New Fortress Energys’ $280 Million Initial Public Offering

Vinson & Elkins advised New Fortress Energy LLC. Skadden, Arps, Slate, Meagher & Flom LLP advised the underwriters.

New Fortress Energy LLC executed its initial public offering of 20,000,000 Class A shares representing limited liability company interests in New Fortress at $14.00 per share. The offering, which closed on February 4, represents the first IPO of an operating company in 2019 and priced three days following the re-opening of the Federal government.

Morgan Stanley, Barclays, Citigroup, Credit Suisse, Evercore ISI, Allen & Company LLC, JMP Securities and Stifel acted as underwriters on the offering.

New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to deliver fast-track, turnkey energy solutions that enable economic growth, environmental stewardship and transform local industries and communities.

Vinson & Elkins advised New Fortress Energy LLC with a team led by partners Dave Oelman and Ramey Layne and counsel James Brown with assistance from senior associate Raleigh Wolfe and associates Ximena Kuri, Lawrence Nelson, Alex Lewis and Billy Vranish. Also advising were partner Jason McIntosh, senior associate Allyson Seger and associate Neil Clausen; partner Stephen Jacobson, counsel Katherine Mull and senior associate Steven Oyler; partner John Decker and counsel Chris Terhune; and partner Mark Brasher.

Involved fees earner: Mark Brasher – Vinson & Elkins LLP; James Brown – Vinson & Elkins LLP; Neil Clausen – Vinson & Elkins LLP; John Decker – Vinson & Elkins LLP; Stephen Jacobson – Vinson & Elkins LLP; Ximena Kuri – Vinson & Elkins LLP; Ramey Layne – Vinson & Elkins LLP; Alexandra Lewis – Vinson & Elkins LLP; Jason McIntosh – Vinson & Elkins LLP; Katherine Mull – Vinson & Elkins LLP; Lawrence Nelson – Vinson & Elkins LLP; Steven Oyler – Vinson & Elkins LLP; David Palmer Oelman – Vinson & Elkins LLP; Allyson Seger – Vinson & Elkins LLP; Christopher Terhune – Vinson & Elkins LLP; Raleigh Wolfe – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: New Fortress Energy LLC;

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Author: Ambrogio Visconti