Cleary Gottlieb represented Veolia Environnement in its subsidiary Veolia Energy North America’s $788 million acquisition of all of Thermal North America, Inc.’s capital stock from a Sowood funds-affiliated entity. The acquisition is Veolia Energy’s largest in North America to date. The deal was signed in early June and is expected to close during the fourth quarter of 2007 or first quarter of 2008, pending regulatory approvals.
Long-time client Veolia Environnement is the world leader in environmental services. It provides tailored solutions worldwide to meet the water, waste and energy management, and freight and passenger transportation needs of municipal and industrial customers.
TNAI is the holding company of the Trigen Companies, which own and operate the largest portfolio of district heating and cooling networks in the U.S.