Latham Advises Carlyle on US$2.6 Billion Sale of Copia Power to EQT

Global investment firm Carlyle (Nasdaq: CG) has announced that it has agreed to sell Copia Power (Copia), a leading US power and AI infrastructure development platform, to EQT, a purpose-driven global investment organization. The transaction reflects the growth of Copia from business plan creation into a leading power and AI infrastructure business during Carlyle's five-year ownership period.

Latham & Watkins LLP advised Carlyle on the transaction with a corporate deal team led by Washington, D.C. partner Ethan Schultz, Houston partner James Garrett, and Los Angeles partner Dan Sinaiko, with associates Matt de Bernardo, Vera Bespalova, Emily Brown, and Graham Core. Advice was also provided on tax matters by Chicago partner Michael Zucker, with associate Jay Khurana; on project development and project finance matters by San Diego partner Seth Richardson, with associates Tanya Khiatani, Avery Stefan, Cole Kauffman, and Shayla Birath; on real estate matters by San Diego counsel Aaron Friberg; on environmental matters by Los Angeles/Houston partner Joshua Marnitz and Orange County partner Nikki Buffa, with associates Georgia Bellett, Reilly Nelson, and Bruce Johnson; on power regulatory matters by Washington, D.C. partner Tyler Brown, and counsel Jamie Blackburn, with associate Alexandra Holmes; on benefits matters by Washington, D.C. partner David Della Rocca, with associate Bryce Groce; on labor and employment matters by New York partner Sandy Benjamin, with associates Alexis Grinstead and Lauren Stark, on antitrust matters by Washington, D.C. partners Ian Conner and Peter Todaro, and senior merger control attorney Matthew Piehl, with associate Ben Bouwman; on regulatory matters by Washington, D.C. partner Les Carnegie and counsel Zachary Eddington, with associate Christine Kalpin; on finance matters by Boston partner Susan Parker, with associate Matt Farina; on intellectual property matters by associates Andrew Abokhair and Austin Anderson; and on data privacy matters by Houston partner Robert Brown.