Simpson Thacher represented the EQT Infrastructure II fund and Contanda LLC in connection with the completed sale of Contanda to institutional investors advised by J.P. Morgan Asset Management. Financial terms of the transaction were not disclosed.
Headquartered in Houston, Texas, Contanda is a premier provider of storage and logistics services to owners of bulk liquid products in North America. Contanda has over seven million barrels of storage capacity across 15 terminals in North America. Contanda is focused on growth in the petrochemical, hydrocarbon and renewable markets while maintaining a leading market position in the petroleum, chemical and agricultural commodity sectors.
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 20 active funds. EQT funds have portfolio companies in Europe, Asia and the U.S. with total sales of more than EUR 21 billion and approximately 127,000 employees.
The Simpson Thacher team includes Robert Langdon, Michael T. Holick, Simon Chiu, Sangitha Palaniappa, Christine Paster, Megan Whitman and Paul Clatterbuck (M&A); Brian Steinhardt, Amy Beller, Eli Isak and Michael Gajewsky (Credit); Jonathan Goldstein, Nicole Humphrey and William Smolinski (Tax); David Rubinsky, Monisha Bhayana and Caitlin Fitzgerald (Executive Compensation and Employee Benefits); Jason Glover, Robert Lee and Ethan Chionh (Funds); Krista McManus and Dennis Loiacono (Real Estate); Tim Mulvihill (Environmental); Marcela Robledo and Marissa Lambert (Intellectual Property); and Sara Razi, Ellen Frye and Tomi Mendel (Antitrust).