Tallgrass Energy Partners, LP’s Acquisition of an additional 24.99 percent membership interest in Rockies Express Pipeline LLC


Baker Botts Represents Tallgrass Development, LP in Sale of 24.99 Percent Membership Interest in Rockies Express Pipeline LLC

Tallgrass Energy Partners, LP (NYSE:TEP) announced that it has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (“REX”) from Tallgrass Development, LP for cash consideration of $400 million effective March 31, 2017. The acquisition increases TEP’s ownership interest in REX to approximately 50 percent.

Baker Botts represented Tallgrass Development, LP and its affiliates in this transaction with a team including Mollie Duckworth (Picture), Jon Nelsen and Rachel Ratcliffe.

Involved fees earner: Mollie Duckworth – Baker Botts; Rachel Ratcliffe – Baker Botts; Jon Nelsen – Baker Botts;

Law Firms: Baker Botts;

Clients: Tallgrass Energy Partners, LP ;

Author: Ambrogio Visconti