© 2016 The Texas Lawbook.
By Mark Curriden
(June 3) – New York-based private equity firm Riverstone Holdings has agreed to acquire Talen Energy Corp. for $5.2 billion – $1.8 billion in cash and the assumption of $3.4 billion in debt – in an effort to take the Pennsylvania power producer private.
Talen General Counsel Paul Breme selected Andrew Calder, a corporate partner in the Houston office of Kirkland & Ellis to lead its side of the transaction.
Talen Energy was created a year ago with the combined assets of PPL Corp. and other affiliates of Riverstone, which owns 35 percent of Talen’s publicly traded stock.
Other V&E lawyers working on the transaction are partners Jeff Floyd, Maritza Okata, Ramey Layne, David Peck, Karen Smith, Sean Becker and Stephen Jacobson. The V&E associates involved are Matthew Greenberg and Sunjung Kim.
Kirkland partners Sarkis Jebejian, David Beller, Melissa Hutson and Dean Shulman, along with associates Bobak Fatemizadeh and Laura Lee Timko, worked on the matter with Calder.
For full details about the deal, please visit FuelFix @ www.fuelfix.com/deal.
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