White & Case Advises NRG Energy, Inc. on its US$2.8 Billion Acquisition of Vivint Smart Home, Inc.
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Global law firm White & Case LLP advised NRG Energy, Inc., a leading integrated power company, on its US$2.8 billion acquisition of Vivint Smart Home, Inc., a leading smart home platform company, for a total transaction value of US$5.2 billion, including the assumption of debt.
The acquisition accelerates the realization of NRG's consumer-focused growth strategy and creates the leading essential home services platform fueled by market-leading brands, unparalleled insights, proprietary technologies and complementary sales channels. The transaction improves and diversifies NRG's financial profile while also expanding the total market opportunity available to NRG.
NRG is a Fortune 500 company operating in the United States and Canada that generates electricity and provides energy solutions and natural gas to millions of customers through a diverse portfolio of retail brands. NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working toward a sustainable energy future.
Vivint is a leading smart home company in the United States that delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24-7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves more than 1.9 million customers throughout the United States.
The White & Case team was led by M&A partners Thomas Christopher and Robert Chung, Capital Markets partner Daniel Nam, Employment, Compensation & Benefits partner Henrik Patel, and Debt Finance partners Eliza McDougall (all in New York) and Rob Morrison (Los Angeles). The team also included M&A associates Sunrita Sen (Chicago) and Jennifer Chu (New York); Capital Markets associates Joanna Heinz and William Quish (both in New York); Debt Finance associate Arthur Nahas (New York); Employment, Compensation & Benefits counsel Aaron Feuer and associate Anthony Veveakis (both in New York); Tax partner David Dreier and associate Ilan Har-El (both in New York); Technology Transactions partner Burr Eckstut and associate Mark Kim (both in New York); Intellectual Property counsel Henry Huang (Silicon Valley); Antitrust partners Rebecca Farrington, Kathryn Mims and Anna Kertesz, and associate Cassandra Calderon (all in Washington, DC); Data, Privacy & Cybersecurity partner F. Paul Pittman (Washington, DC); International Trade partner Cristina-Brayton Lewis (Washington, DC); Commercial Litigation counsel Robert Tiedemann (New York); Financial Services Regulatory partner Prat Vallabhaneni and associate Leslie Teng (both in New York); Real Estate partner Steven Lutt (New York) and counsel Amy Kurland (Chicago); and Environmental & Climate Change partner Seth Kerschner (New York).
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