Deal description: Baker Botts represented Repsol US Renewables, LLC (“Repsol”) in its binding agreement to purchase ConnectGen LLC (“ConnectGen”), a Quantum Capital portfolio company with a development pipeline of onshore wind, solar, and battery assets with an aggregate nameplate capacity of 20 gigawatts located across the United States. The base purchase price for the sale is $768 million.
Current ConnectGen employees, including senior management, will provide continued leadership of the acquired business.
The deal is expected to close in the fourth quarter of 2023.
Repsol’s press release regarding the transaction can be found here.
Baker Botts Lawyers/Office Involved:
Global Projects: Erin Hopkins (Partner, Houston); Kyle Doherty (Senior Associate, Houston); Andrew Crayden (Associate, Houston); Abigail Alm-Pandeya (Associate, New York); Ryan Chastain (Associate, Houston); Eleana Kartali (Law Clerk, New York); Stanley Sun (Associate, Houston)
Real Estate and Construction Section: Chis Wilson (Partner, Houston); Sarah Hendrix (Associate, Dallas)
Energy Regulatory Section: Emil Barth (Partner, Washington); Landon Lill (Senior Associate, Austin); Katie Gantley (Associate, Washington)
Environmental, Safety, and Incident Response Section: Elizabeth Singleton (Special Counsel, Houston); Mary-Lauren Miller (Associate, Houston)
Antitrust Section: Michael Bodosky (Special Counsel, Washington)
Executive Comp and Benefits Section: Robin Melman (Partner, New York); Jared DaCosta (Associate, New York)
International Trade Section: Paul Luther (Partner, Washington); Alex Reinert (Associate, Washington)
Litigation Section: Jennifer Trulock (Partner, Dallas); Tiffany Means (Associate, Houston)
Corporate/Finance: John Papaspanos (Partner, New York); Elizabeth Rogers (Associate, New York)
Income Tax Section: Jon Lobb (Partner, Houston); Katie McEvilly (Senior Associate, Houston)
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