Firms To Watch: Environment: transactional

Closely integrated with the firm's other transactional practices, Greenberg Traurig LLP's environmental group is well-placed to assist with the environmental risks and impact of the acquisition, development, financing and sale of real estate assets. Co-chair Kerri Barsh  in Miami provides transactional and permitting support to public and private sector clients.

Environment: transactional in United States

Cravath, Swaine & Moore LLP

Based in New York, Cravath, Swaine & Moore LLP has a well-established reputation among the top teams in the United States offering environmental law advice in the context of transactional matters, and continues to be involved in standout deals in the market. The group attracts instructions from corporate clients in an array of high-value business transactions, ranging from M&A to financings, divestitures and shareholder engagement matters, where the team provides assistance with environmental liabilities, regulatory issues, post-closing obligations and environmental-related contractual disputes. Mandates involving environmental, social and governance (ESG) issues, sustainability and climate change concerns also feature on the firm’s impressive portfolio. Matthew Morreale spearheads the environmental department; he has a wealth of experience in handling environmental issues arising in M&A, securities offerings and financing deals across the energy, heavy manufacturing, telecoms, retail and chemical industries, among others. Senior attorney Annmarie Terraciano , whose areas of activity include sustainability reporting, ESG issues, indemnification disputes and corporate transactions, is another key point of contact.

Practice head(s):

Matthew Morreale

Other key lawyers:

Annmarie Terraciano

Key clients

AerCap

Ashland

AngloGold Ashanti

Deutsche Börse

IBM

Lindsay Goldberg

Martin Marietta Materials

National Grid

Northrup Grumman

Stanley, Black & Decker

Swvl

The Walt Disney Company

Work highlights

  • Advised AerCap on the environmental law aspects of its $30bn acquisition of GE Capital Aviation Services from General Electric.
  • Assisted Martin Marietta Materials with the environmental law aspects of its $2.3bn acquisition of Lehigh West Region.
  • Advising Stanley Black & Decker on the environmental law aspects of its pending $1.6bn acquisition of the remaining 80 percent ownership stake in MTD and in its pending $375 m acquisition of Excel Industries.

Davis Polk & Wardwell LLP

Clients operating in environmentally sensitive industries, including mining, oil and gas, chemicals, construction and heavy manufacturing, frequently turn to Davis Polk & Wardwell LLP for practical and sophisticated advice on managing environmental risks in the context of high-value, and often multi-billion dollar transactions. The team is highly regarded in the market for its strength in handling financing deals, having recently advised on numerous marquee sustainability/ESG-linked financings on behalf of leading global corporations, private equity and hedge funds. Based in New York, the group is led by Loyti Cheng, who receives praise for her longstanding experience in this field. Cheng is trusted by US and international companies, financial institutions, private equity and venture capital groups in the gamut of transactions, focusing on environmental and toxic tort analysis, contractual allocation and sustainability issues. Also recommended, Michael Comstock is proficient in a range of environmental issues arising from M&A, divestitures, securities offerings and financings. Betty Huber left the firm in January 2022.

Practice head(s):

Loyti Cheng

Other key lawyers:

Michael Comstock

Kirkland & Ellis LLP

Offering coast-to-coast coverage, Kirkland & Ellis LLP houses one of the biggest environmental transactional practice groups, which handles the environmental aspects of hundreds of successful business transactions year on year. The team is often called upon to provide pre-deal counselling, and assists clients with the allocation and mitigation of environmental risks, indemnity and regulatory issues, crisis management, and environmental disclosures in the context of securities filings. It stands out for its strong track record in high-value and high-profile transactions taking place in the energy, infrastructure and industrial sectors, and is a popular destination for private equity sponsors. Its recent workload includes multi-billion dollar M&A, SPAC and financing deals in an array of environmentally sensitive industries. Based between San Francisco and Houston, Paul Tanaka is the main point of contact in the practice and counsel of choice for several private equity firms and public companies engaged in deals in the renewable energy, oil and gas and infrastructure space. Alexandra Farmer in Washington DC heads up the ESG and impact department, focusing on sustainability and climate- related regulatory requirements. Also in DC, Sara Michaelchuck Webber is noted for M&A and real estate investments, while Stefanie Gitler, who splits her time between DC and Houston, plays a key role in the handling of environmental liabilities in bankruptcy matters. In the Dallas office, Jonathan Kidwell specialises in commercial transactions and bankruptcy matters pertaining to the energy, infrastructure, chemical and mining sectors.

Other key lawyers:

Paul Tanaka; Alexandra Farmer; Jonathan Kidwell; Stefanie Gitler; Sara Michaelchuck Webber; Carleigh Rodriguez; Michael Saretsky; James Dolphin; Ty’Meka Reeves-Sobers

Testimonials

‘Kirkland consistently proves itself to be the pre-eminent law firm for transactional due diligence, based on its technical abilities, breadth and depth of knowledge, client focus, responsiveness, preparation/level of effort, successful outcomes, and leadership in managing transactions. I know that a Kirkland project will be well managed and thought through, and Kirkland treats its consulting partners with respect and a reasonableness often lacking in other clients.’

‘I’ve worked closely with nearly all of the main environmental transactional attorneys at Kirkland, and across the board they are excellent. The leader of the group (Paul Tanaka) particularly impresses me with his commercial and reasonable approach to getting deals done. I also work closely with partners Stefanie Gitler and Michael Saretsky, both of whom are great to work with for me as a consultant (and seem excellent with the clients as well). This is a group of professionals that does work at the highest quality.’

