Kirkland Advises TPG Rise Climate on Acquiring Olympus Terminals

Kirkland & Ellis counseled TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, on the signing of a definitive agreement to acquire Olympus Terminals, a leading independent storage provider for renewable fuels and refined products in Southern California, majority owned by an affiliated investment fund of Davidson Kempner Capital Management LP and an affiliated investment fund of Intrepid Investment Management, LLC.

The transaction will advance TPG Rise Climate’s efforts to reduce transportation-related greenhouse gas emissions by facilitating the import, storage, and distribution of renewable fuels in Southern California and accelerating California’s transition from conventional diesel to renewable diesel (RD).

Read TPG Rise Climate’s press release

The Kirkland team was led by corporate partners Kim Hicks and Allan Kirk; debt finance partners Lucas Spivey and Osaro Aifuwa; and tax partners Jared Rusman and Jacob Walley.