Skadden, Arps, Slate, Meagher & Flom and King & Spalding have advised on Macquarie Asset Management’s (MAM) USD1.72 billion investment agreement with DE Shaw Renewable Investments (DESRI).
The deal, structured through various MAM-managed funds, sees Macquarie acquiring a significant minority stake in DESRI, enabling the renewable energy company to further its growth in the United States.
Skadden is advising DESRI on the transaction, with M&A partners Christopher Barlow and Allison Schneirov leading the team.
The King & Spalding team is advising MAM, headed by Jonathan Melmed, partner and co-chair of the firm’s global private equity and M&A practice, with partners Aaron Hullman and Amit Kataria.
The MAM-managed funds include Macquarie Global Infrastructure Fund, Macquarie Green Energy and Climate Opportunities Fund and Macquarie Energy Transition Fund International. Macquarie Group is an Australian multinational investment banking and financial services group headquartered in Sydney.
DESRI is a US-based operator of renewable energy projects.