Key clients

Alta Resources Development

Blackstone Inc.

Butterfly Equity

Celanese Corporation

Chesapeake Energy Corporation

Danaher Corporation

Energy Capital Partners

EQT Infrastructure

Extraction Oil & Gas

ICP Group

KKR

Prince International Corporation

Schlumberger Limited

Sustainable Opportunities Acquisition Corporation

Sycamore Partners

Vector Capital Management

Warburg Pincus

Latham & Watkins LLP

The sizeable environmental transactional team at Latham & Watkins LLP fields sector-specialist expertise in highly-regulated industries, and possesses a loyal following of blue-chip corporations and financial institutions engaged in high-value deals in an array of sectors, including chemicals, energy and manufacturing. High-end real estate and portfolio deals are other areas of activity for the team which is highly sought after by private equity players given its ability to provide sophisticated environmental law advice in the context of global transactions, ranging from M&A and corporate financing to capital markets, project finance and insurance transactions. The department, which is recognised for its thorough national coverage, is led by four practitioners: New York-based Jean-Philippe Brisson  and Christopher Norton  in Orange County oversee the regulatory and transactional group, while James L. Arnone  in Los Angeles and Janice M. Schneider  in Washington DC jointly head the environment, land and resources department. Brisson brings to the table a strong commercial and transactional background, standing out for his experience of private equity deals and climate change matters. Sitting in DC, James R. Barrett  is a leading figure in the market; he is a name to note for transactional mandates in the energy and oil and gas sectors. Based in Houston, Joel H. Mack  plays a key role in nearly every environmental transactional matter in the firm’s Texas office, demonstrating particular knowledge in the energy, chemical and mining industries. Joshua Marnitz is a contact in LA for environmental issues across the energy and infrastructure sectors. The firm recently strengthened its DC offering with the addition of Betty Huber to the team; she joined from Davis Polk & Wardwell LLP and brings longstanding transactional experience on ESG issues facing businesses and investors.

Practice head(s):

James L. Arnone; Janice Schneider; Jean-Philippe Brisson; Christopher Norton

Other key lawyers:

James Barrett; Joel Mack; Joshua Marnitz

Testimonials

‘Latham is known, generally, for its ability to execute on complex transactions and controversy matters. The Latham environmental team is an exceptional part of that broader capability.’

‘Joel Mack has an encyclopedic knowledge of environmental regulations, past and present. The team has the ability to think 3-5 steps ahead in a transaction or dispute and develop cost-effective winning strategies.’

Key clients

Aeva

ArcLight Capital

Ardian

Carlyle Group

Cleveland Metroparks

CONSOL Energy

ContourGlobal

Dairy Farmers of America

Desktop Metal

Energy Transfer Partners

Iberdrola / Avangrid

Indigo Agriculture

One Rock Capital Partners

Otonomo Technologies

Platinum Equity

Restore the Earth Foundation

Riverside Management

Riverstone Holdings

Santander Bank

Sasol Chemicals

Stepan Company

Technip FMC plc

The Inlandsis Fund

Tritium Holdings

Work highlights

  • Advised a number of private equity firms, including Platinum Equity, Ardian, and the Carlyle Group, on the environmental aspects associated with numerous transactions over the year.
  • Advised ContourGlobal on the environmental aspects of its acquisition of Western Generation Partners, a portfolio of natural gas-fired and Combined Heat and Power assets totalling 1,502 MW located in the US and Trinidad and Tobago.
  • Advising Santander Bank and other lenders on the environmental aspects of the Vineyard Wind financing, the first large-scale offshore wind generation project in federal waters offshore the US.

Simpson Thacher & Bartlett LLP

The team at Simpson Thacher & Bartlett LLP handles environmental implications of myriad market-leading deals for a huge variety of clients active in many industries with operations in various legal and regulatory regimes. The team provides key support to the firm’s corporate department, assisting with the identification, allocation and management of environmental risks in the context of M&A, capital markets, credit and bankruptcy transactions. Advising on regulatory and enforcement developments, including those involving climate change and sustainability, are also part of the group’s broad service offering. Furthermore, the department is often retained by clients from the chemical, pulp and paper, energy and mining sectors in relation to environmental statutory and regulatory obligations. Adeeb Fadil, who is based in Washington DC, is recognised for his extensive experience in assessing and managing the environmental aspects of transactions, including M&A, securities offerings and restructurings. Fadil jointly leads the team with Mike Isby in New York who also specialises in environmental law compliance in consequential transactions.

Practice head(s):

Adeeb Fadil; Mike Isby

Testimonials

‘They integrated seamlessly into the broader transaction team initiatives, allowing for a smooth and efficient process for reaching agreement on the transaction.’

‘Adeeb Fadil demonstrated a keen ability to distinguish between the consequential and inconsequential matters.’

Key clients

AMERGINT Technologies

Apax Partners

The Blackstone Group LP

BorgWarner Inc.

Centerbridge Partners

Genesee & Wyoming

Goldman, Sachs & Co.

Harsco Corporation

Hellman & Friedman

Hovnanian Enterprises

Ingersoll Rand

Johnson Controls International plc

J.P. Morgan Chase

Kohlberg Kravis Roberts & Co.

Microsoft Corporation

PPL Corporation

Quirch Foods Holdings

Silver Lake Partners

Stonepeak Infrastructure Partners

Snow Phipps

Vivint Solar

Waste Management, Inc.

