© 2015 The Texas Lawbook.
By Natalie Posgate
(Feb. 3) – Dallas-based EnLink Midstream Partners, LP has agreed to purchase Midland-based Coronado Midstream for $600 million.
Houston partners Mark Metts and Anna Ha and associate Julie Gremillion from Sidley Austin led the deal for Coronado, which owns natural gas gathering and processing facilities in the Permian Basin. They received assistance from Houston partner Tim Devetski and associates Chris Bloom and Margaret Mudd, Dallas counsel Dusan Clark and attorneys from the firm’s Chicago office.
Sidley has advising history with Wexford Capital, one of Coronado’s largest equity holders, in energy and non-energy matters. Metts and Ha have had Wexford as a client since before they left Jones Day to join Sidley’s Houston office, which opened in 2012.
Dallas partner Doug Rayburn of Baker Botts led the deal for EnLink. He received assistance from Dallas partners Preston Bernhisel, Steve Marcus and Eric Winwood and associates Tara Lancaster and Ryan Scofield; Houston partner Chris Wilson and associate Claire Fernandez; and Austin partner Aileen Hooks.
In September 2014, Rayburn and many from this deal team advised EnLink when it acquired Gulf Coast natural gas pipeline assets from Chevron for $235 million.
Kendall Talbott, an in-house lawyer for EnLink, was also involved in the deal.
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