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Sidley Represents TerraForm Power, Inc. in its sale to Brookfield Asset Management Inc.

Sidley is representing TerraForm Power, Inc. (Nasdaq: TERP), an owner and operator of clean energy power plants, in its announced sale to Brookfield Asset Management Inc. (NSE: BAM) (TX: BAM.A). Under the terms of the deal, Brookfield will assume the role of TerraForm Power’s sponsor and become its controlling shareholder. Karen Dewis is leading the Sidley team, which includes lawyers from the Houston, Washington D.C., Boston, Chicago, London, Los Angeles and Wilmington offices and involves multiple practice groups, including M&A, Energy, IP, Global Finance, Corporate Governance and Executive Compensation, and Labor and Employment, among others. In addition to Robert Stephens, who has provided significant subject matter knowledge and project level leadership, the team includes Will Marlow, Daryl Rice, Terence Healey, Sarah Tucker, Eduardo Marquez Certucha, CJ Polito, Dan Allison, Sam Criswell, Alex Morgan, Jeff Kinney, John Brannan, Christian Pilhofer, Dan Angela, Alex Tanton, Daire Carr, and Natalie Chan, with key input from Ken Irvin, Jack Jacobs, Josh Hofheimer, Brian Gold and Ben Rosemergy. The deal generated significant media coverage, including an article in The Wall Street Journal due to the complexities associated with the Chapter 11 proceedings involving TerraForm Power’s current sponsor and controlling shareholder, SunEdison, Inc. and the evolution of the YieldCo model represented by the agreed sponsorship terms.