Global law firm White & Case LLP has advised Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, on its acquisition of a significant stake in Oryx Midstream Services (Oryx), the largest privately held midstream crude operator in the Permian Basin, from an affiliate of Stonepeak Infrastructure Partners (Stonepeak). In addition, QIA has committed to invest in the development of Oryx alongside Stonepeak. The total QIA investment in Oryx will be approximately US$550 million.
The White & Case team was led by partners Chang-Do Gong and Michiel Visser (M&A) in New York, and Charlie Ofner (Oil & Gas) in Houston. The team also included partner Farhad Jalinous and counsel Stacia Sowerby in Washington, DC (CFIUS); associates Aaron Raffel, Jackie LaBine and Tim Schultz in New York; and Nicole Rodriguez-Fierro, Anil Tanyildiz, Ted Seeger in Houston (M&A); as well as partner Andrew Kreisberg and associate Brandon Dubov in New York (Tax).
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