CMA CGM and Stonepeak Announce Groundbreaking Terminal Joint Venture, United Ports LLC

Ropes & Gray represented Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, in its agreement with the CMA CGM Group to launch United Ports LLC, a joint venture to acquire 10 of the major CMA CGM-operated port terminals worldwide. The joint venture is backed by a $2.4 billion investment from Stonepeak for a 25% minority stake. The deal was announced in a Jan. 28 press release.

The Ropes & Gray team was led by private equity partner Jessica Murray and private equity associate Andrea Daley and included private equity partners Taylor Hart, Emmanuel Mimin and Fabrice Cohen, tax partners Elaine Murphy and Colby Rogers, real estate partners Peter Alpert and Sally Davis, debt finance partners Arek Maczka and Stefanie Birkmann, litigation & enforcement partners Emerson Siegle and Ama Adams, executive compensation & employee benefits partner Kyle Higley, IP transactions partner Jordan Altman, employment partner Richard Kidd, asset management partner Jeremy Liabo, private equity counsel Maroussia Cuny, IP transactions counsel Thomas Burke, litigation & enforcement counsel Heather Sprague and Alison McLaughlin, and asset management counsel Lindsey Jones.