Brookfield Renewable Partners’ Acquisition of TerraForm Power

On March 16, 2020, Brookfield Renewable Partners L.P. (“Brookfield Renewable”) and TerraForm Power, Inc. announced that they have entered into a definitive merger agreement for Brookfield Renewable to acquire all of the outstanding shares of Class A common stock of TerraForm Power, other than the approximately 62% currently owned by Brookfield Renewable and its affiliates. Cravath is representing Brookfield in connection with the transaction.

This news follows the proposal from Brookfield Renewable to acquire TerraForm Power, which was announced on January 13, 2020. The news item on the proposal is available here.

The Cravath team is led by partner Richard Hall and includes associates Steven Y. Li, Valerie Sapozhnikova, Hyun Soo Suh, Nicolas B. Thomson and Joseph A. Marshall on M&A matters; partner Andrew W. Needham and associates Richard Bohm and Joyce Y. Kim on tax matters; and partner Jonathan J. Katz and associate Daniel P. Herrmann on executive compensation and benefits matters. Brendan J. Rivard also worked on executive compensation and benefits matters.