Attorneys Share Key Energy M&A Trends of 2017

Private Equity Powered Energy M&A in 2017
– Law360

Law360 quoted Manatt’s Brian Ashin, a partner in the firm’s corporate and finance practice, on the influx of private equity firms in energy deals throughout 2017. The publication highlighted five mergers and acquisitions trends that stood out to attorneys in the energy field this year, one of which is a deal involving high-profile bankruptcies.

Ashin identified the most significant deal of the year as Canadian Brookfield Asset Management Inc.’s purchase of TerraForm Power Inc. and TerraForm Global Inc., which are affiliated with bankrupt developer SunEdison Inc. The pair of deals is valued at $2.5 billion.

While the collapse of SunEdison, one of the largest renewable company bankruptcies ever, was troublesome for the sector as a whole, Ashin told the publication Brookfield’s willingness to pick up the company’s assets helped ease concerns.

“Out of nowhere, Brookfield decided they wanted to become a giant player in the solar and wind space,” Ashin said. “That’s better for the industry, to have diversified parties involved.”