El Paso Electric Goes Private in $4.3 Billion Buyout

After months of rumors about a possible sale, publicly traded utility El Paso Electric Co. announced Monday that it agreed to be taken private by Infrastructure Investments Fund – an investment vehicle advised by J.P. Morgan Investment Management Inc. – for $4.3 billion, including debt.

Baker Botts counseled El Paso Electric with a team led in part by corporate partner Tim Taylor, senior associate Carina Antweil and associates Stephen Noh and Emmie Proctor, all of Houston. Houston partner Rob Fowler and associate Gabriela Alvarez pitched in on employee benefits and executive compensation matters.