Kirkland Advises Ontario Teachers’-Backed Sevana Bioenergy on Sale to Lotus Infrastructure-Backed BerQ RNG
Kirkland & Ellis advised Ontario Teachers’ Pension Plan and its portfolio company Sevana Bioenergy on the sale of a portfolio of assets, including the Rialto Bioenergy Facility, to BerQ RNG, a portfolio company of Lotus Infrastructure Partners. The transaction includes the Rialto Bioenergy Facility, an organic waste anaerobic digestion-to-RNG facility located in Rialto, California, together with a pipeline of dairy and swine manure RNG development projects in Idaho, California and Kansas. The Rialto Bioenergy Facility is designed to process up to 1,000 tons per day of food waste diverted from municipal solid waste streams, liquid organic waste and municipal biosolids, and has the capacity to produce up to 1 million MMBtu of RNG annually. The facility is connected directly to the Southern California Gas Company pipeline network through a dedicated pipeline injection facility. By diverting organic waste from landfills, the facility helps Southern California jurisdictions meet the organic waste diversion requirements of California Senate Bill 1383 and supports the state’s goals for reducing short-lived climate pollutants.
Read the transaction press releaseThe Kirkland team included corporate lawyers Kevin Crews, Jack Chadderdon and Max Chaffetz; tax lawyers David Wheat, Mike Masri, Olivia Schmertzler and Giebien Na; and debt finance lawyers James Kelly and Amber Yokubaitis.
