Simpson Thacher is representing funds managed by KKR in connection with its agreement to sell its 40% stake in Pembina Gas Infrastructure Inc. ("PGI") to Apollo-managed funds. The transaction is expected to close in the second quarter of 2026.
Since its formation as a joint venture between KKR and Pembina Pipeline Corporation, PGI has since grown into one of the largest independent gas processing platforms in Western Canada, with a combined processing capacity of approximately five billion cubic feet per day.
The Simpson Thacher team includes Breen Haire, Shamus Crosby, David Bumgardner, Mark Kunzman, Alexiz Magro-Malo and Nikola Hew (M&A); Nancy Mehlman and Angela Sbano (Tax); Peter Guryan, Étienne Renaudeau and Richard Jamgochian (Antitrust); Steven DeLott (Insurance); Christopher Brown and Cem Islikci (Banking and Credit); Krista McManus (Real Estate); Toby Chun and Logan Lineberry (Environmental); David Rubinsky (Executive Compensation and Employee Benefits); James Talbot and Sara Liu (Intellectual Property); and Ryan Stalnaker (Regulatory).