Ipek Candan Snyder
Ipek Candan Snyder is a partner in the Mergers & Acquisitions Practice Group, and is resident in the New York office. Ipek focuses on the representation of corporate clients in connection with domestic and global mergers and acquisitions, private equity transactions, divestitures, restructurings, reorganizations, and joint ventures in a broad range of industries, including power (renewables and conventional), infrastructure, telecommunications, oil & gas and industrials. Ipek has also advised clients on general corporate and corporate governance matters, and offerings of debt and equity securities, both public and private placements.
Korea Hydro & Nuclear Power Co., Ltd., Alpha Asset Management, Sprott Korea Investment, Hana Financial Investment and Korea Investment & Securities, as a consortium, in its US$1.5 billion acquisition of a 49.9% stake in a wind farm portfolio from Brookfield Renewable and Invenergy LLC.
Metso Corporation, a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries, in its acquisition of Canadian mobile crushing and screening equipment manufacturer McCloskey International.
Abu Dhabi Future Energy Company (Masdar), one of the world’s leading clean energy developers and a subsidiary of Mubadala Investment Company, in its landmark acquisition of a 50 percent stake from EDF Renewables North America in a 1.6 GW clean-energy portfolio, consisting of three utility-scale wind farms in Nebraska and Texas, totaling 815 MWs, and five photovoltaic solar projects in California (including two battery energy storage units), totaling 689 MW of solar and 75 MW of lithium-ion battery energy storage.
Abu Dhabi Future Energy Company (Masdar) in its acquisition of John Laing Group's stakes in two wind farms in the US. The transaction marked Masdar's first North American renewable energy investment.
I Squared Capital, through its ISQ Global Infrastructure Fund I, in the sale of its interests in Kendall Green Energy to Veolia Energy North America. Kendall is a cogeneration facility in Cambridge, Massachusetts with 232 MW of capacity and provides over 90 percent of the district steam used in Cambridge and Boston.
Calpine Corporation in a series of transactions including:
- The US$1.1 billion financing of the Geysers geothermal power generating facilities in California, one of the largest portfolio of renewable energy assets in the United States.
- The acquisition of the remaining 25% percent interest in Russell City, a 615 MW combined-cycle gas turbine power plant in Hayward, California.
- The US$395.5 million sale of Mankato Power Plant, a 375 MW natural gas-fired, combined-cycle power plant located in Minnesota, to Southern Company subsidiary Southern Power.
- The sale of South Point Energy Center, an approximately 504 MW natural gas-fired, combined-cycle, electric generation facility on the Fort Mojave Indian Reservation in Mohave Valley, Arizona, to Nevada Power Company.
- The US$500 million acquisition of the Granite Ridge Energy Center, a 745 MW combined-cycle, gas-fired power plant located in Londonderry, New Hampshire;
- The US$530 million acquisition of Fore River Generating Station, a nominal 809 MW combined-cycle power plant, from Exelon Corporation.
- The US$1.57 billion sale of six power plants, located in Oklahoma, Louisiana, Alabama, Florida and South Carolina and comprising 3,498 MW of combined-cycle generation capacity, to NatGen Southeast Power LLC, a wholly-owned subsidiary of LS Power Equity Partners III.
- The US$432 million acquisition of the 800 MW power plant owned by Bosque Power Co
Beal Bank in a series of sales and acquisitions, including:
- The acquisition of a 1.092 MW facility located in Maricopa County, Arizona as part of a comprehensive restructuring of New MACH Gen, LLC pursuant to a voluntary pre-packaged plan of reorganization under Chapter 11 of US Bankruptcy Code.
- The acquisition of a natural gas-fired electric generating facility, located in McKittrick, California, from La Paloma Generating Company, LLC in a Chapter 11 sale under section 363 of the US Bankruptcy Code.
- The acquisition of two of four 550 MW natural gas-fired power blocks of the Gila River Power Station located in Gila Bend, Arizona, from Sundevil Power Holdings, LLC, and its subsequent sale of the units.
Macquarie Infrastructure Corporation in its sale of Bayonne Energy Center, a power generation facility in Bayonne, New Jersey.
Cogentrix Energy Power Management, LLC, a portfolio company of The Carlyle Group, in its sale of Red Oak Power, LLC, the US-based owner and operator of combined cycle electricity generating facility, to Morgan Stanley Infrastructure Inc.
The Houston Rockets and its owner Mr. Leslie Alexander in connection with the US$2.2 billion sale of the team and rights to the Toyota Center in Houston to Tilman Fertitta.
China Three Gorges Corporation in its US$1.2 billion acquisition of Duke Energy's hydroelectric assets in Brazil.
DIP administrative agent and DIP arrangers in the chapter 11 cases of SunEdison, Inc. and its affiliates, a global renewable energy company headquartered in the U.S., including in connection with SunEdison's sales of companies and assets globally.
Hikma Pharmaceuticals PLC in acquisition of Bedford Laboratories, the US-based generic injectable drugs business of Ben Venue Laboratories, Inc., a member of the Boehringer Ingelheim Group of Companies, for a consideration of up to US$300 million.
Global Infrastructure Partners in the acquisition of the principal holdings of Competitive Power Ventures.
Panasonic Corporation in the US$1.545 billion acquisition of Hussmann Corporation, a Missouri-based manufacturer of refrigerated display cases and systems, from shareholders, including Clayton, Dubilier and Rice LLC.
Nordic Capital and its portfolio company CPS Color (CPS), in a combination of CPS's colorant business and Chromaflo Technologies, a global provider of pigment and chemical dispersions.
Stop & Shop Supermarket Company LLC, a subsidiary of Royal Ahold, as a stalking-bidder in connection with Stop & Shop's US$146.3 million acquisition of 25 supermarkets from Great Atlantic & Pacific Tea Company, Inc. (A&P), pursuant to a sale order under section 363 of the US Bankruptcy Code.
Kelson Energy, Inc. in the US$77.2 million sale by its subsidiary, Dogwood Energy LLC, of an undivided interest in a combined-cycle, natural gas-fired electric generating facility located in Cass County, Missouri.
Panelist on White & Case Energy Webinar Series -- Current State of the US Wind Market, June 2020