Press Release

Kirkland Represents Talen Energy on Acquisition by Riverstone for $5.2 Billion

Kirkland & Ellis LLP advised Talen Energy Corp. (NYSE: TLN), a competitive energy and power generation company that owns or controls 16,000 megawatts of capacity in eight states, on its decision to enter into a definitive merger agreement with affiliates of private investment firm Riverstone Holdings LLC. Under terms of the merger agreement, all outstanding shares of Talen Energy common stock not currently owned by Riverstone affiliated entities will be acquired for $14 per share in cash. The transaction has a total enterprise value of approximately $5.2 billion. The full release is available here.

The Kirkland team was led by corporate partners Andrew Calder, Sarkis Jebejian and David Beller and associates Bobak Fatemizadeh and Laura Lee Timko; debt finance partner Melissa Hutson; and tax partner Dean Shulman.