McDermott Represents Woodland Midstream II (“Woodland”) in Connection with Woodland’s Execution of a Definitive Agreement to Sell Certain Subsidiaries to DCP James Lake Holding LLC for $160 Million
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.
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