Simpson Thacher represented Global Infrastructure Partners (“GIP”) in connection with its acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy. The transaction involves the acquisition by GIP’s fourth flagship fund, GIP IV, of 100% of the MAP® RE/ES investment platform, team and renewable energy assets under management. The assets include a portfolio of producing royalty interests across more than 16,000 MW of operating wind and solar projects in the United States, as well as a nationwide development pipeline managed through joint ventures with leading national and regional development partners. The MAP® RE/ES business will continue to be led by its existing investment team. This transaction expands on GIP's global renewables investment strategy. GIP's current portfolio includes approximately $9 billion of equity investments and commitments in the sector, and ownership interests in over 10 GW of operating renewable assets and over 65 GW under construction or in development.
The Simpson Thacher team includes Eli Hunt, Brian Chisling, James Parry, Donovan Westbrook, Melissa Parres and Robert Harrison (M&A); Russell Light and Abigail Hopper (Tax); David Rubinsky, Patricia Adams and Jake Phillips (Executive Compensation & Employee Benefits); Michael Isby (Environmental); Lori Lesser, Amber Harezlak and Elizabeth Gladstone (Intellectual Property); Matthew Einbinder and Amy Beller (Project Finance); Ryan Bekkerus (Capital Markets); Peter Guryan, Abram Ellis and Kelly Karapetyan (Antitrust); and Krista McManus and Dennis Loiacono (Real Estate).