Austin R. Uhm

Kirkland & Ellis advised Glentra Capital on its investment in energyRe LLC in connection with its $1.2 billion capital raise to support the expansion of its large-scale renewable energy portfolio comprising utility-scale transmission and storage, onshore wind and solar generation and offshore wind, alongside co-investors Novo Holdings and Denmark-based pension fund PKA. Glentra will leverage its track record in developing and constructing renewable energy assets in the U.S. to support energyRe, an independent U.S. clean energy developer, in expanding its development pipeline and delivering on its ambitious growth plan and mission of decarbonizing American cities with abundant, affordable clean power and modern, well-connected electric grids. As part of the transaction, Elia Group also agreed to acquire a stake in a subsidiary of energyRe: energyRe Giga. Read energyRe’s press release The Kirkland team was led by corporate partners Kristin Mendoza, Ahmed Sidik, Austin Uhm and Qasim Rasool and associate Marie-Joe Abi-Nassif, with debt finance partner Robert Eberhardt; ESG & impact partner Alexandra Farmer; and tax partners Bill Dong, Michael Masri, Sophia Han and Rebecca Fine.

Dec 4

1 min

Kirkland & Ellis counseled Apollo Funds on an agreement to acquire a 50% stake in a Texas solar and battery energy storage system (BESS) portfolio from TotalEnergies (NYSE: TTE). The portfolio includes approximately 2 GW of solar and BESS assets in strategic locations in Texas’ ERCOT market, consisting of three solar projects with a total capacity of 1.7 GW and two battery storage projects with a combined capacity of 300 MW. TotalEnergies will retain a 50% stake in the portfolio and continue to operate the assets. Over the past five years, Apollo-managed funds have deployed approximately $40 billion into energy transition and sustainability-related investments, supporting companies and projects across clean energy and infrastructure, including offshore and onshore wind, solar, storage, renewable fuels, electric vehicles as well as a wide range of technologies to facilitate decarbonization. Across asset classes, Apollo targets deploying $50 billion in clean energy and climate investments through 2027 and sees the opportunity to deploy more than $100 billion by 2030. Read Apollo’s press release The Kirkland team included corporate lawyers Adam Larson, Kristin Mendoza, Ahmed Sidik, Stephen Noh, Thomas Heffernan, Austin Uhm, Gabrielle Sumich, Josh Stout, Ernesto Sanz, Tyler Ambrose, Tristan Prentice and Tyler Ciavarra; debt finance lawyers Mary Kogut, Rob Eberhardt, Chad Davis, Kaitlin Schock and James Coromilas; tax lawyers Mike Masri, Mark Dundon, Nicole Martin and Parker Hasler; derivatives lawyer Brett Ackerman; construction lawyers James Clark, Ahmed Alrikhaimi and Ryan Chastain; energy regulatory lawyers Brooksany Barrowes and Luis Cruz; real estate lawyers Victoria Acuff and Hayden Steves; government, regulatory & internal investigations lawyers Nick Niles and David Strecker; employment & labor lawyers R.D. Kohut, Christine Lacku and Jon Link; employee benefits lawyers Maureen O’Brien and Abbi Semnisky; executive compensation lawyers Stephen Jacobson, Lany Villalobos and Farrah Way; technology & IP transactions lawyers Matt Lovell and Leah Weintrub; and transactional liability lawyer Jessica Sicsu.

Dec 4

1 min

Kirkland & Ellis advised ArcLight Capital Partners, LLC in its agreement with Duke Energy (NYSE: DUK) to acquire Duke Energy’s commercial distributed generation business for an enterprise value of $364 million, inclusive of non-controlling tax equity interests. The transaction is subject to certain customary conditions to closing. Read the transaction press release The Kirkland team was led by corporate partners Kristin Mendoza, Ahmed Sidik, Austin Uhm and Qasim Rasool, with tax partners Bill Dong and Mike Masri and debt finance partners Kelann Stirling and Rob Eberhardt, and corporate associates Marie-Joe Abi-Nassif, Brett Mele and Ernesto Sanz.

Jul 6

1 min

Kirkland & Ellis counseled affiliates of Basalt Infrastructure Partners LLC on a definitive agreement to acquire AEP OnSite Partners, which owns the distributed resources business of American Electric Power (Nasdaq: AEP), consisting of over 300 MW of projects at nearly 100 sites across the U.S. The transaction is subject to certain customary closing condition. Read the transaction press release The Kirkland team was led by corporate partners Kristin Mendoza, Ahmed Sidik, Austin Uhm and Qasim Rasool.

May 17

1 min

The Firm is representing Apria, Inc. (Nasdaq: APR) (“Apria”), in connection with Apria’s proposed acquisition by Owens & Minor, Inc. (NYSE: OMI) (“Owens & Minor”), for $37.50 in cash per share, representing an equity value of approximately $1.45 billion, as well as the assumption of debt and cash for a total transaction value of approximately $1.6 billion. The transaction is subject to customary closing conditions, including the approval of Apria’s stockholders, and is expected to close during the first half of 2022.~~Apria is a provider of integrated home healthcare equipment and related services in the United States. Owens & Minor is a global healthcare solutions company that incorporates product manufacturing, distribution support and innovative technology services to deliver significant and sustained value across the breadth of the industry – from acute care to patients in their home.~~The Simpson Thacher team includes Anthony Vernace, Michael Chao, Austin Uhm, Beini Chen and Kevin Perron (M&A); Jeannine McSweeney (Executive Compensation and Employee Benefits); Peter Guryan and Max Fischer-Zernin (Antitrust); Daniel Kay and Catherine Burns (Credit); Edgar Lewandowski (Capital Markets); Jonathan Goldstein and Ruoxi Zhang (Tax); Lori Lesser (Intellectual Property); Vanessa Burrows (Healthcare); Krista McManus, Dennis Loiacono and Stephanie Brenner (Real Estate); and Charles Mathes (Public Company Advisory).

Oct 1

1 min