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EIG invests in Origin Energy

International law firm Allens has advised a private equity firm on its purchase of a 10 per cent stake in Australia Pacific LNG from Origin Energy.

November 02, 2021 By Lauren Croft
Mark McAleer
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Firm: Allens (EIG).

Deal: Allens has advised EIG, a firm specialising in investments in energy and energy-related infrastructure, on its $2.12 billion investment in return for a 10 per cent stake in Australia Pacific LNG from Origin Energy.

Value: $2.12 billion.

Area: Equity, M&A.

Key players: The Allens team was led by lead M&A partner Mark McAleer, supported by partners John Hedge and Jeremy Low.

Deal significance: The deal builds on EIG’s investment presence in the Australian market and represents the first private equity sponsor-led acquisition of an interest in an operational integrated LNG project globally. Allens advised EIG on all aspects of the transaction, including the M&A transaction with Origin and the Australian aspects of its debt financing.

Mr McAleer said: “This significant investment from EIG highlights the ongoing appetite from private equity for investments in high-quality assets in the oil and gas sector, which have proven track records of delivering returns.

“The investment is a continuation of EIG’s strategy to gain exposure to high-quality LNG assets. It has been a pleasure to have been able to assist EIG to bring this innovative transaction to signing.”

Lauren Croft

Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.

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