Work highlights

  • Represented Blackstone, Carlyle and Hellman & Friedman in connection with their majority investment in Medline Industries, Inc., one of the largest PE deals in recent years.
  • Acted for CBRE Acquisitions Holdings, Inc., a special purpose acquisition company sponsored by CBRE Group, Inc., in its entry into a definitive business combination agreement with Altus Power, Inc.
  • Advised Global Infrastructure Partners (“GIP”) in connection with the sale of its 25.7% stake in Freeport LNG Development, L.P. (“Freeport”) to JERA Americas Inc. for $2.5bn.

Weil, Gotshal & Manges LLP

Fielding a team of Washington practitioners with Wall Street business sensibilities, Weil, Gotshal & Manges LLP's environmental transactional team is rated for its longstanding experience in this field. Its impressive track record features high-value M&A, divestitures, financings, restructurings and securities disclosures in almost every environmentally-sensitive industry, including hazardous waste management, heavy manufacturing, chemicals, and energy. In the last year alone, the environmental group advised on more than 100 M&A and private equity deals with a total deal value of over $190bn. SPAC IPOs and De-SPAC transactions are a particular area of strength for the firm, and the team is also often involved in real estate acquisitions and bankruptcy matters. Additionally, the group offers advice to corporate clients on ESG and sustainability concerns, including those related to climate change, in the context of company operations as well as investment and financing processes. Department head Annemargaret Connolly  enjoys a strong reputation in the market for her involvement in highly complex and environmentally challenging transactions. She is based in Washington DC, and works closely with the firm’s European and Asian offices in cross-border deals. Also in DC, Thomas Goslin is noted for his experience of transactional mandates involving the renewable and traditional energy and natural resources sectors, while Matthew Morton is increasingly active in mandates pertaining to sustainability and ESG factors on behalf of corporations, institutional investors and private equity sponsors. Counsel John O’Loughlin is another contact for private equity, corporate and financial services clients.

Practice head(s):

Annemargaret Connolly

Other key lawyers:

Matthew Morton; Thomas Goslin; John O’Loughlin

Key clients

Advent International

American Securities

Ardian

Blackstone

Churchill Capital Group

Citi

Cornell Capital

Fortress Investment Group

Genstar Capital

Golden Gate Capital

Goldman Sachs

The Gores Group

Lendlease Americas Inc.

MGM Resorts International

Micron Technology, Inc.

Ontario Teachers’ Pension Plan

QuickChek Corporation

RBC Capital Markets

Sanofi

Searchlight Capital Partners

TPG

TruArc Partners (f/k/a Snow Phipps Group)

Work highlights

  • Advising Gores Guggenheim, Inc., a SPAC sponsored by affiliates of The Gores Group and Guggenheim Capital, in its pending $20bn business combination with Polestar Performance AB (Sweden), a global pure play manufacturer of premium performance electric vehicles, which is currently owned by Volvo Car AB (Sweden), a designer, manufacturer and supplier of automobiles, trucks and vans, and Zhejiang Geely Holding (China), a manufacturer and distributor of automobiles.
  • Advised Churchill Capital Corp IV, a SPAC sponsored by Churchill Capital Group, in its $11.75bn merger with Lucid Motors, a designer, developer and manufacturer of luxury electric automobiles that use its proprietary EV and battery technology and a marketer of such technology for other applications.
  • Assisted Gores Holdings V, Inc., a SPAC sponsored by The Gores Group, in its $8.5bn business combination with Ardagh Metal Packaging S.A. (AMP), a supplier of sustainable and infinitely-recyclable beverage can metal packaging to global, regional and national beverage producers, with AMP’s parent, Ardagh Group S.A. (Luxembourg), a global supplier of glass and metal packaging products for beverages, food and other consumer products, retaining an approximately 80% stake in AMP.

Allen & Overy LLP

Allen & Overy LLP supports domestic and international clients with a host of environmental matters in the context of transactions, including M&A, project finance, capital markets and real estate investments, and deal-related indemnity disputes. Singled out for its experience in cross-border matters, the team boasts a strong reputation for its expertise in identifying ESG risks on behalf of corporations, private equity sponsors, investors, lenders and portfolio companies. Recent areas of activity include ESG-linked credit facilities and mandates involving the new Equator Principles. Leading the global environmental law group is Ken Rivlin, who is go-to counsel to leading corporations operating in environmentally-sensitive industries. Felise Cooper is recommended for multi-jurisditional matters and the full-array of environment, health and safety (EHS) issues, while Maria Christopher-Bell is particularly noted for her work in drafting and negotiating environmental indemnity agreements. ESG is an area of particular focus for Nick Ognibene, who is also proficient in the analysis of environmental liability in the context of transactions. All named practitioners are based in New York.

Practice head(s):

Ken Rivlin

Other key lawyers:

Felise Cooper; Maria Christopher Bell; Nick Ognibene

Testimonials

‘Good, clear, efficient communication.’

‘Availability to discuss the case, and offer clarity in the chances we have as a company in the case.’

