global Agribusiness Partners after a three-year investment. The seller is an affiliate of Irving, Texas-based private equity firm NGP Energy Capital Management LLC.

Transaction terms were not disclosed in the Dec. 17 announcement from Agspring. The recapitalization was completed on Dec. 14, said Brad C...