Ravi Purohit

Mr. Purohit’s experience includes advising clients across a range of infrastructure sectors and private equity industries:

Digital Infrastructure

• Basalt Infrastructure Partners in its pending acquisition of Fatbeam, a leading broadband service provider
• Wafra in its pending partnership with Post Road Group and Intermountain Infrastructure Group, a leading fiber infrastructure developer and operator
• OpticalTel, a leading fiber broadband provider, in its pending majority investment by Antin Infrastructure Partners
• Blackstone Infrastructure Partners in its
  • US$10 billion take private acquisition of QTS Realty Trust, provider of data centers in North America and Europe with Blackstone Real Estate Investment Trust*
  • Acquisition of a 50% stake in Hotwire Communications, a fiber to the home provider, with Blackstone Tactical Opportunities*
• GI Partners in the take private acquisition of ORBCOMM, leading global provider of digital communication solutions for an implied value of US$1.1 billion*
• DigitalBridge in its
  • Acquisition of Telenet’s mobile telecommunication tower business for US$820 million
  • Acquisition of Landmark Dividend, a digital infrastructure company 
• Morgan Stanley Infrastructure Partners in its acquisition of a 49.99% interest in the Lightpath fiber enterprise business of Altice USA for an implied enterprise value of US$3.2 billion*
• Alinda Capital Partners in its 
  • US$600 million sale of DukeNet Communications, a regional fiber optics provider in North Carolina and South Carolina, to Time Warner Cable*
  • US$625 million acquisition of EmiTel, leading Polish television and radio broadcast tower company, from Montagu Private Equity*
• XM Satellite Radio Holdings on its US$13 billion merger of equals with Sirius Satellite Radio*
• Fortress Investment Group US$5.8 billion acquisition of portfolio company, Global Signal, a US cell phone tower owner and operator*

Energy Infrastructure

• ConocoPhilips in its acquisition of a 30% ownership stake and offtake arrangements with Sempra Infrastructure Partners at Port Arthur LNG Facility
• Wafra Inc.
  • Acquisition of a controlling interest in Mission Clean Energy, a utility scale renewable asset developer
• Blackstone Infrastructure Partners in its
  • Acquisition of a US$1 billion minority equity stake in FirstEnergy Corp
  • Acquisition of an approximately 42% stake in Cheniere Energy Partners by Blackstone Infrastructure Partners and Brookfield Infrastructure from Blackstone Energy Partners for an implied transaction value of US$7 billion*
  • US$3.6 billion take private acquisition of the limited partner interests in Tallgrass Energy LP held by public shareholders*
  • US$3.3 billion acquisition of General Partner and Limited Partner interests in Tallgrass Energy LP from Kelso, Energy Minerals Group and Management*
• Alinda Capital Partners in its
  • US$1.15 billion acquisition, and US$2.1 billion subsequent sale of, Houston Fuel Oil Terminal Company*
  • £350 million private takeover of Energy Assets Group plc, an industrial and commercial gas metering business, listed on the London Stock Exchange* 
  • US$1.89 billion sale of SourceGas Holdings, a natural gas utility in Arkansas, Colorado, Nebraska, and Wyoming, to Black Hills Corporation*
  • Acquisition of an 59% ownership stake in Howard Energy Partners and subsequent follow-on joint ventures and acquisitions, including a US$850 million joint venture with WPX Energy and US$500 million acquisition of Southwestern Energy Pennsylvania gas gathering assets*
  • Acquisition of 50% of the General Partner interest in Martin Midstream Partners*
  • US$505 million acquisition of NorTex Gas Storage*
  • US$525 million acquisition of 50% interest in Regency Haynesville Partnership Co., owner of a FERC regulated interstate natural gas pipeline, from Regency Energy Partners
  • Acquisition of a majority ownership interest in agri.capital, leading biogas and biomethane renewable energy producer in Germany
• Blackstone Credit Partners (f/k/a GSO Capital) in US$1.6 billion acquisition of a preferred 45% structured equity interest in Targa Badlands, owner of Targa Resource’s assets in Dakota* 

