Client Service All-Star – M&A

BTI Consulting 2021

Caroline Blitzer Phillips

New York
  • 1271 Avenue of the Americas
  • New York, NY 10020
  • USA
 
 

Caroline Blitzer Phillips advises public and private companies on mergers and acquisitions, with a particular focus on the power and renewables, energy transition, and infrastructure sectors.

Ms. Phillips has more than two decades of experience guiding clients through mergers and acquisitions, private investments, joint ventures, and other complex transactions within many facets of the power and renewables, energy transition, and infrastructure industries.

Ms. Phillips serves on the firm’s Women Enriching Business (WEB) Committee. She also serves on the board of trustees of the John P. Laborde Energy Law Center at Louisiana State University’s Paul M. Hebert Law Center, where she teaches an M&A course as an adjunct professor. She is also a frequent speaker and author on mergers and acquisitions.

Ms. Phillips served as a judicial clerk to Judge Jacques L. Wiener, Jr. of the US Court of Appeals for the Fifth Circuit.

Prior to joining Latham, Ms. Phillips practiced at another leading global law firm where she served as the Co-Chair of the New York Women’s Initiative.

Ms. Phillips’ experience includes advising:

Clean Energy and Renewables

  • Carlyle Global Infrastructure Opportunity Fund with respect to ASX Holdings as part of a joint venture between Carlyle and Schneider Electric to pursue microgrid development and other “energy as a service” projects, including an integrated microgrid and electric bus charging infrastructure project for the Brookville Smart Energy Bus Depot in Maryland*
  • Riverstone Holdings on the formation of Onyx Strategic Investment, a European independent power producer, its acquisition of a fleet of more than 2,000 MW of coal- and biomass-fired power stations from ENGIE S.A., and negotiations to convert certain power stations to biomass*
  • Riverstone Holdings on its formation and capitalization of Enviva Holdings, now the world’s largest producer of sustainable wood pellets biomass*
  • Enviva Holdings on its formation of two joint ventures with John Hancock to acquire and develop wood pellet production and marine export terminal facilities*
  • Enviva Partners on its acquisition of a wood pellet production facility from RWE*
  • Enviva Holdings on its acquisition of a wood pellet production facility from The Navigator Company*

Power
  • Carlyle Power Partners in a joint venture with EIG, and its US$1.4 billion acquisition of the 829 MW Panda Patriot and the 829 MW Panda Liberty power generation facilities in PJM, as well as the refinancing of the related senior debt and Carlyle’s subsequent acquisition of EIG’s equity in these facilities*
  • Ares Capital Corporation on its acquisition of the indirect equity in the Panda Stonewall 778 MW power generation facility in Virginia through a restructuring*
  • Warburg Pincus on its acquisition and subsequent sale of its interest in APT Generation, a portfolio of three electric-generating plants*
  • Tenaska Capital Management on acquiring the New Covert natural gas-fired power generation facility*
  • A consortium of certain new money equity investors, including Avenue Capital, in the announced more than US$18 billion acquisition and restructuring of Energy Future Holdings and Oncor, the largest transmission and distribution utility in Texas, and the conversion of the companies into a real estate investment trust*

Strategic M&A Transactions

  • Peninsula Pacific Entertainment on its US$2.485 billion sale of its gaming business to Churchill Downs
  • Queen’s Gambit Growth Capital, a special purpose acquisition company, on its US$1.1 billion business combination with Swvl, a Dubai-based provider of transformative mass transit and shared mobility solutions (pending)*
  • Focus Financial Partners on acquiring SCS Capital Management, an independent registered investment advisory firm with US$16.5 billion in regulatory assets under management*
  • Buckeye Partners on its US$1.7 billion acquisition of Bahamas Oil Refining Company, owner of the largest storage terminal facility in the Caribbean, from First Reserve and Vopak*
  • Natural Resource Partners on the sale of its construction aggregates business, VantaCore Partners, to Sun Capital Partners*
  • Penn Virginia Resource Partners on its US$1 billion acquisition of energy pipeline company Chief Gathering*
  • Buckeye Partners on acquiring a Puerto Rico refined petroleum products terminal from Shell*
  • Morgan Stanley Energy Partners on its acquisition of Specialized Desanders, a provider of sand management solutions to the oil and gas industry*

*Matter handled prior to joining Latham

 
 
 
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