Simpson Thacher Advises Consortium of Investors on Financing for $22 Billion Kinder Morgan Inc. Acquisition
08.29.06
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The firm is representing an investment group consisting of Chairman and CEO Richard D. Kinder, together with other members of management, co-founder Bill Morgan, current board members Fayez Sarofim and Mike Morgan, and investment partners Goldman Sachs Capital Partners, American International Group, Inc., The Carlyle Group and Riverstone Holdings LLC in the financing of their $22 billion acquisition of Kinder Morgan, Inc., one of the largest energy transportation, storage and distribution companies in North America. Under the terms of the deal, which includes the assumption of approximately $7 billion of debt, Kinder Morgan, Inc. stockholders will receive $107.50 in cash for each share of Kinder Morgan, Inc. common stock they hold.
Simpson Thacher acted as financing counsel to the consortium. Richard Fenyes, Jennifer Hobbs, Brian Steinhardt and Justin Lungstrom represented the consortium on the financing for the transaction, Glenn Sarno, Mark Tibberts, David Wohl and Jacob Tiedt advised the consortium on regulatory and Investment Company Act matters.