Master Limited Partnerships (MLPs)
Represented Conflicts Committee of Crestwood Midstream Partners LP in its US$7.5B public-to-public merger with Crestwood Equity Partners LP
Advised Tall Oak Midstream, an EnCap Flatrock portfolio company, in its US$1.55B sale of assets to EnLink Midstream Partners, LP and EnLink Midstream, LLC
Represented Vanguard Natural Resources, in its US$614M public-to-public merger with Eagle Rock Energy Partners, LP
A Strategic Approach to MLPs
We find tax-efficient solutions to issues related to the formation, capitalization, and initial public offering of master limited partnerships, as well as acquisitions (including “drop-downs”) and mergers, in all asset classes qualifying for the natural resources tax exemption available to publicly traded partnerships under the Internal Revenue Code.
Expertise, Experience, and Innovation
Our team has industry-leading experience representing sponsors in MLP structuring, asset selection, and execution of IPOs, including advising on tax issues, accounting issues, and industry-specific regulatory issues.
We provide sophisticated tax structuring assistance for MLP formation and capitalization transactions, including drawing on our deep experience to advise with asset selection and entity structuring.
Our lawyers have worked on billion-dollar capital markets transactions over the last few years and have led numerous equity and debt private placements as well as PIPE transactions.