CoolCo and EPS Ventures Merger

Fried Frank is advising Evercore as the financial advisor to the Special Committee of the Board of Directors of Cool Company Ltd (CoolCo), in its agreement to merge with EPS Ventures Ltd (EPS). Pursuant to the agreement, EPS will acquire all of the outstanding shares of CoolCo that are not already held by EPS in exchange for $9.65 in cash per common share. CoolCo is an LNG Carrier pure play with a fleet of 13 vessels and a well-balanced portfolio of short- and long-term charters with the world's leading oil & gas, trading, and utility companies. The merger is expected to close during the fourth quarter of 2025 or the first quarter of 2026. Read the companies' press release for more information.

The Fried Frank team was led by partners Philip Richter and Roy Tannenbaum and included associate Jenny Li.