Kirkland Advises Special Committee of Greenbacker Renewable Energy Company LLC Board on Completion of Management Internalization
Kirkland & Ellis advised a Special Committee of Greenbacker Renewable Energy Company LLC (GREC)’s Board of Directors on GREC’s acquisition of the management function currently being performed by Greenbacker Capital Management, LLC (GCM), an SEC registered investment adviser, and certain affiliated companies into GREC’s wholly owned subsidiary, Greenbacker Renewable Energy Corporation (Greenbacker). As a result of the acquisition, Greenbacker will operate as a fully integrated and internally managed company with its own internal executive management team and other employees to manage its business and operations. The acquisition was unanimously approved by the Special Committee and by GREC’s full Board of Directors upon the recommendation of the Special Committee.
The Kirkland team was led by corporate partners Cyril Jones and David Feirstein, capital markets partner Christian Nagler, executive compensation partner Jared Whalen and tax partner Mark Dundon, and also included corporate associates Christian Mahre and Tommy Kagerer.
