PPL Corporation’s Acquisition of Safari Energy

Simpson Thacher represented PPL Corporation (NYSE: PPL) in connection with its completed acquisition of Safari Energy, LLC (“Safari”), a leading provider of solar energy solutions for commercial customers in the U.S.

The terms of the acquisition were not disclosed.

Safari develops highly structured turnkey solutions to its clients, managing projects through all phases of development, from inception to financing, design, engineering, permitting, construction, interconnection and asset management. Headquartered in New York City, Safari Energy has completed over 200 solar projects in 18 states, with over 80 projects underway.

Headquartered in Allentown, PA, PPL is one of the largest companies in the U.S. utility sector. PPL’s seven high-performing, award-winning utilities serve more than 10 million customers in the U.S. and United Kingdom.

The Simpson Thacher team included Brian Chisling (Picture) and Todd Noelle (M&A); Andrew Purcell and Nicole Humphrey (Tax); Greg Grogan, Jeannine McSweeney and Pasco Struhs (Executive Compensation and Employee Benefits); Steven DeLott (Insurance); and Kelly Karapetyan and William Kearney (Antitrust). Summer Associate Thomas Garber also provided valuable assistance.

Involved fees earner: Brian Chisling – Simpson Thacher & Bartlett; Todd Noelle – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Jeannine McSweeney – Simpson Thacher & Bartlett; Pasco Struhs – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; William Kearney – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: PPL Corporation;

Author: Ambrogio Visconti