A Locke Lord team led by partner Joe Perillo represents Houston-based El Paso Corp. in its pending $7.15 billion sale of its oil and gas exploration and production business, EP Energy Corp., to a consortium of private equity companies.
The sale of EP Energy to the affiliates of Apollo Global Management and Riverstone Holdings, along with others, including Access Industries Inc., through a leveraged buyout is expected to close during the second quarter. That’s around the time Kinder Morgan Inc. of Houston is expected to acquire El Paso in a deal valued at $38 billion, including debt.
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