Key clients

General Electric

Under Armour

U.S. Department of Energy

Apollo Global Management

Equator Principles Association

The Carlyle Group

Intermediate Capital Group (ICG)

International Finance Corporation (IFC)

Citibank

Sabin Center for Climate Change Law of Columbia University

Cahill Gordon & Reindel LLP

The environmental group at Cahill Gordon & Reindel LLP stands out for its vast knowledge of financing transactions, evidenced by its involvement in market-leading deals spanning bank lending, M&A, public debt offerings and IPOs. Covering domestic and international environmental law and related ESF matters, the firm is retained in mandates across multiple environmentally-sensitive industries, including energy, heavy manufacturing and mining. Although the team’s core focus is helping clients minimize environmental risk in the context of their operations and business transactions, practitioners are also adept at advising on regulatory developments related to emerging contaminants, and assisting banking and investor clients with environmental and energy regulatory compliance matters. Gregory Battista, who has over three decades’ experience in handling environmental law issues, leads the New York-based group. Peter Gioello takes the lead on several transactions involving highly regulated industries, and has been increasingly focused on ESG issues and corporate M&A deals. ESG, emerging contaminants, remediation and energy regulations are among Lynn Schmidt‘s areas of expertise.

Practice head(s):

Gregory Battista

Other key lawyers:

Peter Gioello; Lynn Schmidt

Testimonials

‘The Environmental team have proved that they are at the forefront of thinking on ESG.’

‘The standout individual at Cahill is Greg Battista who leads the environmental team. I have worked with Greg since the mid 1990s. His breadth of knowledge on environmental issues is outstanding- reflecting the decades of experience that he has working in this field. Greg has the rare gift of combining deep technical knowledge with a highly pragmatic approach. He has the ability to take highly complex facts and to distil these into straightforward and practical advice.’

‘Greg Battista has a very easy-going manner and is highly personable- which to the uninitiated may hide a formidable and sharply independent intellect. He also shows a deep understanding of human nature and how people are likely to react to scenarios. Often it is not so much about the law but how you can explain things and build trust. This combination of skillsets makes Greg a truly exceptional lawyer and he is the ultimate problem solver.’

‘Greg Battista has kept his practice at the forefront of developments for example in relation to ESG. Much of what goes now for ESG are issues that he has been working on for many years- under the banner of sustainability. So although ESG is perceived to be new- most of the issues it relates to eg climate change and biodiversity, are those that he has been working on for nearly 40 years or so.’

‘I have worked with Cahill for a number of years and would have no hesitation in recommending them.’

‘I would particularly like to mention Greg Battista. His legal knowledge and responsiveness is a real strength. I always enjoy working with him and would have no hesitation recommending him to clients.’

Key clients

J.P. Morgan

Credit Suisse

Citigroup Global Markets Inc.

Deutsche Bank

Morgan Stanley

Wells Fargo

UBS

Truist Securities, Inc.

Envigo RMS Holding Corp.

1-800-Flowers

Work highlights

  • Represented the underwriters group led by J.P. Morgan in connection with a $1.15bn notes offering by W.R. Grace Holdings, a chemical manufacturing company with operations across the globe.
  • Acting for Envigo, a leading global provider of research models and services to the pharmaceutical and biotechnology industries, in the sale of Envigo to Inotiv Inc., a leading contract research organization.
  • Represented the initial purchasers in connection with a Rule 144A offering of $900m aggregate principal amount of 3.750% senior secured notes by Calpine Corporation.

Debevoise & Plimpton LLP

Working hand-in-hand with the firm’s leading corporate group, Debevoise & Plimpton LLP‘s environmental team is well placed to handle many of the most complex, high-stakes transactions taking place in the market. Typical mandates include evaluating and mitigating the environmental risks and liabilities of domestic and international deals, ranging from M&A to securities offerings and financing matters. Despite the challenges posed by Covid-19, the group was kept busy with numerous multi-facilities transactions across a wide range of environmentally-sensitive industries, including manufacturing, paper, media, chemicals and healthcare. ESG and climate change issues are other areas of focus for the department, which is under the leadership of Stuart Hammer  in New York. Hammer is go-to counsel for several preeminent private equity firms, investment management funds and leading corporations; he is also singled out for his comprehensive knowledge of ESG matters associated with transactions.

Practice head(s):

Stuart Hammer

Other key lawyers:

Harry Zirlin

Testimonials

‘I have worked with Harry Zirlin for years. He is an accomplished lawyer in all respects and understands our business and goals. His advice and judgement over the years have been extremely helpful.’

‘Debevoise has a very strong environmental group that is able to take complex environmental issues and distill them into the key issues and bottom line concerns. They have also recognized the need to expand traditional environmental due diligence into the broader ESG (environmental, social & governance) matters that investors are increasingly interested in.’

‘Stuart Hammer is very knowledgeable, responsive, and accessible.’

Key clients

Artera Services

Canadian Pension Plan Investment Board (“CPPIB”)

Cerberus Capital Management

Clayton, Dubilier & Rice

Cornerstone Building Brands

Covanta Holding Corporation

Domtar Corporation

Dover Corporation

HCA Healthcare

International Paper Company

Johnson & Johnson

JP Morgan Asset Management

Kelso & Company

Morgan Stanley

Pactiv Evergreen

Rank Group

Reynolds Group

Solenis

The Carlyle Group

TPG

White Cap Supply

Work highlights

  • Advised Solenis on its sale to Platinum Equity.
  • Assisting Covanta Holding Corporation (NYSE: CVA) with its sale to EQT Infrastructure in a transaction valued at more than $5bn, in which EQT will acquire all shares of Covanta common stock for $20.25 per share.
  • Advised Clayton, Dubilier & Rice (“CD&R”) on an agreement in which CD&R funds led an investment to acquire HD Supply Holding Inc.’s Construction & Industrial-White Cap business (“White Cap”), a leading distributor of specialty concrete and construction products, for $2.9bn, and combine it with Construction Supply Group (“CSG”), a leading U.S. distributor of specialty concrete and masonry accessories.

