Milbank LLP advised global private markets investment manager Partners Group in the sale to Shell of its ownership stake in Silicon Ranch Corporation, a leading developer, owner and operator of solar energy facilities services in the United States, on behalf of its clients.
Partners Group invested in Silicon Ranch in April 2016. Since its investment, the operating portfolio of Silicon Ranch’s commercial and utility scale solar projects has quadrupled and today the company is one of the fastest-growing independent solar producers in the United States. Partners Group will continue to support Silicon Ranch through a newly issued junior debt financing simultaneous with the closing of the sale.
The Milbank team was led by Corporate partner John Franchini along with associates Broderick Henry and Daniel Tyrrell; and Project, Energy & Infrastructure Finance partner Timothy Wendling and of counsel Michael Dayen.
“We are delighted to have worked with Partners Group on its investment into Silicon Ranch and pleased to have seen Silicon Ranch’s tremendous growth since Partners Group’s original investment,” said Mr. Franchini. “We are looking forward to seeing Silicon Ranch’s continued success as a key player in solar power production.”
