King & Spalding Advised Lotus Infrastructure Partners On The Sale Of Natural Gas Generation Facilities To Vistra Corp

King & Spalding advised Lotus Infrastructure Partners on the sale of natural gas generation facilities to Vistra Corp

King & Spalding advised Lotus Infrastructure Partners on the sale of seven modern natural gas generation facilities, totaling approximately 2,600 MW of capacity, to Vistra Corp.

Vistra acquired the assets for approximately $1.9 billion, or $743/kW, subject to certain net working capital adjustments. This strategic acquisition enhances Vistra’s industry-leading generation portfolio to better serve its customers.

The King & Spalding team was led by Jonathan Melmed (Partner, Corporate, New York), co-chair of the firm’s corporate practice and chair of its global infrastructure team, along with Adam Hankiss (Partner, Private Equity and Infrastructure, New York).

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