Sidley Austin Advises Midland Company in Acquisition
Baker Botts represents EnLink Midstream Partners in acquisition of Coronado Midstream Holdings.
February 03, 2015 at 08:00 AM
2 minute read
Sidley Austin represents Coronado Midstream Holdings of Midland in its pending acquisition by Dallas-based EnLink Midstream Partners in a deal valued at about $600 million.
EnLink turned to Baker Botts.
On Feb. 2, EnLink Midstream Partners LP and EnLink Midstream LLC announced that the partnership has signed a definitive agreement to acquire Coronado for about $600 million, subject to certain adjustments. The owners of Coronado will receive $240 million in cash, $180 million of common units in the partnership and $180 million of a new class of partnership common units.
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