Latham & Watkins Advises Denham Capital in Acquisition of Solops
Denham Capital, the global energy transition investment firm, has announced that it has closed on a purchase agreement with Solops, a premier developer, financier, and owner and operator of photovoltaic solar projects in the commercial and industrial sector throughout the United States. Under the agreement, Denham has acquired Solops and will support the growth of the business including execution of Solops’ 800+ MW pipeline of project investments with an initial commitment of US$200 million.
Latham & Watkins LLP represented Denham Capital in the transaction with a corporate deal team led by Houston partner James Garrett and Washington, D.C./Houston partner Ethan Schultz, with associates Catie English, Jameson Miller, Ben Marek, and Zek Zhang. Advice was also provided on project development and finance matters by Washington, D.C. partner Paul Hunt, with associates Annelise Karreman and Matthew Powell; on tax matters by Washington, D.C. partner Cheryl Coe and Houston partner Jim Cole, with associate Dylan White; on environmental matters by Orange County partner Chris Norton and Los Angeles/Houston counsel Joshua Marnitz, with associate Nathaniel Glynn; on real estate matters by San Diego partner Robert Frances and San Diego counsel Aaron Friberg; on regulatory matters by Washington, D.C. partner Tyler Brown, with associate Jamie Blackburn; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with associate Courtney Thomson; and on ESG matters by Austin/Washington, D.C. partner Sarah Fortt.