Kirkland & Ellis advised Bernhard Capital Partners on its agreement to purchase Entergy’s gas distribution business for approximately $484 million in cash, subject to certain purchase price adjustments. Entergy Louisiana’s gas business serves approximately 95,000 homes and businesses in the Baton Rouge area, and Entergy New Orleans’ gas business serves approximately 109,000 homes and businesses in New Orleans.
The Kirkland team was led by corporate partners Bill Benitez, Rob Goodin and Daniel Cadis; debt finance partners Lucas Spivey and Jordan Roberts; tax partner Mark Dundon; and energy regulatory partner Brooksany Barrowes.
