Kirkland Counsels Fisterra Energy on $852 Million Sale of Ventika Facilities to IEnova

Kirkland & Ellis LLP represented Fisterra Energy, a company owned by funds managed by Blackstone (NYSE: BX), in connection with Fisterra Energy’s pending sale of the Ventika I and Ventika II wind generation facilities (collectively, Ventika), to Infraestructura Energética Nova, S.A.B. de C.V.’s (IEnova), a unit of Sempra Energy.  Ventika is the largest wind farm in Mexico and one of the largest in Latin America, and has been developed by Fisterra Energy and Cemex S.A.B. IEnova has agreed to acquire 100 percent of the equity interests in Ventika, owned by Fisterra Energy and certain minority shareholders, for an estimated purchase price of $852 million, including the assumption of outstanding debt of approximately $477 million.

The Kirkland team was led by corporate partners Andrew Calder and Rhett Van Syoc and associates Kfir Abutbul and Allan Kirk.