Simpson Thacher is representing Global Infrastructure Partners, a part of BlackRock, in connection with its definitive agreement to sell an approximately 87.71% stake in Lackawanna Energy Partners LLC for $940 million subject to a potential purchase price adjustment at closing of the transaction.
Lackawanna Energy Partners indirectly owns the Lackawanna Energy Center, an approximately 1,485 megawatt combined-cycle gas-turbine generating facility located in Lackawanna County, Pennsylvania.
The Simpson Thacher team includes Eli Hunt, Roy Jackson, Si Sun, Sunny Perkins, Antonio Spatafore and Matt Anderson (Energy & Infrastructure); Matthew Einbinder, Bryce Kaufman and Amy Beller (Banking and Credit); Marcy Geller, Caroline Philips, Jessica Berman, and Jason Yoo (Tax); Michael Isby (Environmental); Larry Moss (Executive Compensation and Employee Benefits); Steven DeLott (Insurance); Peter Guryan, Etienne Renaudeau, Kelly Karapetyan and Nathaniel Bronstein (Antitrust); James Talbot and Christine Song (Intellectual Property and Data Privacy); and Krista McManus and Dennis Loiacono (Real Estate).