Debevoise & Plimpton LLP is advising Access Industries in its investment in the $5.6 billion acquisition of the equity of Calpine, America’s largest generator of electricity from natural gas and geothermal resources. The transaction, which is led by Energy Capital Partners along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board, has a total value of approximately $17 billion, including assumed indebtedness.

Access Industries is a privately held, U.S.-based industrial group with global strategic investments. Its industrial focus spans four key sectors: natural resources and chemicals; media and telecommunications; real estate and hospitality; and venture capital.

The Debevoise team is led by partner Jeffrey J. Rosen and includes partners David A. Brittenham, Sarah A.W. Fitts and Kevin M. Schmidt and associates Christopher Anthony, Stephen J. Kozey and Jonathan Raz.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.