Slaughter and May and Simpson Thacher are advising on KKR’s £1.75 billion acquisition of U.K. power generation company ContourGlobal.
For KKR, the deal significantly expands the private equity giant’s stake in renewable energy.
Slaughters is advising listed company ContourGlobal on the cash acquisition, with partner and former head of M&A Roland Turnill, partner Christopher Boney and partner Richard Hilton heading the team.
The firm has been advising ContourGlobal since 2019, in line with their position as leaders in the U.K. stock market adviser ranking, with a total of 33 FTSE 100 clients in 2021.
The firm is working alongside the in-house legal team at ContourGlobal, led by general counsel Amanda Schreiber and her deputy, Paola Agrati.
Simpson Thacher, meanwhile, is advising KKR, according to a person with knowledge of the case, with Clare Gaskell and Jiaying Zhang leading on the M&A side and Sinead O’Shea leading on the financing side.
The deal marks the latest in a string of investments in British companies by U.S. private equity giants. Just last year, KKR bought British investment group John Laing for £2 billion. In 2021, rival private equity company Blackstone put in a £1.2 billion offer for U.K. property developers St Modwen.
