Fried, Frank, Harris, Shriver & Jacobson LLP

09/02/2021 | Press release | Archived content

Capital Products Partners to Acquire Three LNG Carrier Vessels

Fried Frank acted as counsel to the conflicts committee of the Board of Directors of Capital Product Partners L.P. (CPLP) in connection with CPLP's US$599.5 million acquisition of three X-DF LNG carriers from CGC Operating Corp. The first two carriers are expected to be delivered by September 15, 2021, with the remaining vessel to be delivered by the end of November 2021. In connection with the transaction, CPLP obtained options to acquire an additional three LNG carriers and rights of first offer for six additional vessels.

The Fried Frank team was led by corporate partner Philip Richter and included corporate partner Andrea Gede-Lange and corporate law clerk Trent Pacer.