Kirkland Advises Cleco on Acquisition by Stonepeak and Bernhard Capital Partners

Kirkland & Ellis advised Cleco Group LLC on an agreement whereby Stonepeak and Bernhard Capital Partners will acquire Cleco from a consortium comprised of Macquarie Asset Management, British Columbia Investment Management Corporation and Manulife Investment Management. Headquartered in Pineville, Louisiana, Cleco is a regulated electric utility with 1,200 dedicated employees serving approximately 298,000 residential, commercial and industrial customers in 24 Louisiana parishes.

Read the transaction press release

The Kirkland team included corporate lawyers John Pitts and Kersten Kober; debt finance lawyer Rohit Chaudhry; capital markets lawyer Julian Seiguer; and tax lawyers Lee Morlock and Joe Tobias.