Melissa Kalka, Emily Lichtenheld, Andy Calder, Mary Kogut, Chad Davis, Julian Seiguer, Bryan Flannery, David Wheat, Stephen Butler, Brooksany Barrowes, Ben Hardison, Doug Bacon
January 24, 2026
Kirkland Advises Acquiring Consortium of Global Infrastructure Partners (GIP) and Canada Pension Plan Investment Board (CPPIB) on Decision to Acquire ALLETE and GIP on its Consortium Arrangement with CPPIB to Acquire ALLETE

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AI-made summary
- Kirkland & Ellis advised the consortium of Global Infrastructure Partners (GIP) and Canada Pension Plan Investment Board (CPPIB) in a definitive agreement to acquire all outstanding shares of ALLETE for $67.00 per share in cash, totaling $6.2 billion including debt
- The firm also counseled GIP on its consortium arrangement with CPPIB
- ALLETE is an energy company focused on renewables, carbon reduction, grid resiliency, and innovation.
Kirkland & Ellis counseled the acquiring consortium of Global Infrastructure Partners (GIP) and Canada Pension Plan Investment Board (CPPIB) in the definitive agreement where GIP and CPPIB will acquire all of the outstanding shares of common stock of ALLETE for $67.00 per share in cash, or $6.2 billion including the assumption of debt. Kirkland also counseled GIP in its consortium arrangement with CPPIB. ALLETE is a leading energy company and provider of safe, reliable and competitively priced energy with a national footprint. Together, ALLETE and its family of companies, which includes regulated utilities and renewable energy companies, are focused on driving the clean-energy transition by expanding renewables, reducing carbon, enhancing grid resiliency and driving innovation. Read the transaction press release The Kirkland team counseling the consortium on the acquisition was led by corporate partners Melissa Kalka, Emily Lichtenheld and Andy Calder; and included debt finance partners Mary Kogut and Chad Davis; capital markets partners Julian Seiguer and Bryan Flannery; tax partners David Wheat and Stephen Butler; and energy regulatory partner Brooksany Barrowes. The Kirkland team advising GIP on its consortium arrangement with CPPIB was led by corporate partners Ben Hardison and Doug Bacon.
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Melissa Kalka, Emily Lichtenheld, Andy Calder, Mary Kogut, Chad Davis, Julian Seiguer, Bryan Flannery, David Wheat, Stephen Butler, Brooksany Barrowes, Ben Hardison, Doug Bacon
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