Fluence, a global energy storage solutions provider, has announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest US$125 million in Fluence through a private placement transaction. Consummation of the transaction is subject to the satisfaction of customary closing conditions, including regulatory clearances. QIA’s investment brings another strong financial partner to The AES Corporation and Siemens joint venture, further supporting Fluence’s mission to transform the way we power our world for a more sustainable future.
Latham & Watkins LLP represents Fluence in the transaction with a corporate deal team led by New York partner David Concannon, with New York associates Andrew Modell, Teddy Ellison, Dian Yu and Daniel Grill. Advice was also provided on benefits and compensation matters by New York partner Austin Ozawa, with New York associate Megan Alessi; on tax matters by New York partner Matthew Dewitz, with New York associate Michael Syku; on intellectual property matters by New York partner Jeffrey Tochner, with New York associate Caroline Herald; on CFIUS-related matters by Washington, D.C. partner Les Carnegie, with Washington, D.C. associate Tahura Lodhi; on compliance matters by Washington, D.C. counsel Timothy McCarten; and on regulatory matters by New York counsel Pia Naib.