NFE and Apollo Funds Agree to Form a New Joint Venture for LNG Maritime Infrastructure
Vinson & Elkins advised funds managed by Apollo in connection with entry into a definitive agreement regarding the sale by New Fortress Energy Inc. (“NFE”) of 11 LNG infrastructure vessels to a newly formed venture owned approximately 80% by Apollo funds and 20% by NFE, in a transaction valued at approximately $2 billion.
The V&E team was led by Jim Fox, John Michael, Patrick Whelan, Dan Komarek and Brett Santoli, with assistance from Chris Strong, Steven Wilson, Jimmy Chalk, Jason McIntosh and Ron Nardini.
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