Ahmed Sidik, P.C.

Kirkland & Ellis advised HF Capital, LLC, the Tennessee-based family office of the Haslam family, on its investment of up to $725 million to launch Ara Energy Decarbonization, an initiative aimed at decarbonizing heavy industry, in partnership with Ara Partners, a global private equity and infrastructure firm dedicated to decarbonizing the industrial economy. Ara Energy Decarbonization will target investments in the conventional energy value chain, including power generation, merchant biofuels and supply and distribution businesses. Read the transaction press release The Kirkland team was led by corporate partners Shubi Arora, Dov Kogen, Ahmed Sidik and Ryan Harris and associates Neil Datar and Allison Azarloza; and investment funds partners Michael Reeves, Matt Nadworny and Samara Shepherd.

Sep 17

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 Mountain Creek Power, LLC on the sale of the Mountain Creek power plant in Texas to Trafigura Trading LLC and its joint venture partner Frontier Group of Companies for an undisclosed sum. The 808MW steam turbine gas-fired power plant in ERCOT, located close to Dallas, provides a flexible source of electricity during periods of high demand. Read Trafigura’s press release The Kirkland team was led by corporate partners Kristin Mendoza, Ahmed Sidik and Cammie Teo and associate Michael Goodrich; and tax partners David Wheat, Bill Dong and Jacob Walley.

Jul 3

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

Kirkland & Ellis advised Macquarie Asset Management on the sale of CEF-L Holding, LLC, the indirect owner of Lordstown Energy Center, a 940 MW natural gas-fired, combined cycle power generation facility in the Village of Lordstown, Ohio, to ArcLight Capital Partners. The transaction was entered into on Feb. 15, 2024 and is anticipated to close in the second quarter of 2024, subject to the satisfaction of customary closing conditions. Read Macquarie’s press release The Kirkland team was led by corporate partners Ahmed Sidik, Patrick Moneypenny and John Pitts.

Feb 20

1 min