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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

  • work Practice Area

    Energy

Date & Time
  • event Date

    Tuesday, July 20, 2021

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$347.00
CLE
ALL

This CLE course will provide renewable energy counsel and advisers an in-depth analysis of key challenges for special purpose acquisition companies (SPACs) in renewable energy and green infrastructure. The panel will discuss the formation, tax considerations for structuring transactions, and key challenges for sponsors and investors.

Faculty

Sarah K. Morgan
Partner
Vinson & Elkins LLP

Ms. Morgan co-heads V&E’s Mergers & Acquisitions and Capital Markets practice group and is a member of the firm’s partnership admissions committee. She is an experienced securities lawyer who focuses on capital-raising transactions for clients in the energy industry and other sectors. Ms. Morgan represents public companies, private companies, investment banks, management teams and private equity in all forms of capital-raising transactions, including IPOs, registered offerings of debt and equity securities, private placements of debt and equity securities, preferred equity investments, at-the-market continuous offering programs (ATMs), tender offers, exchange offers and private debt exchanges. She advises clients, including public companies and their boards of directors, on securities disclosure, corporate governance and compliance matters and ESG matters.

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Mark Dundon
Partner
Kirkland & Ellis LLP

Mr. Dundon's practice focuses on the tax aspects of complex mergers, acquisitions, divestitures, joint ventures, restructurings and financing transactions, primarily in the energy industry. He has represented large and mid-cap private equity funds and their portfolio companies, as well as large public and private corporations.

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Description

The increase in SPACs targeting the renewable energy sector is part of a larger trend towards ESG-driven investing. Energy counsel, investors, and sponsors must navigate complex legal, tax, and business challenges associated with SPACs to take advantage of the opportunities they present.

A SPAC is a shell company with no operations listed on a stock exchange to acquire a private company without going through the traditional IPO process. A carefully structured SPAC can facilitate the growth and development of clean energy, but counsel must take various constraints and special considerations into account.

Listen as our panel discusses issues for SPAC formation, tax considerations for structuring transactions, and key challenges for sponsors and investors.

Outline

  1. Recent developments of SPACs in renewable energy
  2. Overview of SPACs and key features
  3. Structuring considerations and issues of concern for sponsors and investors
  4. Tax considerations
  5. Best practices for counsel, sponsors, and investors

Benefits

The panel will review these and other key issues:

  • Determining the structure of SPACs and other types of investment vehicles for renewables
  • How do the incentives created under SPACs differ for the sponsor and the investors?
  • What are the potential tax consequences to investors?