03/25/2021 | Press release | Distributed by Public on 03/26/2021 18:50
(Houston) - Crestwood Equity Partners LP (Crestwood) today announced that it and Crestwood Holdings LLC have executed a series of definitive agreements whereby Crestwood will acquire approximately 11.5 million common units and the general partner interest from Crestwood Holdings for total consideration of approximately $268 million. The transaction provides First Reserve a complete exit from its investment in Crestwood.
A team from Akin Gump advised the conflicts committee of Crestwood's board of directors in the transaction.
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The Akin Gump team was led by corporate partner Lisa Hearn. She was joined by fellow corporate partners John Goodgame and Chip Cowell, associates Allyson Li and Alan Sanchez, and tax partner Jocelyn Tau.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.
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