Latham & Watkins Advises Global Infrastructure Partners in the Sale of Competitive Power Ventures to OPC Energy

Global Infrastructure Partners (GIP), a leading global investor in infrastructure, and OPC Energy (OPC), a publicly traded Israeli electricity company, have entered into a definitive agreement pursuant to which GIP will sell Competitive Power Ventures (CPV), a leading North American natural gas, solar and wind powered and electric power generation development and asset management company, to OPC for approximately US$630 million in cash and up to US$95 million in the form of a seller note. The transaction is expected to close in the first quarter of 2021, subject to customary regulatory approvals. 

Latham & Watkins LLP represented GIP in the transaction with a corporate deal team led by New York partner David Kurzweil and Washington, D.C. counsel Aaron Hullman, with New York associates Sašo Kraner and Joshua Reisman. Advice was also provided on tax matters by New York partner David Raab, with New York associate Shruti Hazra; and on finance matters by New York partner Jonathan Rod, with Washington, D.C. associate Eric Merrill.