China Yangtze Power Company’s $3.59 Billion Acquisition of Sempra Energy Peruvian Businesses

Baker McKenzie advised China Yangtze Power Company on its $3.59 billion purchase of Sempra Energy’s Peruvian businesses, including its 83.6% stake in Luz del Sur S.A.A.

Luz del Sur is a utility company serving the southern region of Lima, Peru, and is the largest listed power company in the country.

BofA Merrill Lynch and Lazard served as financial advisors to Sempra Energy on the sale, and White & Case served as legal advisor.

Citi served as financial advisor to CYPC on the deal.

The Baker McKenzie team was composed by Partner Lewis Popoff (Picture) in Chicago and Counsel Federico Cuadra Del Carmen in Miami led the Baker McKenzie team advising CYPC. In addition, Partner Chai Jie and Associate Grace Ma of the Tiayn Yuan Law Firm served as China Counsel to CYPC, and Partner Andres Kuan-Veng of Muñiz was Peru counsel.

The White & Case team that advised on the transaction was led by partners Thomas Lauria and Marwan Azzi, and included partners Greg Pryor, Michael Deyong, David Dreier, Henrik Patel, Arlene Arin Hahn, Damien Nyer and Seth Kerschner, as well as associates Adam Cieply, Jason Krause, Caelah Nelson, Dilara Erik, Arian Mossanenzadeh and Grayson Weeks in New York; partner Vivian Tsoi in Shanghai; and partner Grace Fan-Delatour, local partner Shaohui Jiang and associate Xiaofeng (Allison) Gong in Beijing.

Involved fees earner: Federico Cuadra del Carmen – Baker McKenzie; Lewis Popoff – Baker McKenzie; Andrés Kuan-Veng Cabrejo – Muñiz, Olaya, Meléndez, Castro, Ono & Herrera; Jie Chai – Tian Yuan Law; Grace Ma – Tian Yuan Law; Marwan Azzi – White & Case; Adam Cieply – White & Case; Michael Deyong – White & Case; David Dreier – White & Case; Dilara Erik – White & Case; Grace Fan-Delatour – White & Case; Xiaofeng Gong – White & Case; Arlene Hahn – White & Case; Shaohui Jiang – White & Case; Seth Kerschner – White & Case; Jason Krause – White & Case; Thomas Lauria – White & Case; Arian Mossanenzadeh – White & Case; Caelah Nelson – White & Case; Damien Nyer – White & Case; Henrik Patel – White & Case; Gregory Pryor – White & Case; Vivian Tsoi – White & Case; Grayson Weeks – White & Case;

Law Firms: Baker McKenzie; Muñiz, Olaya, Meléndez, Castro, Ono & Herrera; Tian Yuan Law; White & Case;

Clients: China Yangtze Power Company; Sempra Energy;