© 2014 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(June 5) – The Woodlands-based Navitas Midstream Partners announced Thursday that it will receive a line-of-equity investment from an affiliate of the global private equity firm, Warburg Pincus, for up to $500 million.
Houston attorneys from Locke Lord led Navitas Midstream in the deal, which included partner Bill Swanstorm, co-chair of the firm’s energy practice group; partner Mitch Tiras, chair of the firm’s corporate and partnership tax section; and tax associate Eric Larson.
Houston M&A partner Adam Larson, Dallas tax partner David Peck and Houston M&A associate Adam Lyons of Vinson & Elkins represented Warburg Pincus.
Navitas Midstream was formed in 2013 by the former executive management team at Copano Energy after Kinder Morgan acquired it for $5 billion. Navitas says on its website that Warburg Pincus’ investment will provide the company a competitive advantage in today’s midstream marketplace.
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