I Squared Nears Deal for $5 Billion Matterhorn Pipeline

A consortium led by I Squared Capital is considering buying Matterhorn Express Pipeline in a deal that would value the Texas natural gas conduit at about $5 billion including debt, according to people familiar with the matter.

I Squared and co-investors including Enbridge Inc. have been in talks to buy a majority stake in Matterhorn, said the people, who asked to not be identified because the information is private.