Kirkland Advises I Squared Capital on Joint Agreement with MPLX and Enbridge to Acquire Interests in Matterhorn Express Pipeline

Kirkland & Ellis advised I Squared Capital on its entry into a definitive agreement with MPLX LP (NYSE: MPLX) and Enbridge Inc. (NYSE: ENB) to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners and Devon Energy Corp. (NYSE: DVN). Following the close of the transaction, WhiteWater, MPLX and Enbridge will own 65%, 10% and 10% of the Matterhorn Express Pipeline, respectively. WhiteWater’s equity interest in the Matterhorn Express Pipeline will be jointly backed by FIC and I Squared, and WhiteWater will continue to operate the Matterhorn Express Pipeline. The transaction is expected to close in the second quarter of 2025.

Read the transaction press release

The Kirkland team included corporate lawyers Kyle Watson, Josh Teahen, Colleen Haile, Alexa Grealis and Marissa Kinsey; debt finance lawyers Lucas Spivey, Osaro Aifuwa, Kirby Swartz and Darby Branch; and tax lawyers David Wheat and Bill Dong.