Kirkland Counsels GM on Investment in Queensland Pacific Metals
Kirkland & Ellis advised General Motors Co. (NYSE: GM) on its strategic investment in Australian listed Queensland Pacific Metals Limited. As part of the investment, GM is expected to invest up to $69 million in Queensland Pacific Metals to support in the development of its proposed Townsville Energy Chemicals Hub (TECH) Project in Queensland, Australia. The TECH Project is expected to begin construction in 2023 and GM has also executed a binding offtake agreement for the supply of nickel and cobalt from the Tech Project which will support GM’s EV production needs including its for Ultium battery cells.
The Kirkland team was led by corporate M&A partners Anthony Speier and Patrick Corrigan and associates Ryan Anderson and William Zakhary; technology & IP transactions partner Matthew Darch; and antitrust partner Carla Hine.
