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Latham & Watkins Advised Enagás in connection with the Purchase of Tallgrass Energy’s Publicly-Held Class A Shares by Blackstone Infrastructure Partners

April 23, 2020
A cross-border, multidisciplinary team led out of Houston and Madrid advised on the transaction.

Tallgrass Energy, LP (TGE) has completed the merger agreement pursuant to which affiliates of Blackstone Infrastructure Partners together with affiliates of Enagás, GIC, NPS and USS (collectively with Blackstone Infrastructure Partners, the “Sponsors”) have acquired all of the publicly-held outstanding Class A Shares of TGE at a price of $22.45 in cash per Class A Share.

Enagás is a leading international energy company with a presence in Spain, the USA, Mexico, Chile, Peru and Greece with more than 12,000 km of gas pipelines, three strategic storages and nine regasification plants. The company is certified as a Transmission System Operator (TSO) by the European Union and is an international benchmark in the development and operation of gas networks. In Spain, Enagás is the Technical Manager of the Gas System and has developed the country's key gas infrastructures, making it a model within Europe.

Latham & Watkins LLP represented Enagás in the transaction with a cross-border corporate team led by Houston partners Bill Finnegan and Jeff Muñoz with associates Kevin Richardson, Ryan Lynch and Bo Rose and Madrid associate Javier Marti-Fluxa and trainee Celia Vega-Penichet. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole and Madrid partner Jordi Dominguez with Madrid counsel Ivan Rabanillo. 
 

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