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EnLink Midstream, LLC to Acquire EnLink Midstream Partners, LP in a Simplification Transaction

The EnLink Midstream companies, EnLink Midstream, LLC (ENLC) (the General Partner) and EnLink Midstream Partners, LP (ENLK) (the Master Limited Partnership), entered into a merger agreement whereby ENLC will acquire all outstanding common units of ENLK not already owned by ENLC in a unit-for-unit exchange transaction to simplify its corporate structure. Vinson & Elkins advised TPG in its capacity as a majority holder of the $750 million Series B Cumulative Convertible Preferred Units of ENLK.

The V&E corporate team was led by partners Keith Fullenweider and David Oelman and associates Claire Campbell and Jordan Fossee with assistance from partner Ramey Layne and senior associate Brittany Sakowitz. Partner Ryan Carney and associate Allyson Seger provided tax advice.

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