Houston, Texas-based Oiltanking Partners has raised $215 million by offering 10 million units at $21.50 per unit. The company has provided underwriters a 30-day over-allotment option to buy up to an additional 1.5 million common units. The gulf coast provider of storage of energy products appointed Citi, Barclays Capital, JP Morgan and Morgan Stanley as joint book-running managers for the offering. Raymond James, Deutsche Bank Securities and Stifel Nicolaus Weisel served as co-managers for the deal.
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