Kirkland Advises Ameresco on Formation of Neogenyx Fuels with HASI

Kirkland & Ellis advised Ameresco, Inc. (NYSE: AMRC), a leading energy infrastructure solutions provider, on the formation of a new joint venture called Neogenyx Fuels, with HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI), a leading investor in sustainable infrastructure assets. As part of the transaction, Ameresco will contribute its biofuels business, comprised of its scaled asset base and proven development and operating capabilities, into the joint venture; and HASI will commit to invest $400 million to support the growth of Neogenyx Fuels. Neogenyx Fuels will be owned 70% by Ameresco and 30% by HASI. The transaction represents a strategic step to unlock the significant value embedded in Ameresco's biofuels business, representing a $1.8 billion post-money enterprise value. The agreement has been signed, with closing expected within the quarter.

Read the transaction press release

The Kirkland team included corporate lawyers Cyril Jones, Heath Mayo, David Feirstein, Kuljeet Nagra, Vannevar Taylor and Jack Kinnear; tax lawyers Mark Dundon, Sam Kamyans, Dylan White, Grant Solomon and Scott La Rochelle; energy regulatory lawyers Damien Lyster and Kevin Hivick; technology & IP transactions lawyers Daniel Lewis, Kevin Jacobsen, Ben Kovach and Julia Monti; environmental transactions lawyers Paul Tanaka and Courtney Tibbetts; employee benefits lawyers Justin Coddington and Caitlin Bradford; executive compensation lawyers Stephen Jacobson, Brandon Newman and Rebecca Arnall; employment & labor lawyers Christie Alcala, Jon Link and Colleen Mayer; capital markets lawyers Julian Seiguer and Sara Lampert; antitrust & competition lawyer Daniel Rosenthal; and litigation lawyer Nick Niles.