Ahmed Sidik, P.C.
Overview
Ahmed Sidik is a partner in the Houston and Austin offices of Kirkland & Ellis LLP. Ahmed advises clients on complex corporate transactions, including carve-out transactions, mergers and acquisitions, divestitures, private equity, growth equity and project development investments, recapitalizations, joint ventures, commercial arrangements and related general corporate counseling, with a particular focus on the energy, infrastructure and technology sectors. Prior to law school, Ahmed worked for an oilfield equipment and services company, where he was involved in projects with clients primarily from Southeast Asia.
Ahmed is recognized in The Legal 500 United States for Renewable/Alternative Power (2024) and Energy Transactions: Electric Power (2023–2024), by Lawdragon as one of the 500 Leaders in Energy from 2023–2024, and has been named a Texas Rising Star for Mergers & Acquisitions by Thomson Reuters (2023).
Experience
Representative Matters
HF Capital, LLC in a $725 million investment to launch Ara Energy Decarbonization, an initiative aimed at decarbonizing heavy industry
Mountain Creek Power in the sale of a 808 MW power generating facility in Texas to Trafigura and Frontier
Basalt Infrastructure Partners in its acquisition of AEP OnSite Partners, the distributed resources business of American Electric Power (NASDAQ: AEP)
Macquarie Asset Management in its sale of Lordstown Energy Center to ArcLight Capital Partners
TexGen Power, an IPP, in its sale of Wolf Hollow, Colorado Bend and La Porte power generation facilities in Texas with a total capacity of 1.5 GW, to a subsidiary of TotalEnergies
Glentra, alongside Novo Holdings and PKA, in the $300 million investment in energyRe, a developer of renewable energy projects
ArcLight Capital Partners on the establishment of infrastructure and energy portfolio manager AlphaGen
Arclight Capital Partners in its $364 million acquisition from Duke Energy (NYSE: DUK) of its commercial distributed generation business
Kodiak Gas Services, Inc. (NYSE: KGS) in its $256 million initial public offering
CleanCapital in its up to $500 million additional capital commitment from Manulife Investment Management
ArcLight Capital Partners on its investment in Elevate Renewable Energy, a newly formed clean energy transition platform focused on the development and installation of utility scale, battery energy storage resources co-located with ArcLight’s existing portfolio of power infrastructure projects
Renaissance Learning, an affiliate of Francisco Partners and Blackstone, on its acquisition of GL Education, a provider of formative assessments for schools and school groups in over 100 countries worldwide
Transmission Developers Inc., a leading developer of clean energy transmission projects, in its development of the $6 billion Champlain Hudson Power Express, a 339-mile long 1,250 MW high voltage direct current power line project, and associated equity holder arrangements
ArcLight Capital Partners in its investment in OnPoint Energy, a retail electric provider focused on residential, commercial and industrial retail electricity solutions
CleanCapital in its acquisition of BQ Energy, a national leader in landfill and brownfield renewable energy development with a long-term project pipeline that includes late-stage development solar projects totaling over 300 MW and mid-stage development solar projects totaling more than 700 MW
Blackstone Energy Partners in the sale of its 1108 MW Lonestar II Generation Holdings portfolio in ERCOT to a subsidiary of Atlas Holdings
TPG Rise Climate in its $750 million growth equity investment in Intersect Power, LLC, a provider of scalable low-carbon solutions for retail and wholesale energy markets
TPG Rise Climate in its $300 million investment in Summit Carbon Solutions, a developer of a large-scale carbon capture and storage project, which will capture and permanently store up to 20 million tons per year of CO2 from facilities across the Midwestern United States
TPG Rise Climate in its investment in UBQ Materials Ltd., an Israeli-headquartered company that converts household and municipal waste to sustainable bio-based thermoplastic
BroadVail Capital Partners, a leading private equity firm focused on the real estate sector, in connection with numerous investments and associated equityholder arrangements