O'Melveny & Myers LLP

O'Melveny & Myers LLP‘s multidisciplinary environmental and natural resources practice assists numerous corporations, investors, financial institutions, and private funds with the environmental considerations of major US-based and international corporate transactions, real estate investments and projects. Besides providing environmental due diligence examinations, the team is also sought after for its proficiency in pre-development assessments, environmental compliance reviews, permitting applications and agency approvals. The group is managed by Eric Rothenberg in New York, whose experience covers environmental diligence of M&A, financings and restructurings involving industrial and commercial properties. Environmental lawyer John Rousakis, who also sits in the New York office, acts for clients in the mining, oil and gas, chemicals and manufacturing industries. Kelly McTigue is a name to note in Los Angeles for transactional and regulatory work.

Practice head(s):

Eric Rothenberg

Other key lawyers:

John Rousakis; Kelly McTigue

Key clients

Apollo Global Management

City of Miami (FL)

LaGuardia Gateway Partners

Terminal One Group Association

Work highlights

  • Provided environmental and regulatory diligence and documentation for Apollo Global Management Infrastructure and Natural Resources funds in connection with its acquisition of a majority stake in sustainable wood fuel company A.S. Graanul.
  • Provided environmental and ESG diligence and documentation on Apollo Global Management’s (AGM) $2.25bn purchase of the operating assets of The Venetian Resort Las Vegas and Sands Expo and Convention Center.
  • Provided environmental, health and safety diligence and documentation on Apollo Hybrid Value Fund’s $591m investment in Sazka Group, a European gaming and lottery company.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP’s environmental and climate change department enjoys a stellar market reputation, boasting an impressive full-service offering and a track record in high-value corporate transactions, including mergers, asset sales, joint ventures, financings and offerings. The team’s varied client roster operates in an array of highly-regulated sectors, ranging from energy and mining to chemicals, manufacturing, TMT, infrastructure and life sciences. Advice covers the assessment of environmental liabilities, insurance policies, post-closing issues, remediation requirements and indemnity agreements; in addition, the team is adept at assisting developers, lenders and investors in the context of conventional and renewable energy projects, as well as brownfield redevelopment in the infrastructure space. Elizabeth Malone is seasoned in all aspects of environmental law, including disclosure issues and sustainability initiatives. She oversees the practice out of Washington DC. In the same office, Henry Eisenberg is noted for advising on the environmental issues in financings, real estate and corporate deals.

Practice head(s):

Elizabeth Malone

Other key lawyers:

Henry Eisenberg

White & Case LLP

White & Case LLP is well placed to handle complex environmental liabilities on headline-grabbing transactions in the United States and abroad, drawing on the expertise of the firm’s environmental attorneys across Europe, Asia, Australia and Latin America. The team, which brings together experience in environmental transactional, regulatory and litigation mandates, also attracts instructions from clients in relation to energy transition and decarbonisation, cutting-edge sustainability issues, climate change and ESG in the context of transactions. New York-based Seth Kerschner, who offers assistance to public and private companies, governments and non-profits, oversees the practice that is adept at representing clients in financings and capital markets offerings involving sustainability frameworks, such as the Climate Bonds Initiative and the Equator Principles. Also in New York, Laura Mulry is increasingly engaged in ESG  duediligence and sustainability risks and opportunities throughout all aspects of transactions and business. Taylor Pullins, who recently joined the Houston office from Noble Energy, is a key contact for energy clients.

Practice head(s):

Seth Kerschner

Other key lawyers:

Taylor Pullins; Laura Mulry

Testimonials

‘The team provided us with all of the support that we needed to achieve our objective in our negotiation.’

‘Laura Mulry is an outstanding person and gifted attorney. Seth Kerschner is an authoritative partner who got involved at the right times to keep the negotiation moving along productively.’

Key clients

Macquarie Infrastructure Corporation

BNP Paribas, Goldman Sachs & Co., and HSBC Continental Europe

Abu Dhabi Future Energy Company PJSC

Sempra Energy

InterPrivate III Financial Partners Inc.

Diamond S Shipping Inc.

Occidental Petroleum Corporation

Sixth Street Partners, LLC

Arroyo Energy Investors Fund III LP

Forum Merger III Corporation

Work highlights

  • Represented Macquarie Infrastructure Corporation in the sale of its Atlantic Aviation business, International-Matex Tank Terminals, and its “MIC Hawaii” businesses.
  • Acted as environmental counsel to Masdar in its acquisition of a 50% stake in a clean energy portfolio with total capacity of approximately 1.6 GWs, making it one of the largest acquisitions of renewable assets in North America.
  • Advised InterPrivate, a publicly traded special purpose acquisition company (SPAC), in a De-SPAC merger with Aspiration Partners, Inc. (Aspiration), a global leader in Sustainability-as-a-Service solutions for consumers and companies.

