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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.

Blackstone Infrastructure Partners Acquires Minority Interest in Indiana Utilities Company in $2.15 Billion Deal

Paul, Weiss advised Blackstone Infrastructure Partners in the $2.15 billion acquisition of a 19.9% equity interest in NiSource subsidiary Northern Indiana Public Service Company LLC (NIPSCO). NIPSCO is Indiana’s largest vertically-integrated electric and gas distribution company, providing critical utility service to almost 1.3 million customers. Under the transaction, Blackstone Infrastructure Partners will support NIPSCO’s energy transition and decarbonization programs, and help to increase gas and electric grid resiliency for its customers.

The Paul, Weiss team was led by corporate partner Ravi Purohit and counsel Michael Spirtos.

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