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Latham & Watkins Advises Renewable Energy Group in US$3.15 Billion Acquisition by Chevron

February 28, 2022
A multidisciplinary deal team represents the international producer of sustainable fuels in transaction expected to build strength and accelerate growth across renewable fuels value chain.

Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) have announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at US$3.15 billion, or US$61.50 per share. The acquisition combines REG’s growing renewable fuels production and leading feedstock capabilities with Chevron’s large manufacturing, distribution, and commercial marketing position.

Latham & Watkins LLP represents REG in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Mark Gerstein and New York partner David Owen, with associates Sean Parish, Aidan Milstead, Andrew James, Micah Kamoe, Autumn Schmidt, and Jay Trewn. Advice was also provided on capital markets and SEC matters by Century City partner Brent Epstein, Chicago partner Roderick Branch, and Washington, D.C. partner Joel Trotter, with associate Andrew Rutsky; on benefits and compensation matters by Los Angeles partner Michelle Carpenter, with associates Aaron Tso and Vanessa King; on intellectual property matters by New York partner Jeffery Tochner, with associate Victoria McGrath; on environmental matters by New York partner Jean-Philippe Brisson, with associates Benjamin Einhouse and Donna Chen; on tax matters by Chicago partner Diana Doyle and New York partner Eli Katz, with associate Michael Zucker; on finance matters by San Diego partner Omar Nazif, Washington, D.C. counsel Christopher Dolan, and San Diego counsel Sosi Biricik Klijian, with associate Jim Lambert; on antitrust matters by Washington, D.C. partner Michael Egge and Frankfurt partner Max Hauser, with associates Caitlin Fitzpatrick and Sean Mulloy; on litigation matters by Orange County partner Michele Johnson, with associates Ryan Walsh and Erik Jensen; on real estate matters by San Diego partner Robert Frances; on FCPA matters by Chicago partner Meredith Monroe and Washington, D.C. counsel Andrew Galdes, with associate Joseph Grosser; on foreign direct investment matters by Hamburg counsel Jana Dammann de Chapto; and on data privacy matters by Bay Area counsel Robert Blamires, with associate Kathryn Parsons-Reponte. 

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