Kirkland & Ellis advised ArcLight Capital Partners on a definitive agreement to be acquired by DigitalBridge Group, Inc. for up to $1.05 billion, according to a May 27 announcement. The transaction includes a base purchase price of $650 million and up to an additional $400 million in contingent consideration.
The acquisition brings together two specialist platforms with combined assets representing more than $150 billion. According to the companies, the combination will form a leading alternative asset manager at the convergence of power, artificial intelligence, and digital infrastructure.
The Kirkland & Ellis team advising on the deal included corporate lawyers Michael Reeves, Rami Totari, Jared Maher, Tarah Sullivan, Joseph Grib, Baxter DiFabrizio, Garrett Cook and Kristen Law; investment funds lawyers Erica Berthou, Matthew Nadworny, Nathan Wolcott, Nabil Sabki and Jina Yun; tax lawyers Steve Butler, Brandon Short and Grant Solomon; energy regulatory lawyers Erin Bartlett and Damien Lyster; and executive compensation lawyers Stephen Brecher and Lany Villalobos.
ArcLight Capital Partners is described as one of North America’s leading specialist investors in power and electric infrastructure. DigitalBridge Group is listed on the New York Stock Exchange under DBRG.
