EIG and Fluxys’ Acquisition of 80% Stake in GNL Quintero

White & Case and Guerrero Olivos advised EIG on the deal.
Linklaters Barros & Errázuriz and Guerrero Olivos advised Fluxys S.A..
Milbank, Carey and Fischer y Cía advised OMERS Infrastructure Chile Holdings
Baker McKenzie and Carey advised Enagás Internacional, S.L.U.
Claro & Cia. advised BNP.

EIG, a leading institutional investor to the global energy and infrastructure sectors, announced its joint acquisition with Fluxys, a leading energy infrastructure company, of an 80 percent equity stake in GNL Quintero S.A., the largest liquefied natural gas (LNG) regasification terminal in Chile, from Enagas Chile SpA and affiliates of OMERS Infrastructure.

Quintero is a key energy infrastructure business supporting Chile’s decarbonization strategy with a bridging fuel that allows for the reconciliation of economic growth with the uptake of renewables and the phasing out of coal. Operational since 2009, the terminal benefits from its strategic location in Quintero Bay, supplying a diversified base of customers in central Chile across residential, commercial, industrial, transportation and power generation sectors. The terminal owns 75 percent of the country’s LNG regasification capacity and in 2021, 67 percent of the total natural gas imports (both LNG and pipeline imports) arrived in Chile through this strategic asset.

The acquisition builds on EIG’s presence in the Chilean market, where the firm owns Cerro Dominador, a groundbreaking solar complex that combines a 100 MW photovoltaic (PV) plant with a 110 MW concentrated solar power (CSP) plant.

The White & Case team was led by partners Bill Parish (Picture) and Rodrigo Dominguez, and included partners Emilio Grandío (all in Houston), Armando Rivera and Elena Millerman, counsel Rhys Bortignon (all in New York), and associates Hannah Craft, Chris Hebert and Luis Leos (all in Houston).

In Chile, Guerrero Olivos advised EIG Partners and Fluxys with Sebastián Abogabir Méndez, Pedro Pellegrini Ripamonti, César Gálvez Tobar, Alejandro Chechilnitzky, Felipe Frühling, Benjamín Novoa, Juan José García, Andrea Olea M., Francisca Pellegrini, Alejandra Leiton, Tomás Rosemary A., Roberto Burgos, Tomás Garnham, Juan Luis Vial, Gabriela Eskenazi, Joaquín Ignacio Merino Correa, Sergio Yávar, Rosario Díaz Súnico, Diego Morandé and Catalina Melgarejo.

Linklaters advised Fluxys S.A. with Andrew Compton, Pierre-Emmanuelle Perais, Will Kim, Arnaud Coibion, Arthur Lindemann.

In Chile, Barros & Errázuriz advised Fluxys S.A. with Vicente Cordero, Javier Díaz and Catalina Barros.

Baker McKenzie advised Enagás Internacional, S.L.U. with a team including Antonio Morales Mutis, Juanjo Corral and Carlos Suárez, Jonathan S. Farrokhnia, Antonio Ortúzar, Andrés Lecaros and Juan Ignacio Donoso.

    Carey advised OMERS Infrastructure Chile Holdings I and Enagás Chile with a team including Salvador Valdés, Patricia Silberman, José Pardo, Julio Recordon, Matías Garcés and Ismael Bahamonde.

    Milbank advised Omers Infrastructure with Dean W. Sattler, Michael Bellucci, Ross Shepard, Christina Sonageri and Adeola Adeyosoye.

    Fischer y Cía advised Omers Infrastructure with  Isabel Espinoza, Alex Fischer and Javiera Muñoz.

    Claro & Cia. advised BNP on the financing.

    Involved fees earner: Juanjo Corral – Baker McKenzie; Juan Ignacio Donoso – Baker McKenzie; Jonathan Farrokhnia – Baker McKenzie; Andrés Lecaros – Baker McKenzie; Antonio Morales – Baker McKenzie; Antonio Ortúzar Jr. – Baker McKenzie; Carlos Suarez – Baker McKenzie; Catalina Barros Honorato – Barros & Errázuriz Abogados; Vicente Cordero Becker – Barros & Errázuriz Abogados; Javier Díaz Velásquez – Barros & Errázuriz Abogados; Ismael Bahamonde – Carey; Matías Garcés – Carey; José Pardo – Carey; Julio Recordon – Carey; Patricia Silberman – Carey; Salvador Valdés – Carey; Isabel Espinoza – Fischer y Cía; Alex Fischer – Fischer y Cía; Javiera Muñoz – Fischer y Cía; Sebastián Abogabir Méndez – Guerrero Olivos; Roberto Burgos – Guerrero Olivos; Alejandro Chechilnitzky – Guerrero Olivos; Rosario Díaz – Guerrero Olivos; Gabriela Eskenazi – Guerrero Olivos; Felipe Fruhling Knapp – Guerrero Olivos; César Gálvez Tobar – Guerrero Olivos; Juan José García – Guerrero Olivos; Tomás Garnham – Guerrero Olivos; Alejandra Leiton – Guerrero Olivos; Catalina Melgarejo – Guerrero Olivos; Joaquín Merino – Guerrero Olivos; Diego Morandé – Guerrero Olivos; Benjamín Novoa Mackenna – Guerrero Olivos; Andrea Olea – Guerrero Olivos; Francisca Pellegrini – Guerrero Olivos; Pedro Pellegrini Ripamonti – Guerrero Olivos; Tomás Rosemary – Guerrero Olivos; Juan Luis Vial – Guerrero Olivos; Sergio Yávar – Guerrero Olivos; Arnaud Coibion – Linklaters; Andrew Compton – Linklaters; Will Kim – Linklaters; Pierre-Emmanuel Perais – Linklaters; Adeola Adeyosoye – Milbank LLP; Michael Bellucci – Milbank LLP; Dean Sattler – Milbank LLP; Ross Shepard – Milbank LLP; Christina Sonageri – Milbank LLP; Rhys Bortignon – White & Case; Hannah Craft – White & Case; Rodrigo Dominguez Sotomayor – White & Case; Emilio Grandio – White & Case; Christopher Hebert – White & Case; Luis Leos – White & Case; Elena Millerman – White & Case; William Parish – White & Case; Armando Rivera – White & Case;

    Law Firms: Baker McKenzie; Barros & Errázuriz Abogados; Carey; Fischer y Cía; Guerrero Olivos; Linklaters; Milbank LLP; White & Case;

    Clients: EIG Global Energy Partners; Enagas Chile S.p.A.; Enagás Internacional, S.L.; Fluxys; OMERS Infrastructure;