MENU PRESS RELEASE Kirkland Advises Apollo on Investment in Broad Reach Power 22 NOVEMBER 2021 Kirkland & Ellis counseled Apollo (NYSE: APO) on its agreement to use funds managed by Apollo affiliates to acquire a 50 percent stake in Broad Reach Power LLC, a leading utility-scale energy storage and renewable energy platform in the United States. The Apollo Funds will acquire the stake from existing investor EnCap Investments L.P. and its co-investment partners Yorktown Partners and Mercuria Energy. EnCap and its co-investment partners will retain the other 50 percent stake and, together with the Apollo Funds, commit to invest up to $400 million of additional equity to fund Broad Reach’s continued expansion and growth pipeline. Read Apollo’s press release The Kirkland team was led by corporate partners Adam Larson and Cy Jones and associate Fernanda Langa; tax partners Mark Dundon and Joe Tobias; and energy regulatory partners Brooksany Barrowes and Marcia Hook. Related Professionals Adam D. Larson, P.C. Partner Houston Austin Cyril V. Jones, P.C. Partner Houston Fernanda M. Langa Associate Houston Mark Dundon, P.C. Partner Houston Joe Tobias Partner Houston Brooksany Barrowes Partner Washington, D.C. Marcia Hook Partner Washington, D.C. Related Services Practices Transactional Private Equity Energy & Infrastructure Energy Regulatory Suggested Reading 16 February 2022 - 18 February 2022 Sponsored Event Global Fund Finance Symposium 23 November 2021 Kirkland Alert COP26 and the Role of Private Capital 23 November 2021 Award China M&A Awards 2021 Intellectual Property Litigation Restructuring Transactional Asia Beijing Hong Kong Shanghai Europe Brussels London Munich Paris U.S. Austin Bay Area Boston Chicago Dallas Houston Los Angeles New York Salt Lake City Washington, D.C. Language Resources 中文(简体) Español Français Deutsch Locations About Kirkland Attorney Advertising Privacy & Disclaimers © 2021 Kirkland & Ellis LLP By clicking “Accept All Cookies,” you agree that we can store cookies on your device. We use cookies to improve your Website experience, provide additional security, and remember you when you return to the Website.Privacy Policy Cookies Settings Reject All Cookies Accept All Cookies