Stonepeak Infrastructure Partners Forms Joint Venture with Golar LNG
Simpson Thacher recently represented Stonepeak Infrastructure Partners (“Stonepeak”) in connection with a 50/50 joint venture with Golar LNG Limited (“Golar”). The joint venture will offer integrated LNG based downstream solutions through the ownership of floating storage and regasification units and associated power generation infrastructure. Stonepeak invested approximately $290 million in the joint venture. The deal signed on June 18, 2016 and closed on July 5, 2016.
Golar is a liquefied natural gas shipping company based in London and registered in Bermuda.
The Simpson Thacher team included David Lieberman, Matthew P. Schwartz and Scott Rudin (M&A); Jonathan Karen, Fan Wei, Deborah Gruen and Matthew Kemp (Funds); and Jonathan Goldstein and Taylor Alexander (Tax).