Sidley is representing a consortium, headed by APG Asset Management N.V. (APG), on behalf of the largest Dutch pension fund, ABP, and Australian Retirement Trust (ART), in the acquisition of Riverstone Holdings’ equity stake in Pattern Energy Group LP. The consortium joins the Canadian Pension Plan Investment Board (CPP Investments), which acquired Pattern Energy alongside Riverstone in 2020. Pattern Energy is one of the world’s largest privately owned developers and operators of wind, solar, transmission, and energy storage projects. It will leverage this new investment to advance its market-leading development pipeline of over 25 gigawatts (GW) of renewable energy and transmission projects and support its operating facilities and in-construction portfolio of nearly 10,000 megawatts (MW) across North America.
The transaction is expected to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions.
The Sidley team is being led by Private Equity/M&A partners Brien Wassner and Chris Barbuto, senior managing associate Rachel Fridhandler, and Energy partner Greg Lavigne. Additional team members include Sam Hulsey, Victoria Richmond, Sarah Wiley, Kyle Patel, Tamia Sutherland, and law clerk Landon Garfinkel (M&A and Private Equity); C.J. Polito, Keturah Brown, John David Thompson, Marcela Varela, Juan Camarena Paz, Meredith Kuykendall, Annaliese Oliveira, Charlie Peskin, Alexander Thompson, and law clerks Julien Blanchard and Zev Falik (Energy and Infrastructure); Christian Brause, John Schaff, and Andrew Smith (Tax); Lauren Gallagher, Gregory Matisoff, and Ryan McLeod (Employee Benefits and Executive Compensation); John Kuster, Danica Muir, and Zachry Tannis (Commercial Litigation and Disputes); Jen Fernandez, Kayla Scott, and Nick Wiggins (Global Arbitration, Trade and Advocacy); Keith Hayden Del Prete, Jonathan Koh, and Serena Patel (Real Estate); Alex Csordas (Capital Markets); Heather Palmer and Maureen Crough (Environmental); Rebecca Stuart and Allison Ivey Toth (Labor, Employment and Immigration); Steve McInerney and Sasha Hondagneu-Messner (Privacy and Cybersecurity); Alena Thomas (Global Finance); Scott Goldstein (Insurance); Rachelle Soderstrom (Technology and Life Sciences Transactions); and Craig Francis Dukin (White Collar Defense and Investigations).
