VTTI Energy Partners LP’s $481 Million merger with VTTI B.V.

Baker Botts Represents Evercore as Financial Advisor to the Conflicts Committee in $481 Million Going-Private Merger of VTTI

VTTI Energy Partners LP (NYSE: VTTI) (the “Partnership”) announced that it has entered into a definitive merger agreement with VTTI B.V. (“VTTI”) pursuant to which VTTI will acquire, for cash, all of the outstanding publicly held common units of the Partnership, at a price of US$19.50 per common unit for an aggregate transaction value of approximately US$481 million. The revised price represents an increase of US$0.75 when compared to the offer of US$18.75 per common unit made by VTTI on March 2, 2017. The merger is expected to close in the third quarter of 2017, and is subject to the satisfaction of certain conditions, including the approval of the merger agreement by the unitholders..

Baker Botts represented Evercore as financial advisor to the conflicts committee of VTTI Energy Partners LP in this transaction with a team including Josh Davidson (Picture); Jennifer Gasser (Associate, Houston).

Involved fees earner: Joshua Davidson – Baker Botts; Jennifer Gasser – Baker Botts;

Law Firms: Baker Botts;

Clients: Evercore Partners;

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Author: Ambrogio Visconti