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New Fortress Energy to Acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in Combined $5B Transaction

Deals & Cases
January 13, 2021
New Fortress Energy to Acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in Combined $5B Transaction Background Image
Deals & Cases
January 13, 2021

Vinson & Elkins advised Hygo Energy Transition Ltd. (“Hygo”) in connection with a definitive agreement for New Fortress Energy Inc. to acquire Hygo, a 50-50 joint venture between Golar LNG Limited and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners and Golar LNG Partners, LP. The transaction is valued at a $3.1 billion enterprise value and a $2.18 billion equity value.

The V&E team was led by partners David Oelman and Lande Spottswood with assistance from senior associate Jing Tong and associates Alex Lewis, Rob Vezina and Natalie Stanley. Also advising were partner Eamon Nolan and associates Erin MacMullin and Helena Zhang; partners Kaam Sahely and Shay Kuperman, senior associate Nadine Amr and associates Steven Wilson, Caroline McDonald and Louise Fischel-Bock; partner Matt Dobbins and associate Audrey Doane; partner David D’Alessandro and counsel Dario Mendoza; partners Gary Huffman and Lina Dimachkieh and associate Liz Snyder; partner Sean Becker and counsel Martin Luff; partner Hill Wellford, counsel David Smith and senior associate Ryan Will; partners Fry Wernick and Damara Chambers and associate Brittany Harwood; partner John Michael; and partner Suzanne Clevenger.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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