Kelso & Company’s equity investment in Zenith Energy U.S.

Debevoise & Plimpton LLP is advising Kelso & Company on its line of equity investment in Zenith Energy U.S. A portion of this line of equity is being used to finance Zenith’s acquisition of Arc Logistics.

Kelso has been investing in private equity for over 35 years. Since 1980, Kelso has raised a total of nine private equity funds, representing approximately $12 billion of capital, and has made more than 120 investments.

Zenith Energy Management LLC, a midstream energy company, focuses on building, owning, and operating terminals and related assets in Latin America, Africa, and Europe. The company, led by Jeffrey R. Armstrong, Carlos Ruiz, Rich Reynolds and Jay Reynolds, is based in Metuchen (NJ).

The Debevoise team is led by partner Kevin M. Schmidt (Picture) and includes partner Michael Bolotin and associates Adam Garmezy and Douglas M. Hirn.

Involved fees earner: Kevin Schmidt – Debevoise & Plimpton; Adam Garmezy – Debevoise & Plimpton; Michael Bolotin – Debevoise & Plimpton; Douglas Hirn – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Kelso & Company;

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Author: Ambrogio Visconti