Orrick advised Charlottesville, Virginia-based Apex Clean Energy in the sale of a majority stake in the company to funds and other accounts managed by Ares Management Corporation (NYSE:ARES). The transaction will provide Apex with additional equity growth capital as it seeks to transition to a pure-play renewable energy independent power producer.
Further details are available in Apex and Ares’ press release.
The Orrick team advising Apex was led by David Ruff, King Milling and Paul Zarnowiecki and included, among others, John Narducci, Harry Clark, Jason Flaherty, Kayla Southworth, Rachel Rice, James Billard, Jennifer Clarke-Smith and Amy Ray. Orrick has advised Apex since 2010 on a wide range of renewable energy-related transactions and matters.