Kirkland Leads on Blackstone's $1.2 billion Shale Buy

The Blackstone Group will buy Royal Dutch Shell's 50 percent stake in a joint venture in Haynesville Shale. The acquisition marks yet another private equity deal led by corporate partner Andrew Calder, a former partner of Simpson Thacher & Bartlett, which has gone head-to-head with Kirkland & Ellis in that space.

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