Allan Kirk, P.C.

Kirkland & Ellis counseled TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, on the signing of a definitive agreement to acquire Olympus Terminals, a leading independent storage provider for renewable fuels and refined products in Southern California, majority owned by an affiliated investment fund of Davidson Kempner Capital Management LP and an affiliated investment fund of Intrepid Investment Management, LLC. The transaction will advance TPG Rise Climate’s efforts to reduce transportation-related greenhouse gas emissions by facilitating the import, storage, and distribution of renewable fuels in Southern California and accelerating California’s transition from conventional diesel to renewable diesel (RD). Read TPG Rise Climate’s press release The Kirkland team was led by corporate partners Kim Hicks and Allan Kirk; debt finance partners Lucas Spivey and Osaro Aifuwa; and tax partners Jared Rusman and Jacob Walley.

May 8

1 min

Kirkland & Ellis is advising funds managed by DIF Capital Partners, funds managed by Northleaf Capital Partners and HICL Infrastructure PLC on the sale of the Northwest Parkway to VINCI Highways, a subsidiary of global concession operator and construction company VINCI Concessions. The Northwest Parkway toll road is an approximately 14-kilometer toll road located in Denver, Colorado that serves as a vital connection between Northwest Denver and the Denver International Airport. The transaction is expected to close in the second quarter of 2024 following approval by the Northwest Parkway Public Highway Authority and other required approvals. Read the transaction press release The Kirkland team was led by corporate partners Michael Brueck, Allan Kirk, Michael Cline and Cory Baird and associates Max Chaffetz, Keyan Norman and Trent Nachbar and tax partners Stephen Butler and Michael Greenberg and associate Liz Ji.

Feb 28

1 min

Kirkland & Ellis advised BlackRock Inc. (NYSE: BLK) on its $550 million investment on behalf of clients in the development of STRATOS, the world's largest Direct Air Capture facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form a joint venture with Occidental (NYSE: OXY), through its subsidiary 1PointFive, that will own STRATOS. STRATOS is designed to capture up to 500,000 tonnes of carbon dioxide per year and is expected to provide cost-effective solutions that companies in hard-to-decarbonize industries can use in conjunction with their own emissions reduction programs. Construction activities for STRATOS are approximately 30 percent complete and the facility is expected to be commercially operational in mid-2025. Read the transaction press release The Kirkland team was led by corporate partners Brittany Sakowitz, Allan Kirk and Patrick Moneypenny; debt finance partners Roald Nashi, Gregory Howling, Linda Zang and Jacqueline Trudeau; tax partners David Wheat, William Dong and Sam Kamyans; and technology & IP transactions partner Daisy Darvall.

Nov 7

1 min

Kirkland & Ellis advised CapZone Impact Investments in connection with the launch of the United Submarine Alliance (USA) Qualified Opportunity Fund LP, formed to enhance the capacity of the Submarine Industrial Base and support the Navy's critical submarine production requirements, with direction from the defense department's National Defense Industrial Strategy. Kirkland also advised CapZone on the USA Fund’s purchase of Alabama Shipyard in Mobile, Alabama, renamed the Mobile Naval Yard, working closely with the U.S. Navy. This collaboration will lead the transformation of the 355-acre site into a modernized shipyard dedicated to supporting the Navy's Columbia and Virginia Class nuclear submarine programs. Read CapZone’s press release The Kirkland team advising on the launch of the USA Fund was led by investment funds partners Ben Briggs and Josh Morgan and associates Samantha Rose and Dwayne Paul; real estate partners Steve Tomlinson, Josh Hanna and David Stanek and associate Owen Gomez; and tax partners Mike Greenberg and Michael Farrell. The Kirkland team advising on the purchase of Alabama Shipyard was led by corporate partner Allan Kirk; debt finance partners Brian Greene and Sebastian Chan and associate Meng Ding; real estate partners Steve Tomlinson, Josh Hanna and David Stanek and associate Owen Gomez; antitrust & competition partner Michael Thorpe and associate Sarah Lonvick; tax partners Mike Greenberg and Michael Farrell; and international trade & national security partners Mario Mancuso and Luci Hague.

Sep 24

1 min

Kirkland & Ellis counseled private equity funds Blackstone and Vista Equity Partners on their agreement to acquire Energy Exemplar, a leading global provider of energy market simulation software. With the backing of Blackstone and Vista, Energy Exemplar gains new resources to help accelerate growth and drive platform innovation in support of grid reliability and the energy transition. Energy market participants worldwide rely on Energy Exemplar’s platform to optimize decision-making across both new asset development and existing operations. Utilities, power producers, grid system operators, and others in the energy transition ecosystem use the software to forecast market operations, drive long-term investments, and optimize ongoing operations across their assets and systems. Read the clients’ press release The Kirkland team was led by corporate partners Allan Kirk, Vlad Kroll and Randy Santa Ana, with assistance from corporate partners Rhett Van Syoc and Ari Levi; tax partners David Wheat and Joe Tobias; and antitrust & competition partners Mark Gardner, Jeff Ayer, Matthew Wheatley, Alasdair Balfour, Scott Scheele and Marin Boney.

Oct 31

1 min