HOUSTON — Bracewell & Giuliani LLP is representing Kinder Morgan Energy Partners, L.P. (NYSE: KMP) in its announced agreement to acquire Copano Energy, L.L.C. (NASDAQ: CPNO), a midstream natural gas company with operations primarily in Texas, Oklahoma and Wyoming. KMP will acquire all of Copano’s outstanding units for a total purchase price of approximately $5 billion, including the assumption of debt. The transaction will be a 100 percent unit for unit transaction with an exchange ratio of 0.4563 KMP units per Copano unit.
The transaction is expected to close in the third quarter of 2013.
Bracewell attorneys involved in thetransaction are:
Partners: Gregory M. Bopp, W. Cleland Dade, Troy L. Harder, Mark K. Lewis, Gary W. Orloff, and Aaron P. Roffwarg
Associates: Elizabeth B. Behncke, Stephen M. Boone, Melissa K. Buce, Lauren Kate Champion, George D. Fatula, Jordan A. Federko, Mona M. Guidry, and Molly E. Tucker
Bracewell is ranked among the top law firms for M&A transactions in league tables from Thomson Reuters, which list the firm as 25th for global transactions, 13th for U.S. transactions, and third for U.S. energy transactions. Recent work highlights for the firm include Kinder Morgan’s $38 billion purchase of El Paso Corporation and subsequent $7.15 billion sale of EP Energy, ConocoPhillips’s spin-off of Phillips 66, and more than $8 billion in transactions for Chesapeake Energy Corp. in 2012.