Latham Advises Global Infrastructure Partners on US$3.3 Billion Sale of Controlling Interest in EnLink Midstream to ONEOK

ONEOK, Inc. (NYSE: OKE) (ONEOK) has announced that it has executed a definitive agreement with Global Infrastructure Partners (GIP) pursuant to which ONEOK will acquire GIP’s entire interest in EnLink Midstream, LLC (NYSE: ENLC) (EnLink), consisting of 43% of EnLink’s outstanding common units for US$14.90 per unit and 100% of the interests in the managing member for US$300 million, for total cash consideration of approximately US$3.3 billion.

Latham & Watkins LLP represents GIP in the transaction with a corporate deal team led by Houston partners Kevin Richardson, Ryan Lynch, and Bill Finnegan, with associates Clayton Heery, Haley Sandoval, Justin Reinking, Alexandra Cumberland, Braydon Jones, and Armaan Bhimani. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee, with associate Dominick Constantino; on benefits matters by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin; on HSR matters by Washington, D.C. partners Jason Cruise and Peter Todaro, with associates Matthew Piehl and Tim Crump; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Cody Kermanian; on intellectual property matters by Andrew Abokhair; on data privacy matters by Houston/Austin counsel Robert Brown, with associate Priyanka Krishnamurthy; on regulatory matters by Washington, D.C. partner Patrick Nevins; and on finance matters by New York partner Craig Kornreich, with associate Max Fin.