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The firm is representing Morgan Stanley as financial advisor to the Audit, Conflicts and Governance Committee of the general partner of Enterprise GP Holdings L.P. (NYSE: EPE) in connection with the proposed merger of EPE into a subsidiary of Enterprise Products Partners L.P. (NYSE: EPD) pursuant to a unit-for-unit exchange.  The exchange ratio represents a premium to the public shareholders of Enterprise GP Holdings L.P. of approximately 16% based on the September 3 closing prices of the respective publicly held units and implies an equity value for Enterprise GP Holdings L.P. of approximately $8 billion.

Enterprise Products Partners L.P. is the largest publicly traded energy partnership and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.  Enterprise GP Holdings L.P. is one of the largest publicly traded GP partnerships and it currently owns the general partner of, and limited partner interests in, Enterprise Products Partners L.P.  It also owns a non-controlling interest in the general partner of, and limited partner interests in, Energy Transfer Equity, L.P. (NYSE: ETE)

The Simpson Thacher team includes: Rob Spatt and Kate Renaud.