Kirkland & Ellis counseled TPG Rise, a global impact investing platform managed by TPG, and Element Markets, a leading renewable natural gas marketing and environmental commodities company, on the acquisition of Bluesource, the largest carbon credit developer in North America. As part of the transaction, Element and Bluesource are merging to form a combined entity under majority ownership by TPG Rise Climate and The Rise Fund (such funds, collectively, TPG Rise). NGP, through its energy transition investment platform NGP ETP, is joining TPG Rise in the transaction. In 2021, The Rise Fund acquired Element Markets, with respect to which Kirkland advised The Rise Fund.
The Kirkland team was led by corporate partners Kevin Crews, John D. Furlow and Courtney Roane and associates Jacqueline Scioli, Thomas Matteson and Sam Roberts; debt finance partners Lucas Spivey and Arthur Lotz and associates Marco Chan and Steven Keithley; tax partners David Wheat and Lane Morgan; energy regulatory partner Drew Stuyvenberg; ESG & Impact partner Alex Farmer and associate Kaela Colwell; environmental transactions partner Jim Dolphin and associate Courtney Tibbetts; executive compensation Stephen Jacobson and associate Karsten Busby; and antitrust partner Carla Hine.