Ethan G. Borrasso

Since joining Kirkland, Ethan has been involved in the following representative matters:

• Canada Pension Plan Investment Board (CPP Investments) in its $1.75 billion investment to support EQT’s AI Infrastructure strategy, led by global data center developer and operator EdgeConneX.
• Canada Pension Plan Investment Board (CPP Investments) in its role as (i) acquiror (in consortium with KKR) of a controlling equity interest in Sempra Infrastructure Partners, a leading North American energy infrastructure company, for $10 billion in cash proceeds to Sempra and (ii) a joint venture partner in Sempra Infrastructure with KKR, Sempra and ADIA in a transaction that values Sempra Infrastructure at $31.7 billion enterprise value.
• Enstor in its acquisition of Black Bear Transmission, a provider of natural gas, from Basalt Infrastructure Partners.
• Morgan Stanley Infrastructure Partners in its acquisition of a 47.5% interest in Greenlight Electricity Centre, a $4.6 billion gas-fired power generation facility, from OPTrust.
• BlackRock, Inc. (NYSE: BLK), Global Infrastructure Partners and HPS Investment Partners on a joint venture with Meta Platforms, Inc. (Nasdaq: META) to develop and own a data center campus with 1 GW of compute capacity in El Paso, Texas. The parties have committed to fund their respective pro rata share of the approximately $14 billion in total development costs for the buildings and long-lived power, cooling and connectivity infrastructure at the campus.
• Advised KKR vehicles on a transaction to acquire 50% of a 1.4-GW solar portfolio in North America from TotalEnergies. This transaction values the portfolio at an enterprise value of $1.25 billion and covers six utility-scale solar assets with a combined capacity of 1.3 GW and 41 distributed generation assets totaling 140 MW, primarily in the U.S.
• CoreWeave (Nasdaq: CRWV) in its proposed $9 billion all-stock acquisition of Core Scientific (Nasdaq: CORZ), a provider of data center infrastructure.
• Magnolia Oil & Gas in its $4.06 billion acquisition of WildFire Energy.
• Rockcliff Energy III LLC in its acquisition of Pine Wave Energy Partners LLC’s East Texas assets located in San Augustine and Shelby Counties, Texas.
• Vitol in the sale of its U.S. upstream company, VTX Energy Partners, to Verde Operating Company.

Prior to joining Kirkland, Ethan was involved in the following representative matters:

• Natural gas pipeline companies in administrative proceedings at FERC related to cost-of-service rates and FERC ratemaking policy, including income tax allowance policy and return on equity policy.
• Tax equity investors in passive interest analyses and the drafting of consent rights pursuant to FERC precedent.