Francisco Partners in connection with a strategic new equity investment by Blackstone into Renaissance Learning, a leading global pre-K–12 educational technology platform
NMI in its acquisition of IRIS CRM, a merchant services CRM and comprehensive merchant management platform
HGGC in connection with the sale of PCF Insurance Services at a valuation of $2.2 billion as part of a management and partner-led buyout
Vista Equity Partners and Acquia Inc. in the acquisition of Widen, a cloud-native digital asset management and product information management technologies company
Francisco Partners in connection with a strategic new equity investment by Insight Partners into NMI, a leading global full commerce enablement technology company
Third Coast Midstream, LLC, an affiliate of ArcLight Capital Partners, LLC, in its sale of an approximately 50% interest in Lighthouse Super Holdings, LLC, owner of offshore-focused midstream assets and a 50% interest in a new floating production system to be deployed in the Gulf of Mexico, to an affiliate of a global infrastructure investment vehicle
CleanCapital in its $300 million equity raise for a new solar and storage platform, associated equityholder arrangements, and acquisition of two C&I solar portfolios from affiliates of BlackRock and IGS Energy, respectively
TexGen Power, an IPP owning and operating a 2200 MW portfolio of CGGT power generation facilities in ERCOT, in its equityholder arrangements
Frontera Generation Holdings LLC and five of its affiliates in their prearranged chapter 11 cases filed in the United States Bankruptcy Court for the Southern District of Texas. Frontera owns and operates the only U.S.-based power plant that sells all of its 526 MW/year power production to the Mexican wholesale market
LyondellBasell on definitive agreements with Sasol to form a 50/50 polyethylene joint venture through which LyondellBasell acquired 50 percent of select assets in Louisiana for a total consideration of $2 billion
ECR Corporate Holdings L.P. and its affiliates in connection with the Chapter 11 proceeding of California Resources Corp. (NYSE: CRC) and subsequent consolidation of CRC and ECR’s ownership in the Elk Hills power plant and cryogenic gas plant
McDermott International, Inc. in its $2.725 billion sale of Lummus Technology to The Chatterjee Group and Rhône Group, through a court-supervised auction process as part of McDermott’s prepackaged Chapter 11 restructuring
McDermott International, Inc. and 225 of its subsidiaries and affiliates, including 107 foreign domiciled entities, in their prepackaged Chapter 11 cases in the U.S. Bankruptcy Court of the Southern District of Texas. McDermott is a premier, global upstream and downstream engineering, procurement, construction, and installation company and employs over 42,000 individuals across 54 countries and six continents. McDermott’s prepackaged Chapter 11 cases were confirmed in less than 60 days and contemplated a transaction that re-equitized the company, deleveraged over $4 billion of funded debt, preserved an unprecedented $2.4 billion in prepetition letters of credit and left trade claims unimpaired. McDermott emerged from Chapter 11 only five months after the petition date
Golden Gate Capital and Hillstone Environmental Partners, LLC in the $600 million sale of Hillstone to NGL Energy Partners LP
Kodiak Gas Services, a portfolio company of EQT Infrastructure, in its acquisition of Pegasus Optimization Managers from affiliates of Apollo Natural Resource Partners
Desert Royalty Company, LLC in its combination with Kimmeridge Energy Management Company, LLC to form Desert Peak Minerals, the largest pure-play mineral and royalty company in the Delaware Basin
Macquarie Infrastructure Partners III in the sale of a 10% and 5% indirect interest in Lordstown Energy to subsidiaries of Sumitomo Corporation and Development Bank of Japan, respectively
Magnetar Capital and The Carlyle Group in a $625 million preferred equity investment round in Altus Midstream, a Permian-to-Gulf midstream company affiliated with Apache Corporation
Kodiak Gas Services, LLC and The Stephens Group, LLC in the sale of Kodiak to EQT Infrastructure
