Akin Gump Advises Conflicts Committee of Summit Midstream in Transformational Simplification Transaction
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(Houston) – Summit Midstream Partners, LP (SMLP) has announced that it has entered into a definitive agreement with Energy Capital Partners II, LLC (ECP) to acquire Summit Midstream Partners, LLC (Summit Investments), the privately held company that indirectly owns SMLP’s general partner, Summit Midstream GP, LLC, as well as 5.9 million SMLP common units owned separately by ECP. The purchase price was $35 million in cash, plus warrants covering 10 million SMLP common units. A team from Akin Gump advised the conflicts committee of the board of directors of Summit Midstream GP.
To read more about the transaction, please click here.
The Akin Gump team was led by corporate partner Lisa Hearn. She was joined by partners John Goodgame, Eric Muñoz and Chip Cowell, tax partner Jocelyn Tau and corporate associate Lisa Garrett.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 1,000 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
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