Latham & Watkins Advises ArcLight in Acquisition of Kleen Power Interests

ArcLight Capital Partners, LLC (together with its affiliates ArcLight) announced its managed fund has entered into definitive purchase agreements with Osaka Gas USA Corporation and Kyuden International Americas Inc. to acquire their indirect common equity ownership interests in Kleen Energy Systems, LLC (Kleen Power). Following closing, ArcLight's power management team, Alpha Generation Services, LLC, will take over the management of Kleen Power. The transaction is expected to close in 2025, subject to regulatory approvals.

Latham & Watkins LLP represents ArcLight in the transaction with a corporate deal team led by New York partners David Allinson, Jane Greyf, and Thomas Engelhardt, with associates Sally Wu and Gemma Zhang. Advice was also provided on project finance matters by New York partner Chirag Dedania, with associate Ashley Pappenfus; on tax matters by Bay Area partner Katharine Moir, with associate Gregory Conyers; on environmental matters by Los Angeles/Houston partner Joshua Marnitz; on litigation matters by New York partner Zachary Rowen; on real estate matters by Chicago counsel Jeffrey Anderson; and on antitrust matters by Washington, D.C. partners Peter Todaro and Farrell Malone, with associates Joshua Goldstein and Alexandra Clark.