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.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
For more information, please speak with our media contacts.