Kirkland Advises Blackstone on $3.1 Billion Investment with Leading Canadian Institutional Investors in Mitsubishi Corporation’s Interest in LNG Canada
Kirkland & Ellis advised Blackstone in a transaction whereby funds managed by Blackstone Credit & Insurance, in partnership with leading Canadian institutional investors, have agreed to invest $3.1 billion to acquire a 49.9% non-controlling interest in a Mitsubishi Corporation (MC) subsidiary that holds MC’s interest in the LNG Canada liquefaction business. The Blackstone-led investor group includes Canada Pension Plan Investment Board, through wholly owned subsidiaries of CPPIB Credit Investments Inc., Ontario Municipal Employees Retirement System, the Investment Management Corporation of Ontario and The Public Sector Pension Investment Board. LNG Canada is Canada’s first and only large-scale liquefied natural gas export terminal.
Read the transaction press release
The Kirkland team included corporate lawyers Brittany Sakowitz, John Pitts, Gabrielle Sumich and Wright Wommack; debt finance lawyers Lucas Spivey, Kelsey Baumberger, Jordan Roberts and Charles Martin; tax lawyers David Wheat, Jonathan Macke and Rebecca Fine; real assets lawyers Christopher Peponis and Pat Corrigan; construction lawyer Matt Petrosino; capital markets lawyers Julian Seiguer and Ieuan Adrian List; and investment funds lawyers Townshine Wu and Alex Lazar.
Kirkland brings together market-leading capabilities across M&A, finance, tax, restructuring and regulatory matters to design bespoke capital solutions for transformative transactions. The Firm combines unmatched experience in high-grade capital with deep asset-level experience to advance clients’ strategic objectives.
