August 28, 2020
First State Investments, a leading global investor in infrastructure, and Energy Capital Partners, a leading power and renewables private equity investor, announced that First State Investment is acquiring a 40% stake in Terra-Gen from ECP. The firms expect to complete the transaction in the fourth quarter of 2020 or early 2021, subject to regulatory approvals.
Latham & Watkins LLP represented Energy Capital Partners in the transaction with a corporate team led by New York partners David Kurzweil and Jane Greyf with New York associates J. David Kim, Karen Song, and Mack Weber. Further advice was provided on finance matters by New York partner Warren Lilien, Los Angeles partner Jeffery Greenberg and Washington, D.C. partner Benjamin Berman, with New York associate Nicole Goldman; on tax matters by New York partner David Raab with New York associate Ronald Moore; on compensation and benefits matters by Washington, D.C. partner David Della Rocca with Washington, D.C. associate Nikhil Kumar; on FERC matters by Washington, D.C. partner Natasha Gianvecchio with Washington, D.C. associate Jamie Blackburn; on CFIUS/Sanctions matters by Washington, D.C. partner Les Carnegie with Washington, D.C. associate Tahura Lodhi; on investment funding matters by New York partner Andrea Schwartzman with Washington, D.C. associate Lauren Ford; on real estate matters by Bay Area partner Robert Frances; on environmental matters by Orange County partner Christopher Norton; on antitrust matters by Washington, D.C. partner Jason Cruise, Washington, D.C. counsel Patrick English with Washington, D.C. associate LIndsey Champlin; and on EU regulatory matters by London partner John Colahan with Washington, D.C. associate Donald Cooley and London associates Anuj Ghai and Laurenz Bove.