-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GkbswHOQlygk5gRNpMdHjm/f7K+8B1vJHPuuK8LlmsHDpp+BBcI54aqAERbse/BM XGKW9PsjouB7mVi271ey8A== 0001209191-09-045923.txt : 20090928 0001209191-09-045923.hdr.sgml : 20090927 20090928164745 ACCESSION NUMBER: 0001209191-09-045923 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090924 FILED AS OF DATE: 20090928 DATE AS OF CHANGE: 20090928 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Joung Chansoo CENTRAL INDEX KEY: 0001355799 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33303 FILM NUMBER: 091090630 MAIL ADDRESS: STREET 1: C/O WARBURG PINCUS LLC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Targa Resources Partners LP CENTRAL INDEX KEY: 0001379661 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 651295427 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET 2: SUITE 4300 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: (713)584-1000 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET 2: SUITE 4300 CITY: HOUSTON STATE: TX ZIP: 77002 4 1 c90285_4x0.xml MAIN DOCUMENT DESCRIPTION X0303 4 2009-09-24 0001379661 Targa Resources Partners LP NGLS 0001355799 Joung Chansoo C/O TARGA RESOURCES PARTNERS LP 1000 LOUISIANA, SUITE 4300 HOUSTON TX 77002 1 0 1 0 Common Units representing limited partner interests 2009-09-24 4 P 0 6702705 A 15763895 I See Footnotes Common Units representing limited partner interests 8000 D On September 24, 2009, Targa GP Inc. ("GP Inc.") and Targa LP Inc. ("LP Inc.") closed the transaction in which they sold their natural gas liquids business to Targa Resources Partners LP (the "Issuer") for aggregate consideration of $530 million, subject to certain adjustments. As part of this consideration, LP Inc. received 4,350,824 common units representing limited partner interests in the Issuer and GP Inc. received 4,176,791 common units representing limited partner interests in the Issuer and 174,033 general partner units representing general partner interests in the Issuer, each valued at $15.227 per unit.The amount of securities listed in Item 4 of Table 1 is calculated by multiplying the common units issued in the reported transactions by the aggregate interest in Targa Resources Investments Inc. ("Targa Investments") beneficially owned by the Warburg Pincus Entities (as defined below) (the "Warburg Interest"). Following the reported transactions, each of GP Inc. and LP Inc. own 9,626,129 and 10,429,717 common units, respectively, of the Issuer. Targa Investments indirectly owns all of the interests in GP Inc. and LP Inc. Warburg Pincus Private Equity VIII, L.P. ("WP VIII") and Warburg Pincus Private Equity IX, L.P. ("WP IX") in the aggregate beneficially own 78.6% of Targa Investments. Warburg Pincus Partners, LLC ("WP Partners LLC"), a direct subsidiary of Warburg Pincus & Co. ("WP"), is the sole general partner of WP VIII. Warburg Pincus IX, LLC ("WP IX LLC"), an indirect subsidiary of WP, of which WP Partners LLC is sole member, is the sole general partner of WP IX. WP is the managing member of WP Partners LLC. WP VIII and WP IX are managed by Warburg Pincus LLC ("WP LLC," and together with WP VIII, WP IX, WP Partners LLC, WP IX LLC and WP, the "Warburg Pincus Entities"). (continued on Footnote 3) The amount of securities listed in Item 5 of Table 1 is calculated by multiplying the aggregate number of common units owned by GP Inc. and LP Inc. following the reported tranactions by the Warburg Interest. Mr. Joung is a general partner of WP and a Managing Director and Member of WP LLC. Charles R. Kaye and Joseph P. Landy are each Managing General Partners of WP and Co-Presidents and Managing Members of WP LLC and may be deemed to control the Warburg Pincus entities. Messrs. Joung, Kaye and Landy disclaim beneficial ownership of all shares in Targa Investments held by the Warburg Pincus entities. /s/ Chansoo Joung 2009-09-28 -----END PRIVACY-ENHANCED MESSAGE-----