New Fortress Energy to Acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in Combined $5B Transaction
Vinson & Elkins advised Hygo Energy Transition Ltd. (“Hygo”) in connection with a definitive agreement for New Fortress Energy Inc. to acquire Hygo, a 50-50 joint venture between Golar LNG Limited and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners and Golar LNG Partners, LP. The transaction is valued at a $3.1 billion enterprise value and a $2.18 billion equity value.
The V&E team was led by partners David Oelman and Lande Spottswood with assistance from senior associate Jing Tong and associates Alex Lewis, Rob Vezina and Natalie Stanley. Also advising were partner Eamon Nolan and associates Erin MacMullin and Helena Zhang; partners Kaam Sahely and Shay Kuperman, senior associate Nadine Amr and associates Steven Wilson, Caroline McDonald and Louise Fischel-Bock; partner Matt Dobbins and associate Audrey Doane; partner David D’Alessandro and counsel Dario Mendoza; partners Gary Huffman and Lina Dimachkieh and associate Liz Snyder; partner Sean Becker and counsel Martin Luff; partner Hill Wellford, counsel David Smith and senior associate Ryan Will; partners Fry Wernick and Damara Chambers and associate Brittany Harwood; partner John Michael; and partner Suzanne Clevenger.
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