Bracewell LLP

With environmental practitioners in Washington DC and Texas, Bracewell LLP provides advice across the United States to a plethora of clients, including companies active in key sectors such as chemicals, renewables, mining, technology and construction. The team stands out for its strength in renewable energy and energy transition issues, advising multiple developers and infrastructure funds on commercial-scale projects, joint ventures, strategic partnerships and investments. Recent mandates have also seen the group support EHS-related due diligence on major business transactions involving complex environmental issues, and assists clients in ESG disclosure requirements and transparency. Jason Hutt  in Washington DC is a key name for environmental issues associated with project development and infrastructure permitting. He jointly heads up the environment, lands and resources team with Austin-based Timothy Wilkins, whose areas of activity include ESG issues, climate change and assistance with the environmental aspects of major transactions. Kevin Ewing  in DC is recommended for environmental and climate change disclosures under the SEC laws.

Practice head(s):

Jason Hutt; Timothy Wilkins

Other key lawyers:

Kevin Ewing

Key clients

USA BioEnergy

Navigator CO2 Ventures, LLC

Starlight Relativity Acquisition Company LLC

Equinor Wind

Eni US Operating Co. Inc. and Eni Petroleum US LLC

Rockland Capital, LP

NRG Energy, Inc.

Sol Systems

Standard Solar Inc.

Invenergy, LLC

Gray Oak Pipeline, LLC

Work highlights

  • Representing USA BioEnergy, a developer of renewable energy projects specializing in the conversion of waste in liquid fuels including ASTM-grade diesel and jet fuel, incorporating carbon capture and sequestration.
  • Representing Navigator CO2 Ventures LLC, a portfolio company of BlackRock Global Energy & Power Infrastructure Fund III, in connection with transactions and agreements necessary to develop an industrial scale carbon capture pipeline system (CCS).
  • Advising Equinor on its ground-breaking $1.1bn transaction with bp plc to form a joint venture for the development of a US offshore wind portfolio.

King & Spalding LLP

A variety of Fortune 200 corporations, private equity firms, lenders and portfolio companies seek King & Spalding LLP‘s support in complex environmental issues and liabilities arising in the context of business transactions. Working in collaboration with the firm’s corporate, project finance and real estate practices, the environmetal, health and safety group provides comprehensive advice on the full spectrum of deals- M&A, project finance, credit and hedge financing, and construction loans. Energy-sector transactions involving conventional and renewable sources are a core strength for the group, which is also skilled in the fields of emerging contaminants and brownfields issues. Granta Nakayama oversees the Washington DC-based department. Cynthia Stroman , who has a chemical engineering background, often acts for project proponents, lenders and companies in environmentally sensitive industries. Incident response and transactional matters are among Joseph Eisert ‘s areas of expertise. Les Oakes  is the name to note in Atlanta for transactional mandates. All practitioners are based in DC, unless stated otherwise.

Practice head(s):

Granta Nakayama

Other key lawyers:

Cynthia Stroman; Joseph Eisert; Les Oakes; Marcella Burke

Key clients

Atlas Holdings

Axium Infrastructure

Members of Banker Steel Holdco LLC

Blackstone Alternative Credit Advisors, LP

Brookfield Renewable US

Capital Dynamics, Inc.

H.I.G. Capital

InstarAGF Asset Management

Maass Holding Gmbh

NexTier Oilfield Solutions, Inc.

Novipax LLC

QOMPLX, Inc.

N.F. Smith & Associates

Bank ACON Investments

Kraton Corporation

Acuity Brands

United Parcel Service, Inc.

Chevron

Starwood Energy Group

Work highlights

  • Advised Brookfield Renewable U.S. on protected species and other environmental aspects of its acquisition of the third largest wind farm in the United States.
  • Negotiated domestic and cross-border chemicals issues for H.I.G. Capital in its portfolio company DCL’s acquisition of Sun Chemical’s perylene and quinacridone business.
  • Advised Capital Dynamics, Inc. on the environmental aspects of its acquisition of an approximately 300MW portfolio of operating solar power plants located in California, Delaware and Arizona from LS Power.

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP‘s environmental practice regularly works on M&A, financings, securities offerings, joint ventures and real estate deals. The team is adept at advising numerous clients in various roles (including buyers, sellers, lenders, borrowers, investors, issuers and underwriters) engaged in transactions with considerable environmental implications. Air emissions, hazardous waste management, contaminated land, chemical use and climate change are all areas of expertise for the group, which also assists clients from the financial, industrial and extractive industries with ESG issues and sustainability concerns in relation to business operations and strategic transactions. The department is chaired by counsel William O’Brien, who possesses a wealth of experience advising public and private companies, and investment funds on the environmental aspects of their most impactful transactions. O’Brien- who is based in New York- also has a deep knowledge of environmental disclosure requirements in securities offerings and parent corporation liability.

Practice head(s):

William O’Brien

Testimonials

‘The individuals I have worked with are very respectful, collaborative, and supportive as we work together toward the common goal of the effort.’

Proskauer Rose LLP

Headquartered in New York, Proskauer Rose LLP provides comprehensive environmental law advice on domestic and cross-border transactions, handling a busy workload that features high-value financings, M&A and real estate investments. The environmental group is proficient in the full spectrum of compliance matters, remediation, sustainability and climate change issues, and regularly retains instructions from clients that are active in the chemical, pharmaceutical and manufacturing industries. In response to increasing focus on the importance of ESG issues across all sectors, the firm developed a cross-disciplinary ESG-focused practice group. Aliza Cinamon has worked on transactions involving public and private companies across a wide variety of regulated industries. Former department head Gail Port has now left the firm.

Other key lawyers:

Aliza Cinamon

Key clients

Adirondack Council

Apollo Investment Management, L.P.

