HOUSTON – Bracewell LLP counseled Global Infrastructure Partners Capital Solutions Fund (GIP CAPS) in its majority position in a preferred equity investment of up to $250 million in Caprock Midstream (Caprock). Proceeds from the investment will be used to fund the expansion of Caprock’s natural gas gathering and processing assets in the Delaware Basin in the Permian Basin. GIP CAPS was formed by Global Infrastructure Partners, an independent fund manager that manages over $40 billion for its investors, to provide custom tailored financing solutions across energy and other infrastructure projects.
The deal closed on September 13, 2017.
Bracewell lawyers involved in this transaction included:
Partners: Thomas M. Tomlinson, Elizabeth L. McGinley, Rebecca L. Baker, Rebecca Keep, Tony L. Visage, William A. Wood III, Daniel E. Hemli, Gary W. Orloff and W. Cleland Dade
Senior Principal: Joshua C. Zive
Senior Counsel: Edmund W. Robb
Counsel: Tamara L. McKinzie
Associates: Kathy Witty Medford, Hobie Temple, Jonathan L. Seliger, Emily A. Banse, and Andrew W. Monk