Hunton & Williams LLP advised Louisiana electric utility Cleco Corp.’s independent directors in its $4.7 billion sale to an investor group led by Macquarie Infrastructure and Real Assets and British Columbia Investment Management Corporation.
Jeff A. Jones and Steven M. Haas represented the independent directors of Cleco throughout the sale process. The merger agreement was signed in October 2014. The transaction closed on April 13, 2016, after finally securing approval from Louisiana regulators in late March. Prior to the closing, Cleco traded on the New York Stock Exchange.
Hunton & Williams regularly represents energy companies and investors in mergers, acquisitions and dispositions of utility companies and energy-related assets. The firm also advises boards of directors, committees and individual directors. These activities include traditional corporate M&A work, advising on corporate governance issues, and management of the unique environmental and regulatory issues involved in buying and selling regulated assets.