Firm Represents ClearBridge Energy MLP Opportunity Fund Inc. in its IPO
06.21.11
This is only gets display when printing
Simpson Thacher represented ClearBridge Energy MLP Opportunity Fund Inc. (the “Fund”) in connection with its initial public offering of common stock. The offering raised approximately $621 million assuming full exercise of the underwriters’ overallotment option. The Fund is a newly organized, non-diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol “EMO”. The underwriting syndicate for the offering was led by Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
The Fund’s investment objective is to provide long-term investors a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its investment objectives by investing primarily in master limited partnerships in the energy sector. Legg Mason Partners Fund Advisor, LLC is the Fund’s investment manager. The Fund’s subadviser is ClearBridge Advisors, LLC, a subsidiary of Legg Mason, Inc.
The Simpson Thacher team for the transaction included: Sarah Cogan, Rafael Vasquez, Jonathan A. Lieberman Fernández and summer associate Jacqueline Barbera (Capital Markets); Michael Isby (Environmental); and Marcy Geller, Jonathan Cantor and Christian Miller (Tax). Paralegal Desiree Wiggins provided valuable assistance.