Kirkland & Ellis advised I Squared Capital, a leading global infrastructure investment manager, on its definitive agreement to acquire a majority equity interest in ENTEK Technology Holdings LLC, a leading global manufacturer of battery separators. I Squared’s $800 million investment complements a loan from the U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing program of up to $1.3 billion. The investment will fund construction of a gigafactory in Terre Haute, Indiana – the first and only facility of its kind in the U.S. producing wet-process lithium-ion battery separators, critical components for batteries powering electric vehicles, energy storage systems, defense equipment and digital infrastructure.
Read I Squared’s press release
The Kirkland team included corporate lawyers Kyle Watson, Colleen Haile, Sarah Walden and Alexa Grealis; debt finance lawyers Lucas Spivey, Osaro Aifuwa and Christina Godard; tax lawyers David Wheat and Rebecca Fine; and executive compensation lawyers Rob Fowler, Stephen Brecher and Matthew Mutino.