Akin Gump Advises Conflicts Committee of Summit Midstream in Transformational Simplification Transaction

May 4, 2020

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Scott Wasserman

Senior Media Relations Manager

(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

# # #

Share This Insight

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.