Clifford Chance and Skadden Arps Slate Meagher & Flom have scored lead roles on one of the largest ever acquisitions in the renewable energy industry, as US investment fund Global Infrastructure Partners (GIP) acquires Singapore-based Equis Energy for $5bn (£3.8bn).
New York-based GIP will pay $3.7bn (£2.8bn) for 100% of Equis Energy and take on $1.3bn (£980,000) worth of assumed liabilities. The transaction is the biggest ever acquisition in the history of the renewables industry, according to data compiled by Bloomberg.
