RSGC’s acquisition of 27.2% equity interests in South Field Energy LLC

Shearman & Sterling advised RSGC on the acquisitions of indirect equity interests in South Field Energy LLC in connection with a $1.3 billion project financing to build a 1,182 MW combined-cycle gas turbine power generation facility in Columbiana County, Ohio, U.S. (South Field Project).

RSGC is a joint venture between DBJ, a Japanese corporation that provides financing, investment, and consulting and advisory services in Japan and internationally, and Showa Shell, a Japanese corporation that refines and sells oil products worldwide.

The Shearman & Sterling team advising RSGC was led by partner Etienne Gelencser (Picture), senior associate Lee Hill and associate Sophie Jihye Lee (all Tokyo-Project Development & Finance). Other attorneys who worked on the transaction included partners Cynthia Urda Cassis (New York-Project Development & Finance) and Bjorn Bjerke (New York-Finance) and counsel Robert LaRussa (Washington DC-Litigation) and Donna Bobbish (Washington DC-Project Development & Finance).

 

Involved fees earner: Etienne Gelencsér – Shearman & Sterling; Lee Hill – Shearman & Sterling; Sophie Jihye Lee – Shearman & Sterling; Cynthia Urda Kassis – Shearman & Sterling; Donna Bobbish – Shearman & Sterling; Donna Bobbish – Shearman & Sterling; Bjorn Bjerke – Shearman & Sterling; Robert LaRussa – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: RSGC;