Sarah McLean Mentioned in Yahoo Finance on EnCap/EagleClaw Sale

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April 17, 2017

"Blackstone Energy Partners to Acquire EagleClaw Midstream Ventures"

EagleClaw Midstream Ventures, LLC (“EagleClaw”) and its financial sponsor, EnCap Flatrock Midstream, announced today that they have entered into a binding agreement to sell the company to funds managed by Blackstone Energy Partners and Blackstone Capital Partners for approximately $2 billion. Blackstone Energy Partners is the energy-focused private equity business of Blackstone (BX). The all-cash transaction is expected to close by the end of July 2017 and includes approximately $1.25 billion in stapled debt financing provided by Jefferies LLC.

Thompson & Knight LLP represented EnCap Flatrock Midstream, with partner Sarah E. McLean in the lead role from the firm’s Houston office.