"She is extremely sharp."Chambers
Elena Rubinov represents clients on M&A and private equity transactions, with a particular focus on energy, renewables and infrastructure sectors. She advises public and private companies, including private equity and infrastructure funds, on corporate and business combination transactions such as mergers, acquisitions, divestitures, investments, co-investments, joint ventures, recapitalizations, restructurings, and bankruptcy sales. She counsels clients in a variety of industries, including energy, infrastructure, power and utilities, insurance, media and entertainment, chemicals, financial services, and retail. She also advises clients on debt and corporate restructurings in connection with equity recapitalizations, rights offerings, and 363 sales and acquisitions.
Clients turn to Elena for advice because they value her extensive deal and industry experience and commercial approach to transactions.
Clients served by Elena include Brookfield, CDPQ, KKR, Duke Energy and ENGIE, among others.
- Caisse de Dépôt et Placement du Québec in a $1.5 billion multifaceted transaction in which an investment vehicle composed of CDPQ, Invenergy, and funds managed by private equity firm Blackstone Infrastructure Partners acquired from American Electric Power a 1,365-megawatt renewables portfolio comprised of 14 projects representing 1,200 MW of wind and 165 MW of solar in 11 states.
- ENGIE in the acquisition of Broad Reach Power LLC, a company specialized in battery storage, from private equity funds EnCap Energy Transition and Apollo Infrastructure, for a total equity value in excess of $1 billion. The transaction involves 350 MW of grid-scale operating assets as well as 880 MW under construction and 1.7 GW of advanced stage development projects and a significant pipeline of early stage projects.
- Engie Brasil Energia in the agreement to buy five operating photovoltaic power stations in Brazil from Atlas Renewable Energy, a company owned by investment fund Global Infrastructure Partners (GIP). The deal for the solar farms totaling an installed capacity of 545 megawatts (MWac) was valued at about 3.24 billion reais ($646.04 million), including Atlas' net debt of 971 million reais.
- Global Atlantic Financial Group, an affiliate of KKR & Co., Inc., in the sale of 100 percent of the cash equity interests in a 1.171 MW operating solar portfolio, through its affiliates, to Onward Energy, Inc., a US-based energy company. The solar portfolio includes a total of 11 projects located across eight different US states.
- Duke Energy in the sale of its commercial distributed generation business to an affiliate of ArcLight Capital Partners, LLC, a leading middle market infrastructure investor, for an enterprise value of $364 million, inclusive of non-controlling tax equity interests.
- Brookfield Infrastructure in the $4.1 billion sale of its wholly owned North America district energy business, Enwave, through two separate transactions which were entered into simultaneously. Ontario Teachers' Pension Plan Board and IFM Investors acquired 100 percent of Enwave's Canadian business and QIC Limited and Ullico Inc. acquired 100 percent of Enwave's US business.
- KKR & Co. Inc. in its investment in an energy transition platform with Panamint Capital.
- KKR & Co. Inc. in its launch of Stellar Renewable Power, a platform that will source, develop and operate utility-scale solar plants and storage facilities.
- Global Atlantic Financial Group, an affiliate of KKR & Co. Inc., in the sale of its membership interests in Origis Energy USA, Inc., a major vertically integrated renewable energy platform in the United States, to private equity firm Antin Infrastructure Partners SA.
- Private equity firm DIF Capital Partners in the acquisition of a majority interest in and providing growth capital to Joink, LLC, a telecommunications infrastructure company that currently provides enterprise fiber, residential fiber, and fixed wireless services in Western Indiana and Eastern Illinois.
- Ember Infrastructure Partners in connection with a joint venture with ReEnergy Biomass Operations LLC to create an industry-leading bioenergy platform operating under the name ReGenerate Energy and the acquisition of an ownership interest in ReEnergy's two biomass power plants in Maine, ReEnergy Stratton and ReEnergy Livermore Falls.
- ReGenerate Energy Holdings, LLC, a joint venture recently formed between private equity firm Ember Infrastructure Partners and ReEnergy Biomass Operations LLC, in the acquisition of Albany Green Energy, LLC, a 50MW biomass heat-and-power facility located in Albany, Georgia, from Constellation Holdings, LLC, a subsidiary of Exelon Generation Company LLC.
- Argo Infrastructure Partners in the $150 million acquisition of Corning Natural Gas Holding Corporation, a provider of natural gas and electric service to customers in New York and Pennsylvania.
