Milbank LLP advised investment funds affiliated with Starboard Partners in connection with their successful acquisition of a 38% equity stake in Gas TransBoliviano, the owner and operator of a gas pipeline in Bolivia, from investment funds affiliated with EIG.
Gas TransBoliviano owns and operates the 557 km Bolivian section of the Bolivia-Brazil Gas Pipeline, which connects the Bolivian natural gas reserves to the São Paulo and Porto Alegre markets in the southeastern region of Brazil. Starboard is a Brazilian alternative investment management firm focused on special situation and distressed investing, advisory services and the provision of interim management. EIG is a leading institutional investor in the global energy and infrastructure sectors with $23.5 billion under management as of March 31, 2023.
The Milbank team was led by Global Corporate partner Francisco Nuñez, Global Capital Markets partner Fabiana Sakai and associate Anthony Zurcher. The team also included Tax partner Max Goodman and associate Michael Rivkin and Transportation and Space partner Bijan Ganji and associate Ethan Heben.
