Kirkland Counsels KKR Infrastructure on $1.9B Acquisition of Clearway Energy’s Thermal Business
Kirkland & Ellis represented KKR in connection with the signing of definitive documentation to acquire the Thermal business of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A), for total consideration of $1.9 billion, subject to customary closing adjustments. Clearway's Thermal business, commercially known as Clearway Community Energy, consists of thermal infrastructure assets that provide steam, hot water and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals, and governmental customers across the United States.
Read Clearway Energy’s press release
The Kirkland team was led by corporate partners John Pitts, Melissa Kalka and Ben Hardison and associates Paige Lager, Jessica Berkowitz, Brittany Scheier, John Phelan and Austin Johnson; and debt finance partners Roald Nashi and Sebastian Chan and associates Charles Martin, Adam Birnbaum and Graham Owen.