Latham & Watkins Advises Ares in Joint Venture With Savion

Savion Equity, LLC (Savion), a subsidiary of Shell plc, and a fund managed by the Ares Infrastructure Opportunities strategy (Ares), have announced the formation of Tango Holdings, LLC, a joint venture that will support solar energy development and management in the United States. Savion is transferring majority ownership of five solar assets into this joint venture.

Latham & Watkins LLP represented Ares in the transaction with a corporate deal team led by New York partner David Owen, with associates Marc Klepner, Rachel Klein, and Jeremie Ruiz. Advice was also provided on tax matters by Houston partner Jim Cole, with associate Andrea Herman; and on project development and finance matters by Los Angeles/New York partner Matthew Henegar, with associates Andres Chester, MinJoo Lee, and Ike Obioma.