Kirkland & Ellis LLP : advises Lucid II Management and Jefferies on $1.6B sale of Lucid II by Lucid Energy Group

Kirkland advises Lucid II Management and Jefferies on $1.6B sale of Lucid II by Lucid Energy Group

Kirkland & Ellis represented the Lucid Energy Group II, LLC management team in connection with the sale of Lucid Energy Group II to a joint venture controlled by Riverstone Global Energy and Power Fund VI, L.P., an investment fund managed by Riverstone Holdings and investment funds managed by the Merchant Banking Division of The Goldman Sachs Group Inc. for approximately $1.6 billion in cash. Following the sale, the Lucid II management team will continue in their current roles with Lucid Energy Group II. Kirkland also represented Jefferies in connection with providing fully underwritten financing to the new joint venture. The full release is available here. The Kirkland team that represented the Lucid Energy Group II, LLC management team included corporate partners Adam Larson and Mark Ramzy; executive compensation partner Scott Price; and tax partner Mark Dundon. The Kirkland team that represented Jefferies included debt finance partners Will Bos and Andy Veit and associate Eugenio Cardenas; and capital markets partner Justin Hoffman and associate Samantha Blons.