A partner in the Tax Department, Jim Cole practices transactional tax law involving mergers, acquisitions, financings, restructurings and capital markets transactions, with a particular focus on structures designed to efficiently monetize tax credits and other tax attributes. Cole regularly advises strategic and financial sponsors, lenders and investment banks on transactions across the energy industry, including the upstream, midstream, downstream, oil field services and alternative energy sectors.
Cole’s representative matters have included:
Alternative Energy Financings
- Ara Partners in connection with the monetization of tax credits related to multiple portfolio companies
- Avangrid in the joint venture financing of a wind farm in South Dakota
- ConnectGen, a portfolio company of Quantum Energy Partners, in an equity investment in, and the tax equity financing of, three solar projects in various states
- Harvestone Low Carbon Partners in a first-of-its-kind carbon capture and sequestration tax equity financing with Bank of America, which IJGlobal recognized as the Value-Add Deal of the Year in North America
- Ørsted Onshore North America in the tax equity financing of a 460-MW combined solar and storage facility
- Power Sustainable and Potentia Renewables in an investment in Desert Quartzite Solar+Storage Project
- Terra-Gen in the tax equity financing and project financing for the second phase of its Edwards Sanborn Project, the largest single solar and battery energy storage project to reach this milestone to date
- Vanguard Renewables in connection with a portfolio tax equity financing of multiple renewable natural gas (RNG) projects
Restructuring
- Alta Mesa Resources in its completed chapter 11
- Arclight Capital Partners in the chapter 11 restructuring of Bruin E&P Partners
- Lonestar Resources US in its chapter 11 restructuring
- Sable Permian Resources in its chapter 11 restructuring
- Superior Energy Services in its chapter 11 restructuring
M&A
- Altus Power, the largest owner of commercial-scale solar in the US, in its $2.2 billion take private by TPG
- Consol Energy in its acquisition of the remaining public stake of Consol Coal Resources
- Consortium investor in the $1.0+ billion preferred equity financing for Blue Source Sustainable Forests Co. (BSFC) and BSFC’s acquisition of1.7 million acres of timberland
- H2B2 Electrolysis Technologies in its business combination with RMG Acquisition Corporation III
- MOD Pizza in its acquisition by Elite Restaurant Group
- NextDecade in the development and financing of the Rio Grande LNG project, the largest greenfield energy equity and debt project financing in US history
- Targa Resources Corp. in its $1.25 billion acquisition of Stakeholder Midstream
- Vencer Energy in its $2.15 billion sale of assets to Civitas Resources
