ETP and Regency Acquire LDH Energy Unit

Energy Transfer Partners (NYSE: ETP) and PE-backed Regency Energy Partners (NASDAQ: RGNC) have acquired LDH Energy Asset Holdings, which consists of energy infrastructure operations, from Louis Dreyfus Highbridge Energy for about $1.9 billion. To help fund its 30% stake in the joint venture, Regency agreed to raise $204 million from Kayne Anderson Capital Advisors, Tortoise Capital Advisors and Fiduciary Asset Management. Regency is also backed by Harvest Partners.