Just weeks after advising Dallas-based Energy Future Holdings Corp. in a deal in which it was to be acquired by Berkshire Hathaway Energy for $9.0 billion, Kirkland & Ellis is again representing EFH—except this time in a deal in which the company will be acquired for $9.45 billion by Sempra Energy. Sempra, based in San Diego, is using a team from White & Case.
On Aug. 20, Sempra announced that it will pay $9.45 billion in cash to acquire EFT, the indirect owner of 80 percent of Oncor Electric Delivery Co., which operates the largest electric transmission and distribution system in Texas. On Aug. 21, Berkshire Hathaway Energy, a Des Moines subsidiary of Warren Buffett’s Berkshire Hathaway, announced that EFH terminated its acquisition agreement, which had been announced July 7.
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