Simpson Thacher is advising Kimmeridge, the energy-focused alternative asset manager, in connection with an agreement to sell a 24.1% interest in Kimmeridge's SoTex HoldCo LLC ("SoTex") to Mubadala Energy, the Abu Dhabi headquartered international energy company, via the issuance of new equity.
SoTex holds two portfolio companies: Kimmeridge Texas Gas, which operates an upstream unconventional gas business in the Eagle Ford in South Texas, and Commonwealth LNG, which owns the 9.3 million metric tons per year (MTPA) pre-FID LNG liquefaction and export facility strategically located at the mouth of the Calcasieu Pass in Louisiana.
The Simpson Thacher team includes Katy Lukaszewski, Caleb Martin, Christine Robb and John Carter (M&A); Adam Arikat and Jenna Al-Malawi (Tax); Karen Kazmerzak, Josh Buckland and Kelly Karapetyan (Antitrust); Jason Hwang and Tyler Wills (Credit); and Will Golden (Capital Markets).