(February 27, 2012, Weil News)
Weil, Gotshal & Manges LLP represented Kinder Morgan, Inc. on El Paso Corporation’s sale of its exploration and production business, EP Energy Corporation, to a group of investors including Apollo Global Management LLC, Riverstone Holdings LLC, Access Industries Inc., and other parties for approximately $7.15 billion. The transaction, announced on February 24, 2012, is contingent upon the completion of Kinder Morgan’s planned acquisition of El Paso, which is expected to close in the second quarter of 2012 pending customary regulatory approvals. The EP Energy sale is also expected to close around the same time.
Weil was counsel to Kinder Morgan in its agreement, announced in October 2011, to acquire El Paso Corporation for approximately $38 billion
, one of the largest energy deals in history. Based in Houston, Texas, Kinder Morgan is a leading pipeline transportation and energy storage company in North America and owns an interest in or operates more than 38,000 miles of pipelines and 180 terminals.
Corporate partners Thomas Roberts and R. Jay Tabor were named AmLaw Daily’s “Dealmakers of the Week”
for the week ending October 21, 2011, and were featured in the December 2011 issue of American Lawyer magazine
in connection with their roles in the original Kinder Morgan-El Paso transaction.
Weil’s team on the EP Energy transaction was led by Corporate partners Jay Tabor and Rodney Moore, and included Corporate partner Shayla Harlev; Antitrust/Competition partners Steven Newborn and Laura Wilkinson; Benefits partner Andrew Gaines; Banking & Finance partner Kelly Dybala; Environmental Transactions partner Annemargaret Connolly; Corporate associates Ben Bodamer and Jakub Wronski; Benefits associates Eric Schecter and Adam Mendelowitz; and Banking & Finance associate Saundra Steinberg.
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