Shearman And Sterling

News November 19, 2019

Mubadala Investment Company’s $64 Million PIPE Transaction

Shearman & Sterling represented Mubadala Investment Company in connection with its purchase of approximately 10 million shares of common stock of NextDecade Corporation (NASDAQ: NEXT) in concurrent primary and secondary transactions for an aggregate purchase price of approximately $64 million. NextDecade will use a portion of the proceeds from the primary offering for development activities related to its Rio Grande LNG Project and an associated 137-mile Rio Bravo pipeline to supply gas to the Rio Grande LNG Project.

Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi. Mubadala’s $229 billion portfolio spans five continents with interests in multiple sectors including aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings across all asset classes.

The Shearman & Sterling team below included associates Brian Bishop and Yeonsue Kim. 

The Team