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Treasury and IRS release proposed guidance on production of clean hydrogen

Omar Samji — Fri, 29 Dec 2023 21:38:36 +0000

On December 22, 2023, the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) released the much anticipated proposed regulations regarding section 45V (clean hydrogen production tax credit) and section 48(a)(15) (clean hydrogen production facility energy credit) of the Internal Revenue Code (Code), as enacted by the Inflation Reduction Act of 2022 (IRA). […]

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Mapping the Regulatory Landscape for CCUS in Texas

Chris Bennett — Thu, 12 Oct 2023 00:39:09 +0000

In this article for The Texas Lawbook, Energy Private Equity partners Chris Bennett and Omar Samji and associate Sarah George discuss the opportunities and challenges in the evolving CCUS space and the impact of regulatory uncertainty on these projects. Key takeaways include: Read “Mapping the Regulatory Landscape for CCUS in Texas” here.

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The Rise of Private Credit & Its Impact on Acquisition Dynamics

Benton Lewis — Mon, 18 Sep 2023 13:47:20 +0000

Private credit is all the rage these days, grabbing headlines for its rapid growth as an asset class in what industry leaders have called a “golden moment” for the space. Commentators have rightly focused on the myriad advantages of direct lending solutions for borrowers under credit facilities, but the growing prominence of privately placed financings […]

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Keeping the IPO Door Open – What Every PE Portfolio Company Should be Doing Now to Maintain Optionality for an IPO in the Future

Alexander D. Lynch — Mon, 09 Jan 2023 21:13:40 +0000

In 2022, many portfolio companies delayed their IPOs and will look to either go public or be acquired in 2023 or 2024 as markets improve. While many sponsors will exit their investment through a sale to a strategic buyer or another PE firm, there may be periods in the next year or two in which […]

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Weil’s Q1 2021 Quarterly Private Equity Update: Trends in Minority Investments

Timothy Burns — Thu, 18 Mar 2021 21:07:00 +0000

Weil’s Global Private Equity Update provides updates on current topics and trends in global private equity. This issue summarizes trends in minority investments across jurisdictions. View Weil’s Q1 2021 Global PE Update.

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Competing Benchmarks in the Transition from LIBOR

Andrew J. Colao — Mon, 07 Jun 2021 14:19:00 +0000

While significant momentum has built over the last few years around the Secured Overnight Funding Rate (“SOFR”), we have seen other alternative interest rates gain traction in recent months, especially as the initial December 31, 2021 deadline draws nearer. In this post, we provide an overview of SOFR and compare it to some of the […]

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SPACS Come to the U.K.

Murray Cox — Mon, 03 May 2021 14:05:44 +0000

THE UNITED KINGDOM’S FINANCIAL REGULATOR, THE FINANCIAL CONDUCT AUTHORITY (FCA), RELEASED A CONSULTATION PAPER OUTLINING PROPOSED AMENDMENTS TO ITS LISTING RULES DESIGNED TO ENCOURAGE SPACS TO OBTAIN A STANDARD LISTING ON THE LONDON STOCK EXCHANGE’S MAIN MARKET. The amendments modify some aspects of the FCA’s Listing Rules that have made it practically impossible for SPACs […]

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U.K. National Security and Investment Bill

Ian Hamilton — Thu, 12 Nov 2020 20:20:18 +0000

ON 11 NOVEMBER 2020 THE UK GOVERNMENT PUBLISHED ITS NATIONAL SECURITY AND INVESTMENT BILL. IF THE BILL IS ENACTED AND COMES INTO FORCE IN SUBSTANTIALLY ITS CURRENT FORM (WHICH SEEMS VERY LIKELY), IT WILL PROVIDE THE GOVERNMENT WITH WIDE-RANGING POWERS TO INTERVENE IN TRANSACTIONS ON NATIONAL SECURITY GROUNDS AND, IN RELATION TO CERTAIN KEY SECTORS, […]

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Sun Capital Update: First Circuit Rules Affiliated Investment Funds Not Responsible for Portfolio Company’s Pension Liability, Reversing District Court

Sarah Downie — Mon, 25 Nov 2019 16:21:09 +0000

The most recent decision in the ongoing Sun Capital litigation provides some welcome relief for private equity sponsors invested in portfolio companies subject to pension withdrawal liability. On November 22, 2019, the U.S. Court of Appeals for the First Circuit reversed the 2016 decision of the Federal District Court of Massachusetts that held that two […]

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ILPA Private Equity Principles – The Third Installment

Andrew I. Chizzik — Fri, 26 Jul 2019 06:32:25 +0000

The Institutional Limited Partners Association (“ILPA”) recently released its third iteration of a set of Private Equity Principles (the “Current ILPA Principles”) for purposes of serving as a guideline for industry best practices in private equity investing from the perspective of sophisticated institutional limited partners. They are intended to expand upon ILPA’s two previously released […]

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