A subsidiary of EPIC Midstream Holdings, LP, a company managed by affiliates of Ares Management LLC, in its acquisition of the Robstown NGL fractionation facility and associated pipeline near Corpus Christi, Texas, from Southcross Holdings Borrower LP
A PE-backed water infrastructure company in its acquisition of a wastewater disposal company and related saltwater disposal wells
Development Capital Resources, LLC, an Ares Management, L.P. (Ares) portfolio company, in its $750 million investment for common and preferred equity in a joint venture with California Resources Corporation (CRC) to operate midstream infrastructure assets and related purchase by Ares in a private placement of $50 million of CRC common stock
EIG Global Energy Partners on a $500 million investment into USA Compression Partners, LP (NYSE: USAC), in which certain investment funds managed or sub-advised by EIG and other investment vehicles unaffiliated with EIG agreed to purchase an aggregate amount of $500 million of newly established Series A Perpetual Preferred Units and received warrants to purchase up to 15,000,000 Common Units of USA Compression
GenOn Energy, Inc. and certain of its affiliates in connection with their prearranged Chapter 11 cases filed in the United States Bankruptcy Court for the Southern District of Texas. GenOn is a wholesale power generation company headquartered in Princeton, New Jersey, with a focus on operations in the Mid-Atlantic region of the United States—primarily operating in Pennsylvania and Maryland—and in California. Through the Chapter 11 cases, GenOn will restructure approximately $2.5 billion in funded indebtedness
IOG Resources, LLC in the formation of a drilling partnership arrangement with a private oil and gas operator to develop up to 10 wells in the STACK play in Oklahoma
Seadrill Limited and certain of its direct and indirect subsidiaries in their multi-jurisdictional restructuring of approximately $20 billion of contract and debt obligations. Seadrill is a leading global provider of offshore contract drilling services and employs nearly 4,000 individuals across 22 countries and five continents. Seadrill's pre-arranged Chapter 11 cases, one of the largest filings in 2017 based on asset size, resulted in the re-profiling of approximately $6 billion of secured debt, eliminated approximately $3.5 billion of unsecured bond and contractual obligations, and facilitated a capital investment of more than $1 billion. In the months preceding Chapter 11, Seadrill also consummated a series of ring-fencing transactions that successfully prevented its non-consolidated businesses from also having to commence Chapter 11 cases. Seadrill and its debtor subsidiaries confirmed their Chapter 11 plan with near universal consensus in approximately 7 months and emerged from Chapter 11 in less than 10 months
A large global investment fund in its $80 million acquisition of a mineral and royalty interest portfolio located in the Permian Basin
Samson Resources Corporation in its Chapter 11 restructuring in the United States Bankruptcy Court for the District of Delaware. Samson, a leading onshore oil and gas exploration and production company with headquarters in Tulsa, Oklahoma, held oil and gas assets primarily located in Colorado, Louisiana, North Dakota, Oklahoma, Texas and Wyoming. In Chapter 11, Samson successfully executed on six simultaneous asset sales during its restructuring, with an aggregate purchase price of $650 million, and negotiated a global settlement with its major stakeholders, resolving all open issues in its bankruptcy. Samson’s plan of reorganization deleveraged its balance sheet by approximately $4 billion and positioned Samson for future success after emergence
Blackstone Energy Partners and Sanchez Energy Corporation in their 50/50 partnership, definitive purchase agreement and related financing to acquire Anadarko Petroleum Corporation’s working interest in approximately 318,000 gross operated acres in the Western Eagle Ford for approximately $2.3 billion
A PE-backed company in its divestiture of a significant mineral and royalty interest portfolio located in Wetzel County, West Virginia
Sithe Global Power, an affiliate of The Blackstone Group, in its $1.2 billion sale of interests in two coal-fired power plants in The Philippines to Aboitiz Power Corp.
