The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Feb 3 | Project Finance | Solar+BESS | Aypa Power (Blackstone portfolio company) | CIBC, Wells Fargo (lead structuring agents) | $1.50B | Multi-state | Closed | First-of-its-kind warehouse financing for a storage-focused IPP — funds Aypa projects expected to reach COD through 2028. CIBC and Wells Fargo as Lead Structuring Agents, Left Lead Arrangers, Coordinating Lead Arrangers, and Green Loan Coordinators. Latham & Watkins advised Aypa. |
Change of Control
3 movesSean Wheeler joined as Partner, Co-Chair Global M&A; Head of Houston Office at Paul Weiss (from Partner, Energy M&A, Kirkland & Ellis)
Wheeler's departure to launch Paul Weiss's Houston office was one of the biggest lateral moves in energy M&A law. He advised on Marathon Oil's $22.5B sale to ConocoPhillips and ONEOK's $18.8B acquisition of Magellan Midstream Partners.
Debbie Yee joined as Partner, Energy M&A at Paul Weiss (from Partner, Energy M&A, Kirkland & Ellis)
Yee joined Wheeler in launching Paul Weiss's Houston office. She advised TPG Rise Climate on its $2.2B acquisition of Altus Power and Blackstone Infrastructure on its pending $11.5B take-private of TXNM Energy.
Liz Coddington joined as Chief Financial Officer at Palmetto (from Chief Financial Officer, Peloton Interactive)
Coddington joins Palmetto (consumer solar, storage, HVAC platform) from Peloton, where she led global finance through a major transformation. Prior: VP Finance at Amazon Web Services. Palmetto closed a $420M solar asset securitization in October 2025; her hire signals readiness for further capital markets activity. Effective March 30, 2026.
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