Milbank LLP represented the co-owners of Colonial Enterprises in connection with their agreement to sell 100% of their shares in Colonial Enterprises, which holds the Colonial Pipeline, to Brookfield Infrastructure Partners L.P and its institutional partners. The co-owners of Colonial are Caisse de dépôt et placement du Québec, IFM Investors (IFM), KKR-Keats Pipeline Investors L.P., Koch Capital Investments Company, LLC and Shell Midstream Operating LLC. Colonial is comprised of the largest refined products system in the US, spanning approximately 5,500 miles between Texas and New York. The transaction is subject to customary closing conditions.
The Milbank team was led by Global Corporate/M&A partner and co-head of Milbank’s Global Infrastructure practice John Franchini and Global Corporate/M&A partner Aaron Stine, along with associates Rachel Rice, Joysheel Shrivastava, Justice Njoku, Christopher Puglisi and Gabriella Ferreira. The team also included Tax partner Max Goodman and associate Michael Rivkin; Global Project, Energy and Infrastructure Finance partner Jenna McGrath, special counsel Carlos Clemente and associate Jake Maguire; Antitrust partner Adam Di Vincenzo, special counsel Alexis Brown-Reilly and associate Alix Hudon; CFIUS partner John Beahn and associates Cara Cavanaugh and Clayton Melton; Executive Compensation partner Kelly Bartley and associate Joo Hyeon Lee; Environmental partner Matthew Ahrens and associate Allison Sloto; IP special counsel John Garces; Corporate Finance and Securities partner Antonio Diaz-Albertini; and law clerks Jackie Karol and Sarah Brooks.