Transportation Infrastructure

• American Triple I in capital raising and underlying investment into the development of Terminal 6 at John F. Kennedy Airport in New York
• Blackstone Infrastructure Partners in its 
  • US$4.7 billion take private acquisition of Signature Aviation plc, a private aviation facilities and services company (fixed base operations) with Global Infrastructure Partners and Cascade Investments*
  • Acquisition of an 88% stake in Autostrade per I’Italia SPA, a leading European concessionaire for construction and management of toll roads and motorways, at an equity value of EUR9.3 billion and enterprise value of EUR19 billion*
  • Take private acquisition of Applegreen plc and add-on acquisition of HMSHost, two of the largest rest stops and motor service businesses in the United Kingdom and United States* 
  • Acquisition of a growth equity stake and, subsequently, a majority equity stake in Carrix Inc. and SSA Marine, the largest marine terminal operator in the US and the Americas and one of the largest marine terminal operators in the world
• Alinda Capital Partners in its 
  • US$800 million acquisition, and the US$1.87 billion subsequent sale, of InterPark Holdings, an owner and operator of off-airport and central business district parking lots and garage facilities*
  • US$1.05 billion sale of Aberdeen Airport, Southampton Airport, and Glasgow Airport by Heathrow Airports Holdings Ltd. to a consortium of Macquarie European Infrastructure Fund and Ferrovial Aeropuertos*
  • Acquisition and sale of an ownership interest in BAA Ltd./Heathrow Airport*
  • Acquisition of Virginia International Gateway, the owner of a state-of-the-art deep water marine container terminal in Portsmouth, Virginia, from A.P. Moller-Maersk Group*
• Fortress Investment Group in 
  • US$3.5 billion acquisition of Florida East Coast Industries, Inc., a holding company invested in railroads, real estate, transportation, and infrastructure assets*
  • US$1.1 billion acquisition of RailAmerica, a leading short line and regional rail service provider in the US and Canada* 
• Textron in its pending acquisition of Pipistrel, a Slovenian electric aircraft developer and manufacturer, for US$242 million
• TECO Energy on the US$405 million sale of TECO Transport Corporation to Greenstreet Equity Partners LP*

Water and Waste Infrastructure

• Alinda Capital Partners in the 
  • US$2.82 billion sale of Reliance Home Comfort, LP, a Canadian provider of water heater and HVAC systems, to Cheung Kong Property Holdings and Cheung Kong Infrastructure* 
  • Acquisition and subsequent sale of South Staffordshire, a UK regulated water utility*
  • Development, project financing and eventual sale of Santa Paula Water LLC, a wastewater treatment company* 
• Wisconsin Energy Corporation in the US$875 million acquisition by Pentair of WICOR Industries, manufacturer of water filtration products, from Wisconsin Energy Corporation*

Additional Private Equity Transactions 

• Searchlight Capital Partners in its strategic investment into Adams Outdoor Advertising, one of the largest out of home media operators in the United States
• Alinda Capital Partners in its
  • US$505 million sale of Reliance Protectron Inc., a monitored security services provider, to ADT Corporation*
  • Sale of Republic Intelligent Transportation Services, Inc., the largest provider of streetlight and traffic signal maintenance and construction services in the US, to Siemens AG*
• Fortress Investment Group LLC in its 
  • US$888 million acquisition by Nomura Holdings Inc. of 15% ownership interest in Fortress Investment Group LLC*
  • Portfolio company, Brookdale Senior Living, on its US$1.2 billion acquisition of American Retirement Corporation, an owner and operator of senior living facilities*
  • US$2.8 billion acquisition of Intrawest Corp., a ski/destination resort and travel company*
• Apollo Investment Corporation in its US$1.5 billion merger of Innkeeper USA Trust, a real estate investment trust focused on upscale extended-stay hotel properties*

Initial Public Offerings and Financings

• Fortress Investment Group on its initial public offering, marking the first public listing of an alternative asset manager in the US and honored as one of the Equity Deals of the Year in 2007 by International Financial Law Review*
• Underwriters on the initial public offering of The Blackstone Group, an alternative asset manager* 
• Significant experience with numerous debt and credit instruments, including Term Loan A, Term Loan B, private placements, line of credit and revolving credit lines*

*Matter handled prior to joining Latham