HOUSTON – Bracewell LLP advised the Conflicts Committee of the Board of Directors of the general partner of Tallgrass Energy Partners, LP (TEP) in the acquisition of a 25 percent membership interest in Rockies Express Pipeline LLC (REX) from a unit of Sempra U.S. Gas and Power (Sempra) for cash consideration of approximately $440 million. Tallgrass Development, LP (TDev), an affiliate of TEP, previously entered into a purchase agreement with Sempra to acquire the interest in REX. TDev then assigned its rights and obligations under the purchase agreement to TEP.
Bracewell attorneys involved in this transaction included:
Partners: Gary W. Orloff, Troy L. Harder, Timothy A. Wilkins and D. Kirk Morgan II
Associates: Charlotte E. Keenan and Tyler S. Johnson
Bracewell represents leading businesses throughout the world. Our clients range from large, publicly owned corporations to entrepreneurs involved in the formation and financing of start-up ventures. We also advise numerous privately held companies, closely held businesses, and investment and equity firms.