Overview
International law firm McDermott Will & Emery represented Woodland Midstream II, LLC (“Woodland”), a portfolio company of Texas-based private equity firm EIV Capital, LLC, in connection with Woodland’s execution of a Membership Interest Purchase Agreement to sell certain subsidiaries of Woodland that own and operate Permian Basin gas gathering and processing assets to DCP James Lake Holding LLC, a subsidiary of DCP Midstream, LP. The transaction is valued at $160 million, subject to certain customary adjustments.
- The transaction was announced on June 14, 2022 and is expected to close in the third quarter of 2022, subject to customary regulatory approvals.
- The McDermott deal team was led by Kevin Brophy and Jack Langlois and included Jibin Luke, Sarah Nabors, Alex Farr, Jacob Hollinger, Leslie Esposito, Matt Evola, Robert Lamkin, Heidi Steele, Andrew Kratenstein, Eric Orsic, Michelle Strowhiro, Sarah Engle, Dawn Peacock and Blake Wong.
- Read DCP’s press release here.
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