Arkema

Charles B. Wang Community Health Center

Eloxx Pharmaceuticals, Inc.

Grifols, S.A.

GrowNYC

MGG Investment Group

Morgan Stanley Capital Partners

Murray Metallurgical Coal Holdings LLC

Not-for-Profit Environmental Clients

Parks & Trails New York

Sixth Street Partners

Stellex Capital Partners

Teva Pharmaceuticals USA, Inc. and Various Subsidiaries

The Rector, Church-Wardens and Vestrymen of Trinity Church, in the city of New-York

The Watermill Group

Adirondack Council

Work highlights

  • Represents Teva Pharmaceuticals in connection with liability alleged at several contaminated Superfund sites.
  • Assisted  Arkema in the acquisition of the performance-adhesives unit of Ashland Global Holdings Inc.
  • Represents Trinity Church and certain affiliated entities in connection with the environmental investigation and remediation of two sites that will be developed for office and commercial uses.

Vinson & Elkins LLP

Drawing on the firm’s vast internal network of experienced lawyers, Vinson & Elkins LLP‘s sizeable environmental and natural resources department acts for a number of clients in relation to the management of environmental risks in large business transactions. The team, whose experience spans an array of environmentally sensitive industries, stands out for its credentials in the permitting space, and is seen with great regularity securing and defending permits for the development of conventional and renewable energy projects and industrial establishments. The practice has a strong base in Texas, with Houston-based Larry Nettles  taking the lead in multifaceted environmental issues in connection with major transactional mandates. He jointly heads up the practice with Ron Tenpas in Washington DC. Sitting in the Houston office, Matthew Dobbins  is seasoned in every major environmental statute, and offers legal support to financial institutions, corporations and private equity clients on a regular basis. Casey Hopkins  is a contact for allocations of liability in M&A deals, while Margaret Peloso  is noted for her climate change risk management experience. Both practitioners are based in DC.

Practice head(s):

Larry Nettles; Ron Tenpas

Other key lawyers:

Casey Hopkins; Matthew Dobbins; Margaret Peloso; Lindsay Hall

Testimonials

‘I really love the Dobbins/ Nettles combination at V&E. It can’t be beat.’

‘Matt Dobbins and Larry Nettles at V&E seem to be the absolute best environmental lawyers in this ultra-competitive market.’

‘Very responsive. Look to solve problems and get the deal done. Immediately define if there is an issue, and if so, can it be solved.’

‘Larry Nettles is a fantastic person and an incredible attorney. His experience is so broad that I am always impressed by his knowledge.’

Key clients

Popular Bank

Riverstone Holdings

The Blackstone Group, LP

Altivia Chemicals LLC

Apollo Global Management, Inc.

Northstar Terminals, LLC

Texas Deepwater Port, LLC

Pinto Realty Partners, Ltd.

Validus Energy Holdings, LLC

Hartree Partners, LP

Goldman Sachs

Mercuria Investments US, Inc.

Hudson Advisors (Lone Star Fund)

Appollo – FlexGen

Citibank NA

Decarbonization Plus Acquisition Corporation II

Enviva Partners

Evgo

Magellan Midstream Partners, L.P.

New Fortress Energy

Queens Gambit Growth Capital

The Sinclair Companies

Switchback

Tortoise

Work highlights

  • Representing Woodside Petroleum Ltd in its merger with BHP Petroleum with an approximately $30bn merged entity value.
  • Acting for Popular Bank (formerly known as Banco Popular) which is headquartered in Puerto Rico but makes loans in the U.S.
  • Served as lead environmental counsel for Blackstone’s acquisition of Sabre Industries, a leading designer and manufacturer of engineers and infrastructure-critical steel poles, towers, battery storage solutions, and related services for the electrical utility and telecom end markets.

Dechert LLP

Based in Philadelphia, Dechert LLP‘s practice routinely advises on the environmental implications of acquisitions and divestitures in the real estate and corporate spaces, and is also fairly active in real estate financing deals at the domestic and international levels. Working in close collaboration with the firm’s 26 offices around the globe, the team receives instructions involving the negotiation of environmental provisions in the structuring of transactions, environmental due diligence and development of mechanisms to mitigate environmental risks, including indemnities and reps and warranties policies. In addition to assessing the environmental liabilities associated with corporate, real estate and financing deals, department leader Abbi Cohen is also recommended for federal permitting and regulatory compliance advice. The latter is an area of focus for John Ix, who is also seasoned in environmental disputes.

Practice head(s):

Abbi Cohen

Other key lawyers:

John Ix

Key clients

Crown Holdings

Sterling Investment Partners

Resource Label Group

One Equity Partners

Seawall Capital

Blue Torch Finance

Cerberus Capital

Quilvest Capital

Berwind Group

H&E Equipment

Work highlights

  • Assisted Crown Holdings, Inc. in connection with the sale of its European Tinplate business to KPS Capital Partners, LP.
  • Advised J.P. Morgan Asset Management on its acquisition of Campbell Global from BrightSphere Investment Group, a transaction being done in an effort to directly impact the transition to a low-carbon economy and provide ESG-minded investment opportunities related to climate, conservation and biodiversity.
  • Advised Resource Label Group, a leading, full-service manufacturer of pressure sensitive labels, shrink sleeves and RFID/NFC technology, on its sale to the Private Equity Group of Ares Management Corporation.

