Kirkland Advises Blackstone Credit on Altus’ Combination With CBRE Acquisition Holdings
Kirkland & Ellis counseled Blackstone Credit, a preferred and common investor in Altus Power, Inc., a market-leading clean electrification company, on Altus’ business combination with CBRE Acquisition Holdings, Inc. (NYSE: CBAH) that would result in Altus Power becoming a public company listed on the New York Stock Exchange under the new ticker symbol “AMPS.” CBAH is a special-purpose acquisition company (SPAC) sponsored by CBRE Group, Inc., the world’s largest commercial real estate services firm. The transaction implies pro forma equity value of the combined company of $1.58 billion at the $10 per share price in the transaction.
The Kirkland team was led by corporate partners John Pitts, David Thompson and Jhett Nelson; capital markets partner Julian Seiguer and associate Billy Vranish; and tax partners David Wheat and Steve Butler.
