Kirkland & Ellis advised KKR, a leading global investment firm, on the signing of a definitive agreement pursuant to which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S. developer of large utility-scale solar and solar-plus-storage projects. Following the close of the transaction, KKR and existing investor EIG, a leading institutional investor in the global energy and infrastructure sectors, will be the sole equity investors in Avantus. Both equity sponsors are dedicated to supporting the next phase of Avantus’ growth, including having secured commitments for a substantial development financing facility alongside their equity commitments to the company, totaling upwards of $1 billion in the aggregate. Read KKR’s press release The Kirkland team was led by corporate partners John Pitts, Adam Garmezy and Randy Santa Ana; debt finance partners Roald Nashi, Greg Howling and Jacqueline Trudeau; tax partners David Wheat, Bill Dong, Richard Husseini and Leah Davis Patrick; and litigation partner Rex Manning.