Kirkland Advises Höegh LNG Holdings Ltd. on Agreement to Acquire All Publicly Held Common Units of Höegh LNG Partners LP
Kirkland & Ellis advised Höegh LNG Holdings Ltd. (Höegh LNG) on its entry into a definitive merger agreement with Höegh LNG Partners LP (NYSE: HMLP), pursuant to which Höegh LNG will acquire, for cash, all of the outstanding publicly held common units of the partnership of at a price of $9.25 per common unit for a total purchase price of approximately $167.6 million. The revised price represents an increase of $5.00 when compared to the offer of $4.25 per common unit made by Höegh LNG on December 3, 2021, a premium of 35.0% to the closing price of the partnership's common units of $6.85 per unit on May 24, 2022 and a premium of 39.2% to the volume weighted average price of the partnership's common units for the 30-trading day period ended May 24, 2022.
The Kirkland team was led by corporate partners Sean Wheeler, Enoch Varner and Stuart Boyd, tax partners David Wheat and William Dong, executive compensation partner Rob Fowler, debt finance partners Mary Kogut and Shan Khan, capital markets partners Matthew Turner and Ann Becchina, environmental transactions partners Paul Tanaka and James Dolphin III, antitrust partners Michael Thorpe and Philip Gnatzy, litigation partners Sandra Goldstein, Richard Boynton and Stefan Atkinson, and international trade and national security partner Luci Hague, and also included corporate associates Tori Newton, James Long, Carter Johnston, Neeloy Azad, Patrick Corrigan and Nnamdi Ezenwa, capital markets associate Colton Lyons, tax associate Griffin Peeples, and litigation associates Mike Rusie and David Strecker.
