Höegh LNG Partners LP (NYSE:HMLP) agreed to acquire 51% stake in Höegh LNG Colombia Holding Ltd. from Höegh LNG Ltd. for approximately $190 million on December 1, 2016. Under the terms of the deal, purchase price for the acquisition will be $188.7 million, less $96.9 million, the pro rata amount of indebtedness that is expected to be outstanding under the credit facility related to the vessel as of the closing date of the acquisition. HMLP intends to settle the purchase price with cash. At HMLP’s election, it may settle the purchase price and any purchase pursuant to the option, with a combination of cash and one or more promissory notes from HMLP payable to Höegh LNG in an aggregate amount of up to $50 million. HMLP has the option to purchase the remaining 49% ownership on or prior to February 28, 2017 after getting approval from its board of directors and conflicts committee. The transaction is approved by the HMLP board and conflict committee and it expected to be closed by the end of January 2017. Evercore Partners Inc. acted as financial advisor for Höegh LNG Partners L.P. Höegh LNG Partners LP (NYSE:HMLP) completed the acquisition of 51% stake in Höegh LNG Colombia Holding Ltd. from Höegh LNG Ltd. on January 3, 2017.