Capital Product Partners’ Acquisition of One LNG Carrier Vessel and Three Container Vessels

Fried Frank acted as counsel to the conflicts committee of the Board of Directors of Capital Product Partners.

Capital Product Partners L.P. (“CPLP”) announced the US$597.5 million acquisition of one 174,000 cubic meter LNG carrier and three 13,278 TEU container vessels from Capital Maritime & Trading Corp.

The LNG Carrier, to be named “Asterix I,” is currently under construction by Hyundai Heavy Industries Co. Ltd., South Korea, and is expected to be delivered in January 2023. The three 13,278 TEU container vessels, to be named “Manzanillo Express,” “Itajai Express” and “Buenaventura Express,” are currently under construction by Hyundai Samho Industries Co. Ltd., South Korea, and are scheduled for delivery in October 2022, January 2023 and May 2023, respectively.

Capital Product Partners L.P. (Nasdaq: CPLP) is an international, shipping company engaged in the seaborne transportation of natural gas, containerized goods and dry cargo.

The Fried Frank team was led by corporate partner Philip Richter (Picture) and included corporate partner Andrea Gede-Lange and corporate associate Trent Pacer.

Involved fees earner: Andrea Gede-Lange – Fried Frank Harris Shriver & Jacobson; Trent Pacer – Fried Frank Harris Shriver & Jacobson; Philip Richter – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Capital Product Partners – Conflicts Committee of the Board;