Akin Advises Diamondback Energy in the Sale of its Equity Interest in Epic Crude Holdings, LP
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(Houston) – Akin represented Diamondback Energy, Inc., in a transaction pursuant to which Plains All American Pipeline, L.P. and Plains GP Holdings would acquire a combined 55% equity interest in EPIC Crude Holdings, LP, an affiliate of EPIC Midstream Holdings LP, from subsidiaries of Diamondback Energy and a subsidiary of Kinetik Holdings Inc. The transaction, which is valued at approximately $1.57 billion, is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
The Akin team was led by corporate partners John Goodgame and Leana Garipova; and included associates Hailey Marino and Paxton Merrill; tax partner Alison Chen and associate Samir Halawi; executive compensation & employee benefits partner Stephanie Bollheimer; and antitrust partner Brian Rafkin and counsel Alexander Rosselli.
For more information on the transaction, click here.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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