EIG’s $400 Million Investment In NGL Energy Partners

Kirkland & Ellis advised affiliates of EIG Global Energy Partners on the investment.

EIG Global Energy Partners invested $400 million into NGL Energy Partners LP (NYSE: NGL), in which certain investment funds managed or sub-advised by EIG purchased an aggregate amount of $400 million of newly established Class D Preferred Units and also received warrants to purchase Common Units of NGL. NGL will use the proceeds in connection with an acquisition of produced water pipeline transportation and disposal assets from Mesquite Disposals Unlimited, LLC.

Barclays acted as financial advisor and placement agent for NGL. Winston & Strawn LLP acted as legal counsel to NGL on the Mesquite transaction. Hunton Andrews Kurth LLP and Paul Hastings LLP served as legal counsel to NGL on the financing transactions. Kirkland & Ellis LLP acted as legal counsel to EIG and FSEP.

The Kirkland team was led by transactional partner John Pitts (Picture) and associates Will Mabry, Gordon Cranner, Chad Barton, Meghan Dupre and Andrew Allen; capital markets partner Julian Seiguer and associates Bryan Flannery, Christopher Fox and Andrew Lombardo; tax partner Mark Dundon and associate William Dong; debt finance partner Mary Kogut Brawley and associates Mahalia Burford and Scott Reid; and environmental transactional partner Stefanie Gitler and associate James Dolphin.

Involved fees earner: Mahalia Burford – Davis Polk & Wardwell; Andrew Allen – Kirkland & Ellis; Chad Barton – Kirkland & Ellis; Gordon Cranner – Kirkland & Ellis; James Dolphin – Kirkland & Ellis; William Dong – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; Meghan Dupre – Kirkland & Ellis; Bryan Flannery – Kirkland & Ellis; Christopher Fox – Kirkland & Ellis; Stefanie Gitler – Kirkland & Ellis; Mary Kogut Brawley – Kirkland & Ellis; Andrew Lombardo – Kirkland & Ellis; John Pitts – Kirkland & Ellis; Scott Reid – Kirkland & Ellis; Julian Seiguer – Kirkland & Ellis; Will Mabry – Paul Hastings;

Law Firms: Davis Polk & Wardwell; Kirkland & Ellis; Paul Hastings;

Clients: EIG Global Energy Partners;


Author: Ambrogio Visconti