Sithe Global Power, an affiliate of The Blackstone Group, in connection with the sale of its interest in the Bujagali hydropower project in Uganda
KKR in its partnership with Venado Oil and Gas, LLC to consolidate proven assets in the Eagle Ford Shale of South Texas
F.L. Roberts & Co., the largest independent petroleum marketer in Western Massachusetts, in numerous transactions, including the sale of its retail gas station and car wash business, consisting of 27 gas station and convenience stores, 21 car washes and two truck stops, to Nouria Energy, and the sale of its Jiffy Lube business to Atlantic Coast Enterprises*
Chevron U.S.A. Inc. in its sale to Island Energy Services, LLC, a wholly owned subsidiary of One Rock Capital Partners, LP, of all of Chevron's refining, distribution, and retail assets located in Hawaii, including the 58,000 barrel-per-day refinery in Kapolei, interests in a network of 58 retail service stations, four product distribution terminals on Oahu, Maui, Kauai, and Hawaii Island, pipeline distribution systems, and other related downstream assets statewide*
Swift Energy in its sale of a 75% share of its holdings in South Bearhead Creek Field and Burr Ferry Field areas in Louisiana to Texegy LLC for nearly $48.8 million, including the negotiation of a joint development agreement and joint operating agreement for the operation and development of such areas post-closing*
MPLX LP, a midstream MLP, and Marathon Petroleum Corp. in the acquisition of MarkWest Energy Partners, L.P. for a total transaction value of approximately $20 billion*
Targa Resources Partners LP, a midstream MLP, in the formation of two joint ventures with a subsidiary of Sanchez Energy Corporation to construct a natural gas processing plant and associated high pressure gathering pipelines with an estimated cost of $240 million*
Oklahoma Gas and Electric Company in connection with the request for proposals relating to, and negotiation and documentation of, a lump-sum, fixed price Design, Engineering, and Supply Contract, including all technical field services required thereby, of seven (7) simple cycle gas turbine generators, having an aggregate generating capacity of approximately 420 MW, to be installed at its Mustang Plant located in Oklahoma City, Oklahoma, which is part of its continued environmental retrofit program to comply with the U.S. Environmental Protection Agency's Regional Haze Rules*
Oklahoma Gas and Electric Company in connection with the negotiation of an EPC contract for the complete balance of plant necessary for the supply, installation, interconnection, testing, commissioning, operation, maintenance and repair of circulating, dry flue gas desulphurization systems at two approximately 569 gross MW sub-critical coal-fired steam electric generation facilities located in Noble County, Oklahoma*
American Energy Partners in connection with the formation of a $4 billion joint venture with Energy Transfer Partners, LP to construct and operate a 3.25 Bcf/day interstate pipeline to transport natural gas from the Marcellus and Utica Shale areas to hubs serving the Midwest, Gulf Coast, Canadian, and U.S. Northeast markets, and related transportation services agreements*
Oklahoma Gas and Electric Company in connection with the negotiation of a design, engineering and supply contract to add circulating, dry flue gas desulphurization systems at two approximately 569 gross MW sub-critical coal-fired steam electric generation facilities located in Noble County, Oklahoma, which is part of its environmental retrofit program to comply with the U.S. Environmental Protection Agency’s Regional Haze Rules*
American Energy – Midstream, LLC, in connection with the formation of a $500 million joint venture with Regency Energy Partners LP to construct and operate a 52-mile, 36-inch gas gathering pipeline in the Utica shale with a capacity of 2.1 Bcf/day*
Saka Energi Fasken LLC, a subsidiary of PT Saka Energi Indonesia, an Indonesian state-owned upstream oil and gas entity, in the $175 million acquisition of a 36 percent working interest in the Eagle Ford and Olmos shale formation rights to approximately 8,300 acres in Webb County, Texas*
GlidePath Power in the design and implementation of a series of ISDA documented battery storage swaps*
*Matters prior to joining Kirkland
Prior Experience
Jones Day, 2013–2016
More
Thought Leadership
Seminars
Key Fiduciary Duty Issues in Specific M&A Scenarios, Mergers & Acquisitions / Acquisitions & Disposals Conference, Institute For Energy Law, Houston, Texas
Recognition
The Legal 500 United States, Renewable/Alternative Power, 2024
The Legal 500 United States, Energy Transactions: Electric Power, 2023–2024
Lawdragon, 500 Leaders in Energy, 2023–2024
Super Lawyers, Texas Rising Stars, Mergers & Acquisitions, 2023
Memberships & Affiliations
American Bar Association
Association of International Petroleum Negotiators
Houston Bar Association - Oil, Gas & Mineral Law Section
State Bar of Texas
Credentials
Admissions & Qualifications
- Texas
Languages
- French
Education
- South Texas College of Law HoustonJ.D.summa cum laude
Valedictorian
Assistant Articles Editor, Law Review
- University of Texas at AustinB.B.A., Finance & Accountingwith Highest Honors
First in Class
Financial Analyst Program, REIT Fund