15 February 2018
Law360 has selected Latham & Watkins as an Energy Practice Group of the Year for 2017. The publication’s profile story highlighted how Latham lawyers have “shepherded a number of high-value, complex transactions over the last year” — amounting to “some $299.5 billion in energy-related transactions” — by applying their comprehensive transactional, regulatory, and multi-jurisdictional knowledge.
Law360 highlighted Latham’s role in several high-profile M&A energy deals, including client Energy Transfer Partners’ precedent-setting merger with Sunoco. According to Law360, the transaction “drew upon Latham’s expertise in master limited partnerships and public mergers and acquisitions across multiple offices, creating the second-largest master limited partnership in the U.S.” Law360 also highlighted Latham’s representation of long-time client Energy Capital Partners in the firm’s US$17 billion take-private acquisition of Calpine Corporation, a wholesale power generation company. David Kurzweil, Co-Chair of Latham’s Energy – Power Industry Group, told Law360 that the transaction “shows how we have tried to develop long-term, broad relationships with our clients, seeing them through the various cycles in their own development.”
The publication added that Latham’s notable project finance work has recently included the US$2.3 billion project financing of the AES Corporation's Southland Project, which “constituted the largest nonrecourse financing for a battery-based energy storage project” and “the largest combined private placement debt and bank facility debt for a construction financing in the U.S. power space ever.”
Law360 noted that Latham’s growing global practice — which “spans far beyond transactions” — is spread across the US and around the world, with international hubs in “London, Singapore and Tokyo, as well as Beijing and Shanghai, which deal with Chinese regulatory authorities, in particular.” Kurzweil told the publication that the group is further “expanding its focus on regulatory issues and has also brought in new partners concentrating on oil and gas, as well as tax equity for renewable energy sources.”