Top 10 Legal Advisors in Power & Utilities Industry in the World in 2022 by Deal Volume
Kirkland & Ellis LLP, White & Case LLP, CMS Legal Services EEIG, Latham & Watkins LLP, and Watson Farley & Williams LLP are among the top 5 legal advisors in the power & utility industry in 2022 by deal volume. BP-Archaea Energy was a major deal in the Power & Utilities sector in 2022. Cleary Gottlieb Steen & Hamilton LLP, Kirkland & Ellis LLP, and Jones Day LLP served as legal advisors to Archaea Energy, while Freshfields Bruckhaus Deringer LLP acted as legal advisor to BP Plc. BP Plc has completed the acquisition of Archaea Energy Inc., a producer of renewable natural gas (RNG) in the US, for a transaction value of $4,100 million. The Macquarie Asset Management-National Grid was one of the major deals in the Power & Utilities sector in 2022. CMS Legal Services EEIG, White & Case LLP, and Clifford Chance LLP served as legal advisors to Macquarie Asset Management, while Latham & Watkins LLP served for British Columbia Investment Management. Macquarie Asset Management Holding Pty Ltd, an Australia-based financial services company that provides specialist investment solutions to clients and British Columbia Investment Management Corp, a Canada-based company that offers asset management and investment services through their consortium have completed the acquisition of a 60% stake in National Grid Gas plc (NGG), a company that owns and operates the 7,660-kilometre gas transmission system in the UK from National Grid Plc, an electricity and gas utility company, for a purchase consideration of $5,534.38 million. The deal was completed in Q1 2023. Germany Government-Uniper was another major deal in the Power & Utilities sector in 2022. CMS Legal Services EEIG served as legal advisor to the Government of Germany. The Government of Germany has acquired Uniper SE, a subsidiary of Fortum Corp, an energy company, which generates, trades, and markets energy; and procures, stores, transports, and supplies commodities such as LNG, natural gas, coal, and energy-related products, for a purchase consideration of $522.35 million. The deal was closed by Q4 2022.