Skadden And King & Spalding Advised On Macquarie Asset Management’s $1.72 Billion Renewables Deal

Skadden And King & Spalding Advised On Macquarie Asset Management’s $1.72 Billion Renewables Deal

Skadden, Arps, Slate, Meagher & Flom and King & Spalding advised on Macquarie Asset Management's (MAM) USD 1.72 billion investment agreement with DE Shaw Renewable Investments (DESRI).

The deal, structured through various MAM-managed funds, involved Macquarie acquiring a significant minority stake in DESRI, which enhanced the renewable energy company’s growth in the United States.

Skadden provided legal counsel to DESRI on the transaction, led by M&A Partners Christopher Barlow and Allison Schneirov. Meanwhile, the King & Spalding team, which advised MAM, was headed by Partner Jonathan Melmed, who also served as co-chair of the firm’s global private equity and M&A practice, along with Partners Aaron Hullman and Amit Kataria.

The MAM-managed funds involved in the deal included the Macquarie Global Infrastructure Fund, Macquarie Green Energy and Climate Opportunities Fund, and the Macquarie Energy Transition Fund International. Macquarie Group, based in Sydney, was a prominent Australian multinational investment banking and financial services group.

DESRI operated renewable energy projects across the United States, making this investment pivotal for its expansion and sustainability efforts in the renewable energy sector.