White & Case Advised Calpine Corporation on Acquisition by Investor Consortium Led by Energy Capital Partners
Global law firm White & Case LLP advised Calpine Corporation on its acquisition by an affiliate of Energy Capital Partners and a consortium of other investors, including Access Industries Inc. and Canada Pension Plan Investment Board (CPPIB).
Calpine is a Fortune 500 company that is the largest generator of electricity from natural gas and geothermal resources in the United States, operating 80 power plants and servicing customers in 25 states, as well as in Canada and Mexico. White & Case has previously represented Calpine in various transactions, including its US$395.5 million sale of the Mankato Power Plant and its US$1.05 billion acquisition of Noble Americas Energy Solutions, LLC. Energy Capital Partners is a private equity and credit investment firm with over US$13 billion in capital commitments.
The White & Case team that advised on the transaction was led by M&A partners Morton A. Pierce, Chang-Do Gong, Robert Chung and Michael Shenberg in New York. The team also included partners William Dantzler, James Hayden, Ian Cuillerier, Gary Kashar, Andrew Weisberg, Nandan Nelivigi, Marius Griskonis, Glenn Kurtz, Arlene Hahn, Steven Lutt, Henrik Patel, David Bilkis, Andrew Hammond and Douglas Baumstein in New York; and Rebecca Farrington, Farhad Jalinous, Daniel Hagan, Mara Topping and Jane Rueger in Washington, DC; with support from counsels Seth Kerschner, Victoria Rosamond, Heather Waters Borthwick, Amy Delsack, Robert Tiedemann and Irina Yevmenenko in New York and Keith Schomig in Washington, DC; associates Suni Sreepada, Arian Mossanenzadeh, Caelah Nelson, Vinay Mysoor, Lauren Kim, Isaac Tendler, Julianne Prisco, Laura Mulry, Abigail Simon, Erin Choo, Rebeca Garcia-Lopez, Ryan Covington and Dominique Forrest in New York; Evan Zhao, Fredrick Wilson and Daniel Rosenthal in Washington, DC; Andrzej Omietanski and Yan Ng in London; and Julia Bell in Mexico City
White & Case was ranked Band 1 for Global-wide Projects & Energy by Chambers Global in 2017, and was also ranked the #1 Legal Advisor for Energy & Power M&A in the United States by deal value by the Thomson Reuters Corporation and the #1 Legal Advisor for Global Energy M&A Transactions by deal value by Mergermarket in 2016.
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