Akin Gump Advises Genesis Energy in $418 Million Sale of Interest in Cameron Highway Oil Pipeline System
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Genesis Energy, L.P. has announced the closing of the sale of a 36 percent minority equity interest in its Cameron Highway Oil Pipeline System to an undisclosed financial party at an 8/8ths valuation of $1.16 billion, which resulted in gross proceeds to Genesis of approximately $418 million. A team from Akin Gump advised Genesis in the transaction.
Genesis now owns 64 percent of pipeline and will remain its operator.
To learn more on this deal, click here.
The Akin Gump team was led by corporate partners Patrick Hurley and Chris Centrich. They were joined by fellow partners Chip Cowell and Eric Muñoz and associates Leana Garipova, Allyson Li, Tyler Andrews, Madeline Sullivan and Alan Sanchez. Partner Alison Chen, senior counsel Brandon Morris and associate Menachem Fox provided tax advice.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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