Mitsubishi Corporation (LNG Canada 15% interest holding unit) Valuation, Funding & Investors

Mitsubishi Corporation (LNG Canada 15% interest holding unit) is valued at $6.2B as of November 2026.

Last Mitsubishi Corporation (LNG Canada 15% interest holding unit) valuation

$6.2B

Secondary · Nov 2026

Key investors in Mitsubishi Corporation (LNG Canada 15% interest holding unit)

  • Blackstone
  • CPP Investments
  • PSP Investments
  • OMERS
  • Investment Management Corporation of Ontario

Mitsubishi Corporation (LNG Canada 15% interest holding unit) Overview

About Mitsubishi Corporation (LNG Canada 15% interest holding unit)

Mitsubishi Corporation (LNG Canada 15% interest holding unit) is a holding company wholly controlled by Mitsubishi Corporation that owns Mitsubishi's 15% participating interest in the LNG Canada joint venture. LNG Canada builds and operates a liquefied natural gas export terminal at Kitimat, British Columbia, and its owners lift their proportionate share of the LNG produced under an equity lifting structure. The holding company gives Mitsubishi its entitlement to LNG volumes and its share of the joint venture's Phase 2 expansion. The unit has no operations of its own beyond holding the interest and is a subsidiary of a Tokyo-based trading and investment group.


HQ

JapanTokyo

Status

Privately held

Customer focus

B2B

Revenue model

Wholesale Distribution

Valuation

$6.2B (Nov 2026)

Mitsubishi Corporation (LNG Canada 15% interest holding unit) Valuation

Mitsubishi Corporation (LNG Canada 15% interest holding unit) is currently valued at $6.2B, based on its secondary sale in November 2026. Read the announcement ↗

The $3.1B round included PSP Investments, Blackstone, CPP Investments, Investment Management Corporation of Ontario and OMERS.

Mitsubishi Corporation (LNG Canada 15% interest holding unit) valuation by funding round

Mitsubishi Corporation (LNG Canada 15% interest holding unit) valuation by funding round
DateStageValuation
Nov 2026Secondary$6.2B

Mitsubishi Corporation (LNG Canada 15% interest holding unit) Funding History

Mitsubishi Corporation (LNG Canada 15% interest holding unit) has 1 recorded secondary share sale and no primary funding rounds.

Mitsubishi Corporation (LNG Canada 15% interest holding unit) funding rounds

Mitsubishi Corporation (LNG Canada 15% interest holding unit) funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2026SecondaryPSP Investments; Blackstone; CPP Investments; Investment Management Corporation of Ontario; OMERS$3.1B$6.2BBlackstone Credit & Insurance funds and four Canadian institutional investors, CPP Investments, OMERS, IMCO and PSP Investments, agreed in November 2026 to invest USD 3.1 billion for a 49.9% non-controlling stake in a Mitsubishi Corporation subsidiary that holds Mitsubishi's 15% interest in LNG Canada. Mitsubishi retains a controlling 50.1% stake in the holding company and its LNG offtake rights. The USD 3.1 billion total includes planned capital expenditure for the Phase 2 expansion, and Mitsubishi's share of the proceeds is about USD 1.6 billion. Mitsubishi said it is bringing in the investors to help finance the expansion while retaining control of its LNG business. LNG Canada is a joint venture building and operating an LNG export terminal in Kitimat, British Columbia, owned by Shell (40%), Petronas (25%), PetroChina (15%), Mitsubishi (15%) and KOGAS (5%). Phase 2, approved in September 2026, will double capacity from 14 to 28 million tonnes a year.

Who has invested in Mitsubishi Corporation (LNG Canada 15% interest holding unit)?

5 investors have backed Mitsubishi Corporation (LNG Canada 15% interest holding unit) across its funding rounds, including Blackstone, CPP Investments, PSP Investments, OMERS and Investment Management Corporation of Ontario.


Mitsubishi Corporation (LNG Canada 15% interest holding unit) Investors

Investors in Mitsubishi Corporation (LNG Canada 15% interest holding unit) by funding rounds participated
InvestorHQRoundsRoleFirst check
PSP InvestmentsCanadaOttawa1ParticipantNov 2026
BlackstoneUnited StatesNew York City, NY1ParticipantNov 2026
CPP InvestmentsCanadaToronto1ParticipantNov 2026

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Mitsubishi Corporation (LNG Canada 15% interest holding unit) Competitors

Mitsubishi Corporation (LNG Canada 15% interest holding unit) competitors include listed companies like South Bow, Nakilat, Royal Vopak and Torrent Power, and private ones like Diamond Infrastructure Solutions and Mountain Valley Pipeline.

Public and private companies comparable to Mitsubishi Corporation (LNG Canada 15% interest holding unit)
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Diamond Infrastructure SolutionsUnited StatesHouston, TXPrivate--$6B-
South BowCanadaCanadaPublicly listed$2B$1B$6.5B5.7x
NakilatQatarQatarPublicly listed$1.1B$963M$6.5B10.6x
Royal VopakNetherlandsNetherlandsPublicly listed$1.5B$1.3B$6.8B6.6x
Torrent PowerIndiaIndiaPublicly listed$3B$606M$6.8B2.5x
Mountain Valley PipelineUnited StatesPittsburgh, PAPrivate--$5.4B-

Mitsubishi Corporation (LNG Canada 15% interest holding unit) Public Comps

Mitsubishi Corporation (LNG Canada 15% interest holding unit) is still privately-owned, but its public comps include South Bow, Nakilat, Royal Vopak, Torrent Power, Altius Telecom Infrastructure Trust, Forgent Power Solutions, Plains GP Holdings, Petronet LNG, International Seaways and Brookfield Infrastructure.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
South Bow$2B$1B5.8x5.7x11.1x10.9x
Nakilat$1.1B$963M10.5x10.6x12.1x15.0x
Royal Vopak$1.5B$1.3B6.9x6.6x7.9x9.1x
Torrent Power$3B$606M2.9x2.5x14.5x13.0x
Altius Telecom Infrastructure Trust$2.6B$1.1B4.3x-10.3x-
Forgent Power Solutions$1.4B$249M4.3x3.3x24.4x14.2x
Plains GP Holdings$44B$2.8B0.4x0.3x6.5x6.3x
Petronet LNG$4.6B$574M0.9x0.9x6.8x6.4x

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Common questions about Mitsubishi Corporation (LNG Canada 15% interest holding unit)

Where is Mitsubishi Corporation (LNG Canada 15% interest holding unit) headquartered?Mitsubishi Corporation (LNG Canada 15% interest holding unit) is headquartered in Tokyo, Japan.
Is Mitsubishi Corporation (LNG Canada 15% interest holding unit) publicly listed?No, Mitsubishi Corporation (LNG Canada 15% interest holding unit) is a private, VC-backed company.
What is Mitsubishi Corporation (LNG Canada 15% interest holding unit)'s valuation?Mitsubishi Corporation (LNG Canada 15% interest holding unit) was last valued at $6.2B in its secondary sale in November 2026.
Who are Mitsubishi Corporation (LNG Canada 15% interest holding unit)'s investors?Mitsubishi Corporation (LNG Canada 15% interest holding unit)'s investors include PSP Investments, Blackstone, CPP Investments, Investment Management Corporation of Ontario and OMERS.
Which companies are comparable to Mitsubishi Corporation (LNG Canada 15% interest holding unit)?Companies comparable to Mitsubishi Corporation (LNG Canada 15% interest holding unit) include Diamond Infrastructure Solutions, South Bow, Nakilat, Royal Vopak, Torrent Power and Mountain Valley Pipeline.

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