Allens has advised EIG, a private equity firm specialising in investments in energy and energy-related infrastructure, on its $US1.592 billion (AU$2.12 billion) purchase of a 10 per cent stake in Australia Pacific LNG from Origin Energy.
The deal builds on EIG's investment presence in the Australian market and represents the first private equity sponsor-led acquisition of an interest in an operational integrated LNG project globally. Allens advised EIG on all aspects of the transaction, including the M&A transaction with Origin and the Australian aspects of its debt financing.
'This significant investment from EIG highlights the ongoing appetite from private equity for investments in high-quality assets in the oil and gas sector, which have proven track records of delivering returns. The investment is a continuation of EIG's strategy to gain exposure to high-quality LNG assets. It has been a pleasure to have been able to assist EIG to bring this innovative transaction to signing,' said lead Partner Mark McAleer.
Allens has a market-leading oil and gas practice, having advised on almost all recent significant LNG M&A transactions in Australia.
