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Latham & Watkins Advises Blackstone Energy Partners in Sale of Stake in Cheniere Energy Partners for US$7 Billion

September 24, 2020
A multidisciplinary deal team advised on the sale of the largest liquefied natural gas export terminal in the US.

Blackstone (NYSE: BX) has announced that private equity funds managed by Blackstone have closed the sale of their approximately 42% stake in Cheniere Energy Partners, L.P., the largest liquefied natural gas export terminal in the US, to Brookfield Infrastructure and funds managed by Blackstone Infrastructure Partners. The transaction values Blackstone’s stake in Cheniere at US$7 billion.

Latham & Watkins LLP represents Blackstone’s private equity business, Blackstone Energy Partners, with a corporate deal team led by New York partners David Allinson and David Beller, with associates John Karantonis and Yina Koh. Advice was also provided on partnership matters by New York partner Charlie Carpenter and Houston partner Lauren Anderson; on finance matters by New York partners Warren Lilien and Chirag Dedania and London counsel John-Patrick Sweny, with associate Kailash Gupta; on tax matters by New York partners Lisa Watts and Matthew Dewitz, with associate Eric Kamerman; on CFIUS matters by Washington, D.C. partner Les Carnegie, with associate Zachary Eddington; on SEC matters by Washington, D.C. partner Brian Miller, with associates William Hackett and Sara Almousa; on energy regulatory matters by Washington, D.C. partners Patrick Nevins and Tyler Brown; and on environmental matters by New York counsel David Langer.