Press Release

Kirkland Advises Blackstone on $5.34 Billion Investment in Power Innovation Joint Venture with Williams

Press Release

Kirkland Advises Blackstone on $5.34 Billion Investment in Power Innovation Joint Venture with Williams

Kirkland advised Blackstone in a transaction whereby funds managed by Blackstone Credit & Insurance, in partnership with Apollo and insurance vehicles and accounts managed by KKR, have entered into a definitive agreement to support the development of Williams’ (NYSE: WMB) five announced behind-the-meter Power Innovation projects: Socrates, Apollo, Aquila, Socrates the Younger and Neo.

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The
Team

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All Bios
Brittany Sakowitz, P.C.

Brittany Sakowitz, P.C. Mergers & Acquisitions / Private Equity

John D. Pitts, P.C.

John D. Pitts, P.C. Transactional

Patrick Y. Moneypenny

Patrick Y. Moneypenny Mergers & Acquisitions / Private Equity

Gabrielle Sumich

Gabrielle Sumich Mergers & Acquisitions / Private Equity

Lucas E. Spivey, P.C.

Lucas E. Spivey, P.C. Transactional

Jordan D. Roberts, P.C.

Jordan D. Roberts, P.C. Transactional

Charles H. Martin

Charles H. Martin Debt Finance

Kaitlin Schock

Kaitlin Schock Debt Finance

William Dong, P.C.

William Dong, P.C. Tax

Chad M. Smith, P.C.

Chad M. Smith, P.C. Transactional

Lauren Stelck

Lauren Stelck Mergers & Acquisitions / Private Equity

Damien Lyster, P.C.

Damien Lyster, P.C. Energy Regulatory

Under the terms of the agreement, Blackstone and its partners will provide Williams with $5.34 billion of committed capital in exchange for a 49% noncontrolling equity interest in the five Power Innovation projects.

The Kirkland team included corporate lawyers Brittany Sakowitz, John Pitts, Patrick Moneypenny and Gabrielle Sumich; debt finance lawyers Lucas Spivey, Jordan Roberts, Charles Martin and Kaitlin Shock; tax lawyer Bill Dong; real assets lawyers Chad Smith and Lauren Stelck; and energy regulatory lawyer Damien Lyster.

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