Paul Hastings LLP

With a strong profile in the energy and real estate sectors, Paul Hastings LLP has broad experience of handling challenging  environmental aspects of nationwide and cross-border transactions, including both in- and outbound work on behalf of US-based and international clients. Led by Tom Mounteer in Washington DC, the practice regularly acts for a range of financial institutions, major corporations, private equity and real estate investors in connection with the acquisition of contaminated property, construction financing and diligence strategies. Department chair Mounteer, whose experience covers real estate, capital markets, private equity, M&A and bankruptcy matters, is skilled at resolving deal- and business-critical issues pertaining to environmental law.

Practice head(s):

Tom Mounteer

Testimonials

Very responsive and provide thoughtful answers and support.

Key clients

Barclays

BMO (Bank of Montreal)

Boeing

Capital One

Credit Suisse

General Electric

Hines

JP Morgan

Kobe Steel

LG

Morgan Stanley

Oaktree Capital Management

RBC (Royal Bank of Canada)

Samsung

Société Générale

UBS

Vance Street Capital

Wells Fargo

Work highlights

  • Advised Lima Airport Partners on the environmental conditions (the “Equator Principles”) applicable to a $450m series of financings for the airside development program at Jorge Chávez International Airport.
  • Assisted Aterian Investment Partners in respect of its $100m acquisition of Swiss Precision Manufacturing, notably advising on environmental liability risk and the acquisition agreement’s environmental representations.
  • Advised Vance Street Capital on its acquisition of Wytech Industries, a manufacturer of specialty core wires and related components for interventional medical devices.

Sullivan & Worcester LLP

Chaired by Jeffrey Karp  in Washington DC, the environment, energy and natural resources at Sullivan & Worcester LLP stands out in particular for its expertise in land use, zoning and environmental permitting work on real estate development projects and Real Estate Investment Trust (REIT) transactions. The well-established team has notable strength advising on pesticide and agricultural chemical transactions, and continues to expand its already extensive client base with new clients in the renewable energy sector, which is a growing area of focus for the department. Victor Baltera , who works out of Boston, is frequently engaged in permitting matters and environmental due diligence for acquisitions and financings of industrial and commercial properties throughout the United States.

Practice head(s):

Jeffrey Karp

Other key lawyers:

Victor Baltera

Key clients

Cronin Holdings LP

Industrial Logistics Properties Trust (Nasdaq: ILPT)

Manulife US Reit (SGX: BTOU)

FoxRock Properties

Work highlights

  • Represents FoxRock Properties concerning environmental issues related to its pursuit to redevelop a 2.3 acre parcel formerly owned by the City of Quincy into a three-building campus featuring a life sciences/medical office building, hotel, and housing component.

Troutman Pepper

Troutman Pepper‘s well-staffed environmental and natural resources group acts for major U.S. and international companies, trade associations, municipal governments and federally grant-funded, non-profit environmental organizations active in an array of sectors. With multiple offices nationwide, the firm offers clients seamless environmental law assistance on M&A, project development, financings, restructurings, capital markets and insurance matters. Real estate and energy-related transactions are notable areas of practice for the team, which is under the joint leadership of Atlanta-based Catherine Little and Fitzgerald Veira. In the New York office, Hayden Baker is retained by private equity investors, financial institution and companies in a myriad on transactions, especially those taking place in the chemicals, infrastructure and technology industries. Also in New York, Andrew Perel focuses on all aspects of environmental law, including environmental compliance and due diligence for corporate transactions and real estate financing.

Practice head(s):

Catherine Little; Fitzgerald Veira

Other key lawyers:

Hayden Baker; Andrew Perel; Andrea Rimer; Buck Dixon

Key clients

Broad Reach Power

UBS AG

Square Mile Capital Management LLC (Real Estate arm of USAA)

LMF Commercial

Societe Generale Corporate and Investment Banking – SGCIB

Urban Edge Properties

Portman Industrial, LLC and Portman Holdings, LLC

Work highlights

  • Represented Broad Reach Power in connection with its acquisition of a development stage 10MW-40MWh transmission connected energy storage project located in California.
  • Act as national coordinating environmental counsel for Rialto Mortgage Finance, handling all deal reviews for several portfolio loans involving self-storage facilities and industrial warehouses.

Willkie Farr & Gallagher LLP

Offering comprehensive environmental, health and safety support, Willkie Farr & Gallagher LLP concentrates on the environmental aspects of M&A and private equity transactions, project finance, real estate developments and other ventures. The firm also provides clients with multi-disciplinary advice on their ESG strategies, covering sustainability, environmental financial instruments, regulatory development, and disclosure practices. William Thomas , who is based in Washington DC, oversees the practice. He is counsel of choice for numerous companies, financiers and developers on environmental matters pertaining to transactions and projects.

Practice head(s):

William Thomas

Key clients

Genesis Park Acquisition Corp.

Holley

Enstor Gas, LLC

Zenith Energy

New Mountain Capital (and Sparta Systems)

Precinmac Precision Machining

Miami International Holdings (and MIAX Exchange Group)

Arkema

Caliche Development Partners

Zurich (and Farmers Group, Inc.)

Griffin Dewatering

Atlas Holdings

Highline Aftermarket Investments, LLC

Compass Partners Capital, LLC

Frontline Road Safety Acquisition

The Sterling Group

New Mountain Capital (and DRB Systems, LLC)

Rod and Tubing Services

Cérélia Group Holdings SAS

R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P.

Franchise Group

Samson Resources II, LLC

PAI Partners