Macquarie Asset Management (“MAM”), DESRI and the D. E. Shaw group announce that MAM has agreed to acquire a significant minority stake in DESRI via a number of MAM-managed funds. The MAM-managed funds include Macquarie Global Infrastructure Fund (“MGIF”), Macquarie Green Energy and Climate Opportunities Fund (“MGECO”) and Macquarie Energy Transition Infrastructure Fund International (“METI”). DESRI is a leading renewable energy company that develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the United States. This investment of up to approximately $US1.725 billion is intended to enable DESRI to continue its growth and enhance its market-leading position.
King & Spalding (K&S) advised MAM on the transaction. The K&S deal team on the matter was led by Jonathan Melmed, Partner and Co-Chair, Global Private Equity and M&A and Chair, Global Infrastructure. The deal team also included Aaron Hullman and Amit Kataria, Partners in the Global Private Equity and M&A practice.
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