- Companies
- Mitsubishi Corporation (LNG Canada 15% interest holding unit)
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
Status
Privately held
Customer focus
B2B
Revenue model
Wholesale Distribution
Valuation
$6.2B (Nov 2026)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Nov 2026 | Secondary | $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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2026 | Secondary | PSP Investments; Blackstone; CPP Investments; Investment Management Corporation of Ontario; OMERS | $3.1B | $6.2B | Blackstone 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
This data is available for Pro users. Sign up to see all 5 Mitsubishi Corporation (LNG Canada 15% interest holding unit) investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialMitsubishi 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $6B | - | ||
| Publicly listed | $2B | $1B | $6.5B | 5.7x | ||
| Publicly listed | $1.1B | $963M | $6.5B | 10.6x | ||
| Publicly listed | $1.5B | $1.3B | $6.8B | 6.6x | ||
| Publicly listed | $3B | $606M | $6.8B | 2.5x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2B | $1B | 5.8x | 5.7x | 11.1x | 10.9x | |||
| $1.1B | $963M | 10.5x | 10.6x | 12.1x | 15.0x | |||
| $1.5B | $1.3B | 6.9x | 6.6x | 7.9x | 9.1x | |||
| $3B | $606M | 2.9x | 2.5x | 14.5x | 13.0x | |||
| $2.6B | $1.1B | 4.3x | - | 10.3x | - | |||
| $1.4B | $249M | 4.3x | 3.3x | 24.4x | 14.2x | |||
| $44B | $2.8B | 0.4x | 0.3x | 6.5x | 6.3x | |||
| $4.6B | $574M | 0.9x | 0.9x | 6.8x | 6.4x | |||
This data is available for Pro users. Sign up to see all Mitsubishi Corporation (LNG Canada 15% interest holding unit) competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Mitsubishi Corporation (LNG Canada 15% interest holding unit)
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