Conyers provided Bermuda law advice to New Fortress Energy Inc. (Nasdaq: NFE) in connection with its acquisition of Hygo Energy Transition Ltd. (“Hygo”) and Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”). As a result of the acquisition, NFE is now the leading gas-to-power company in Brazil. The acquisitions completed on 15 April 2021.
Under the terms of its agreement with Hygo, NFE acquired all of the outstanding shares of Hygo for 31.4 million shares of NFE Class A common stock and US$580 million in cash.
Under NFE’s agreement with Golar, NFE has acquired all of the outstanding common units of Golar for US$3.55 per common unit in cash. The combined transactions are valued at a US$5.1 billion enterprise value and a US$2.43 billion equity value.
Director Jason Piney, Counsel Robert Alexander and Associate Amber Wilson of Conyers’ Bermuda office advised on this matter, working alongside Skadden, Arps, Slate, Meagher & Flom LLP.