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Client Success
|June 1, 2023
|1 Min Read
Axium Infrastructure Completes Acquisition of WETT Holdings LLC
Winston represented Axium Infrastructure, an independent North American infrastructure portfolio management firm, in connection with its acquisition, and financing of the acquisition, of 100% of the membership interests in WETT Holdings LLC, which owns 100% of the membership interests in Wind Energy Transmission Texas, LLC (WETT), from PSP Investments and Brookfield Infrastructure Partners. The assets represent Axium’s second operating transmission investment in North America, as well as its first in the state of Texas. The enterprise value of the transaction is US$1.35B.
Client Alert
|March 16, 2023
|7 Min Read
Two years ago, winter storm Uri raged across the southern United States, devastating the energy grid in Texas. In the aftermath, several energy companies filed for bankruptcy. A recent Fifth Circuit opinion from one case highlights a tension that can arise when bankruptcy courts confront complex issues of state law as part of a restructuring—especially in the context of chapter 15 proceedings, which allow a company pursuing insolvency proceedings in a foreign jurisdiction to file bankruptcy in the United States as well.[1]
Article
|January 12, 2022
|4 Min Read
This article was originally published in Texas Lawyer. Any opinions in this article are not those of Winston & Strawn or its clients. The opinions in this article are the authors’ opinions only.