Kabir Phaguda

Kabir Phaguda advises clients on an array of complex domestic and cross-border transactions in the energy and infrastructure space, including mergers and acquisitions, equity investments and other strategic transactions.

In particular, Mr. Phaguda has extensive experience representing power and oil and gas conglomerates, as well as financial investors, on the purchase and sale of energy assets and on governance matters, including the formation, merger, acquisition and restructuring of all forms of business entities.

In recognition of his work, Mr. Phaguda has been repeatedly named one of Best Lawyers’ Ones To Watch in America for Corporate and Mergers & Acquisitions.

Prior to joining Skadden, Mr. Phaguda was an associate at another global law firm, where he advised on numerous high-profile transactions, including:

• Calpine Corporation in its $26.6 billion acquisition by Constellation to create the nation’s largest clean energy provider
• CNOOC International in its $1.7 billion sale of CNOOC Holdings USA Inc. to INEOS Energy
• EnCap EFT in its:
  • $1 billion sale of Broad Reach Power LLC, one of the premier independent utility-scale energy storage and renewable energy platforms in the U.S., to ENGIE
  • joint venture with Apollo in Broad Reach Power LLC
  • sale of Jupiter Power LLC, a leading operator and developer of stand-alone utility-scale battery energy storage systems in the U.S., to an affiliate of BlackRock Alternatives
• Ara Partners, a leading private equity firm that specializes in industrial decarbonization investments, in its acquisition of Genera Energy Inc., a manufacturer of non-wood agricultural pulp and molded fiber products
• Cobepa S.A. in the acquisition of MicroConstants Inc., a California-based contract research organization, by BioAgilytix Labs, LLC, a portfolio company of Cobepa
• Vitol, Inc. in its strategic investment in Delfin Midstream, Inc. (Delfin) in connection with Vitol’s 15-year Henry Hub-linked LNG SPA for 0.50 million tonnes per annum of LNG offtake (with an estimated revenue value of $3 billion) from Delfin’s proposed deepwater floating LNG export project off the coast of Louisiana
• Sixth Street Partners, LLC, a global investment firm, in its $402 million overriding royalty interest acquisition and joint venture with Antero Resources Corporation
• IFM Investors in the acquisition by IFM Global Infrastructure Fund of Buckeye Partners, L.P., a publicly traded master limited partnership with owns and operates a diversified global network of pipeline assets and midstream logistics solutions, in a take-private transaction at an enterprise value of $10.3 billion and equity value of $6.5 billion
• Macquarie Infrastructure Corporation in its $2.685 billion sale of International-Matex Tank Terminals, a bulk liquid terminals business, to Riverstone Holdings LLC
• Sole Source Capital, an industrial-focused private equity firm, in its platform acquisition of Dallas Plastics, a leading manufacturer of blown polythylene film with printing, embossing, and other value-added capabilities for the medical, food and industrial end-use markets
• Abu Dhabi Future Energy Company (Masdar) on its acquisition of John Laing Group’s stakes in two wind farms in the United States (the Rocksprings wind farm in Texas and the Sterling wind farm in New Mexico)
• IFM Investors in the acquisition by IMF Global Infrastructure Fund, Vitol Group, and Vitol Investment Partnership II Ltd of Buckeye Partners LP’s 50% equity interest in VTII BV, the leading global independent provider of crude oil, refined product, and other petroleum storage, in consideration of cash proceeds of $975 million
• AutoLotto, Inc., a leading platform to pay the lottery online, in its $526 million business combination with Trident Acquisitions Corp
• CVC Capital Partners in its acquisition of OANDA Global Corp., a global online retail trading platform, currency data and analytics company