Capital Dynamics’ Lift-Out Of US Clean Energy Infrastructure Funds By Investor Consortium

Clifford Chance advised Capital Dynamics on the matter.

Capital Dynamics lifted-out certain US clean energy infrastructure (CEI) funds by APG, California State Teachers’ Retirement System, and a subsidiary of the Abu Dhabi Investment Authority and the transfer of assets held by such funds to the consortium of investors.

As part of the broader transaction, the firm advised on the spin-off sale of CD Arevon USA, Inc., including certain members of its CEI team, to the consortium to form Arevon Energy, Inc. Following the sale, which closed on August 16, 2021, Arevon will support a clean energy platform of 4.5 GW of solar and battery storage projects and a 3.0 GW pipeline.

Partner Michael Sabin (Picture) and Cliff Cone are leading the funds and investment management aspects of the transaction, with Michael Bonsignore and associate Christine Kim leading on M&A. The full team includes: associate Simi Obatusin (Funds) and law clerk Maria Kim (Business Transactions); counsel Daryl Fairbairn (Intellectual Property); partner Avrohom Gelber and associate Jason Sacks (Tax); partner Renee Latour and associate Holly Bauer (CFIUS, Washington, DC); partner Paul Koppel (Executive Compensation & ERISA); and associate Brian Yin (Data Protection).

Involved fees earner: Holly Bauer – Clifford Chance; Michael Bonsignore – Clifford Chance; Cliff Cone – Clifford Chance; Daryl Fairbairn – Clifford Chance; Avrohom Gelber – Clifford Chance; Christine Kim – Clifford Chance; Paul Koppel – Clifford Chance; Renee Latour – Clifford Chance; Simi Obatusin – Clifford Chance; Michael Sabin – Clifford Chance; Jason Sacks – Clifford Chance; Brian Yin – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Capital Dynamics;

Martina Bellini

Author: Martina Bellini