Buckeye Partners acquires 50% of VTTI, a Vitol Group Company for $1.15 Billion

Vinson & Elkins advised the Vitol Group on the sale of a 50% stake in the VTTI Group, one of the largest independent global energy terminal businesses, to Buckeye Partners, L.P. for US$1.15 billion

Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally. Buckeye is a publicly traded master limited partnership and owns and operates a diversified network of integrated assets providing midstream logistic solutions.

The V&E team was led by Shaun Lascelles (Picture) and Simon Rootsey in London and included Thomas Crichton and Judy Blissard in Houston and Nicholas Connell in London.

Involved fees earner: Shaun Lascelles – Vinson & Elkins LLP; Simon Rootsey – Vinson & Elkins LLP; Nicholas Connell – Vinson & Elkins LLP; Thomas Crichton – Vinson & Elkins LLP; Judith Blissard – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Vitol Group;

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