Davis Polk Advises Noble on Its Divestiture of Noble Americas Energy Solutions to Calpine
10/10/2016

Davis Polk is advising Noble Group Limited on its $1.05 billion sale of its Noble Americas Energy Solutions subsidiary to Calpine Corporation. The transaction, which is expected to close in December 2016, is subject to approval by Noble shareholders, expiration of the Hart-Scott-Rodino waiting period and approval of the Davis Polk & Wardwell LLP Davis Polk & Wardwell LLP U.S. Federal Energy Regulatory Commission.

Noble Group manages a portfolio of global supply chains covering a range of industrial and energy products. Noble Americas Energy Solutions is a leading power marketer focused on offering supply and risk management services to commercial and industrial customers. Calpine is America’s largest generator of electricity from natural gas and geothermal resources.

The Davis Polk corporate team includes partner H. Oliver Smith and associates Darren M. Schweiger and Elyka A. Anvari. Partner Rachel D. Kleinberg and associates Aaron M. Lee and Samantha Jacoby are providing tax advice. Partner Jean M. McLoughlin, counsel Cynthia Akard and associate Florentino Salazar are providing executive compensation advice. Partner Pritesh P. Shah is providing intellectual property and technology advice. Members of the Davis Polk team are based in the New York and Northern California offices.