- Argo Infrastructure Partners in the approximately $514 million acquisition, by merger, of Macquarie Infrastructure Corporation's MIC Hawaii businesses, which comprise a combined regulated gas utility and unregulated distributor of propane and several smaller businesses, including controlling interests in two solar facilities.
- KKR & Co. Inc. and its affiliates, as a lender and an equityholder, in connection with the sale of U.S. solar and storage developer Clenera and development projects developed by a joint venture between Clenera and KKR known as Parasol Renewable Energy LLC to Enlight Renewable Energy LTD.
- Siemens Financial Services, Inc. in the sale of its preferred equity interest in Hummel Power Station, a 1,124 MW natural gas-fired CCGT facility located in northern Pennsylvania, to an affiliate of a fund managed by LS Power Equity Advisors, LLC, and related transactions involving the restructuring of the ownership of Hummel Power Station.
- Affiliate of Brookfield Asset Management in a strategic investment with Landmark Infrastructure Partners LP to form a joint venture to invest in core telecommunication, renewable power and other infrastructure assets.
- Great Plains Energy in its proposed cash-stock acquisition of, and its revised stock-for-stock merger of equals transaction with, Westar Energy, Inc., creating Evergy Inc., a company with a combined equity value of $15 billion.
- Hydro One Limited, a Canadian electric transmission and distribution utility, in its $5.3 billion proposed acquisition of Avista Corporation (terminated).
- Rockland Capital, LLC in its acquisition of two natural gas-fired facilities totaling 503 MW from Valley Road Holdings, a subsidiary of LS Power Development, LLC.
- Duke Energy Corporation in the $2.8 billion sale of its Midwest merchant generation business to a subsidiary of Dynegy Inc., which includes ownership interests in 11 power plants with a total capacity of approximately 6,100 MW, as well as Duke's competitive retail electric and gas business.
- Rockland Capital, LLC in the sale of Michigan Power, a natural gas-fired power plant in Ludington, Michigan to Osaka Gas USA.
- Rockland Capital, LLC in the acquisition of six peaking generating facilities with a combined generation capacity of 972.5 MW from AES Ohio Generation, LLC, a wholly owned subsidiary of DPL, Inc.
- Rockland Capital, LLC in the sale of three peaking generating facilities with a combined generation capacity of 1,100 MW to a fund managed by the Carlyle Group.
- Rockland Capital, LLC in the acquisition of a 352 MW generation facility known as Shelby County located in Illinois from an affiliate of NRG Energy, Inc.
- Rockland Capital, LLC in the acquisition of a 1,166 MW portfolio of three natural gas generating facilities from an affiliate of Ameren Corporation.
- Arroyo Energy Partners in the acquisition of Broad River Energy Center, an 870 MW dual-fuel, simple-cycle generation facility in Gaffney, SC from Energy Capital Partners.
- NRG Energy, Inc. in the acquisition of XOOM Energy Global Holdings, LLC, a retail energy provider, from BlueGreen Holding LLC.
- Caisse de dépôt et placement du Québec in the acquisition through a joint venture with GE Energy Financial Services of Southern Star Central Gas Pipeline, a 5,800 mile US natural gas pipeline, from Morgan Stanley Infrastructure.
- Global Infrastructure Partners in a joint venture with Hess Corporation through the acquisition of a 50% interest in Hess Infrastructure Partners, the owner of Hess' midstream crude oil and natural gas infrastructure assets in the Bakken Shale for the purchase price of $2.675 billion.
- School Specialty, Inc., a leading provider of educational products and services to the Pre-K-12th grade market in the U.S. and Canada, in its successful out-of-court restructuring of more than $300 million of debt and consensual sale of substantially all of its assets to an entity formed by TCW Asset Management Company, LLC, Cerberus Capital Management, and Lantern Capital Partners.
- Eastern Outfitters LLC in a chapter 11 bankruptcy sale of its business to SportsDirect.com Retail Ltd. for $105 million in debt takebacks and other consideration.
Hofstra University School of Law, JD, magna cum laude
Associate Editor, The Hofstra Law Review
Hofstra University, BBA, with highest honors
- New York
- Kupona Foundation Advisory Board member
- Band 3, Energy: Electricity (Transactional) by Chambers USA and Chambers Global.
- Ranked Next Generation Partner for Energy Transactions: Electric Power by Legal 500 US.
- Institutional Investor PLC by Euromoney.
- Ranked a Rising Star Partner for M&A by IFLR1000 Financial & Corporate Guide.
- Ranked a Rising Star for New York Metro Super Lawyers by Thomson Reuters.