Top 10 Legal Advisors in Power & Utilities Industry in the World in 2022 by Deal Value

Latham & Watkins LLP, Simpson Thacher & Bartlett LLP, White & Case LLP, Cravath, Swaine & Moore LL, and Freshfields Bruckhaus Deringer LLP are among the top 5 legal advisors in the power & utility industry in 2022 by deal value. The Total Energies-Adani deal was a major deal in the Power & Utilities sector in 2022. Latham & Watkins LLP served as legal advisor to Total Energies. Total Energies SE, a France-based power generation company, has agreed to acquire a 25% stake in Adani New Industries Ltd (ANIL), a green hydrogen company from Adani Enterprises Ltd., an integrated infrastructure company, for a purchase consideration of $12,500 million. Blackstone-Emerson Climate Technologies was another major deal in the Power & Utilities sector in 2022. Davis Polk & Wardwell LLP is serving as legal counsel to Emerson, while Simpson Thacher & Bartlett LLP is acting as legal counsel to Blackstone. Blackstone Inc., an alternative asset manager, has entered a definitive agreement with Emerson Electric Co., a technology and software company providing innovative solutions for the world’s most essential industries, to acquire a majority stake in Emerson Climate Technologies Inc., a company that manufactures heating, ventilation, air conditioning, and refrigeration products for residential, in a transaction valuing Climate Technologies at $14,000 million. All entities involved in the transaction are based in the US. The Macquarie Asset Management-National Grid was one of the major deals in the Power & Utilities sector in 2022. CMS Legal Services EEIG, White & Case LLP, and Clifford Chance LLP served as legal advisors to Macquarie Asset Management, while Latham & Watkins LLP served for British Columbia Investment Management. Macquarie Asset Management Holding Pty Ltd, an Australia-based financial services company that provides specialist investment solutions to clients and British Columbia Investment Management Corp, a Canada-based company that offers asset management and investment services through their consortium have completed the acquisition of a 60% stake in National Grid Gas plc (NGG), a company that owns and operates the 7,660-kilometre gas transmission system in the UK from National Grid Plc, an electricity and gas utility company, for a purchase consideration of $5,534.38 million. The deal was completed in Q1 2023.