Press Release

Kirkland Advises TPG on Significant Preferred Equity Investment in Summit Midstream Partners to Fund Double E Pipeline

Kirkland & Ellis counseled TPG on its preferred equity investment of up to $140 million of preferred interests in an affiliate of Summit Midstream Partners LP (NYSE: SMLP), proceeds of which will be used to fund capital contributions to Double E Pipeline LLC, a joint venture between Summit and Exxon Mobil Corporation to construct an interstate pipeline which, upon receipt of FERC and other applicable regulatory approvals, will provide natural gas transportation service from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas.  The investment by TPG will be made by TPG Energy Solutions (“TES”), the firm’s energy-specific structured equity vehicle.

Read the Summit press release

The Kirkland team was led by transactional partners Adam Larson and Kevin Crews; and included transactional associates Scott Delaney, Austin Elder and Mike Pangrac; tax partners David Wheat and Lane Morgan; environmental partner Jonathan Kidwell and associate James Dolphin; energy & infrastructure partner Brooksany Barrowes and associate Drew Stuyvenberg; debt finance partner Kimberly Perdue and associate Aisha Noor; and capital markets associate Eugenio J. Cárdenas.