White & Case Advises Global Infrastructure Partners on US$1.825 Billion Acquisition of Medallion Gathering & Processing, LLC

Press Release
1 min read

Global law firm White & Case LLP has advised Global Infrastructure Partners (GIP) on its agreement to acquire Medallion Gathering & Processing, LLC (Medallion), the owner of the largest, privately held crude oil transportation system in the Midland Basin of West Texas.

GIP will acquire Medallion from sellers The Energy & Minerals Group and Laredo Petroleum, Inc. (NYSE: LPI) for a cash purchase price of US$1.825 billion plus additional cash consideration that is linked to GIP’s realized profits at exit.  White & Case also advised GIP on the US$725 million of stapled debt financing to be provided by Jefferies LLC.

The White & Case team that advised on the transaction was led by partner Jason Webber and included partners Jane Rueger, Henrik Patel, Rebecca Farrington, Sang Ji and Elena Millerman, as well as associates Luke Laumann, Hamad Al Hoshan, Peter Dagher, Zachary Henick, Chen Zhang, Alex Miller and Shea Thompson.

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