Pankaj K. Sinha leads the firm’s Mergers and Acquisitions Group in the Washington, D.C. office. He concentrates in the areas of mergers and acquisitions, corporate finance, and general corporate and securities matters.

Bio

Pankaj K. Sinha is the practice leader of the firm’s Mergers and Acquisitions Group in the Washington, D.C. office. He concentrates in the areas of mergers and acquisitions, corporate finance, and general corporate and securities matters. Mr. Sinha has represented purchasers, sellers and their financial advisors in a wide variety of transactions, including public and private acquisitions and divestitures, negotiated and contested public acquisitions, auctions, going-private transactions, proxy fights, initial public offerings and other financings, and joint ventures and other strategic alliances.

He has advised clients in several cross-border transactions. Furthermore, he has experience in M&A transactions involving infrastructure assets. The numerous mergers, acquisitions, financings and other corporate transactions in which Mr. Sinha has participated and counseled clients include the representation of:

  • The AES Corporation and Alberta Investment Management Corporation (AIMCo) in their acquisition of sPower (1,200MW of utility scale solar) from Fir Tree Partners and its minority owners, for $853 million in cash, plus the assumption of $724 million in nonrecourse debt;
  • Duke Energy on two transactions totaling $2.4 billion: the $1.2 billion sale of its power holdings in Brazil to China Three Gorges Corporation and the $1.2 billion sale of its power holdings in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital Advisors;
  • Entergy Corp. in connection with its announced sale of the James A. FitzPatrick Nuclear Power Plant in upstate New York to Exelon Generation, a subsidiary of Exelon Corporation;
  • Dentsply International Inc. in its $13 billion merger-of-equals with Sirona Dental Systems, Inc.;
  • British Columbia Investment Management as part of an investor group, which includes Macquarie Infrastructure and Real Assets and John Hancock Financial, in the consortium’s $4.7 billion acquisition of Cleco Corporation;
  • Argo Infrastructure in its purchase of Cross Sound Cable from Brookfield Infrastructure;
  • Entergy Corporation in the $6 billion divestiture via a tax-free spin-off and subsequent merger of its electric transmission business into ITC Holdings Corp.;
  • The AES Corporation in its $3.5 billion agreement to acquire DPL Inc., a regional electric and utility company;
  • Allegheny Energy, Inc. in the sale of its Armenia Mountain wind energy facilities to Allete Clean Energy;
  • DUET Group (Australia) in its agreement to sell a 29 percent indirect ownership interest in Pittsburgh-based DQE Holdings LLC (Duquesne Light Company) to the Government of Singapore Investment Corporation (GIC);
  • British Columbia Investment Management Corporation in its agreement to acquire a 33 percent interest in Connecticut-based Aquarion Water Company;
  • The AES Corporation in its $3.5 billion agreement to acquire DPL Inc., a regional electric and utility company;
  • Canada-based Corix Group in its acquisition of a large portfolio of a U.S.-based water utilities under a holding company called Utilities Inc.; 
  • Société Générale in its acquisition of certain North American power and natural gas trading assets of Sempra Energy Trading, LLC, a joint venture owned by Royal Bank of Scotland and Sempra Energy;
  • The AES Corporation in its agreement with the China Investment Corporation (a sovereign wealth fund) pursuant to which CIC acquired a 15 percent equity interest in AES for $1.6 billion;
  • Mars, Incorporated in connection with various corporate matters;
  • Duke Energy Corporation in its 50/50 joint venture to develop solar energy projects with ENN Solar, a Chinese company;
  • DENTSPLY International Inc. in connection with various corporate matters;
  • Entergy Corporation in the proposed spin-off of its non-utility nuclear business that will own approximately 5,000 MW of nuclear power generation in the U.S. (Enexus), as well as the creation of an operational joint venture (transaction was terminated);
  • The AES Corporation in its $155 million acquisition of Mountain View Power Partners, LLC, a wind-generated facility located near Palm Springs, Calif., and its investment in the largest wind power generator in Brazil;
  • Duke Energy Corporation in its sale of a 49 percent interest in Crescent Resources to Morgan Stanley Real Estate Fund V and affiliated entities, as well as in the creation of a joint venture (the enterprise value of Crescent was $2.1 billion);
  • Macquarie Securities and affiliated entities in their purchase of Aquarion Company from Kelda plc for an enterprise value of $860 million (Aquarion is a water utility with assets in Connecticut, New York, New Hampshire and Massachusetts);
  • National Grid USA in its $2.9 billion divesture of Ravenswood Generating Station to TransCanada Corporation. Ravenswood Generating Station is a 2,450 MW natural gas and fuel-oil-fired facility that supplies 20 percent of the power used by New York City;
  • Helmerich & Payne, Inc., a NYSE-listed international drilling contractor, in its acquisition of TerraVici Drilling Solutions, L.P.;
  • Refco Inc. in the sale of various assets in bankruptcy;
  • Mylan Laboratories Inc. in its acquisition of a majority interest in Matrix Laboratories Limited, a publicly traded Indian company;
  • The AES Corporation in its $3 billion acquisition of IPALCO Enterprises, Inc. and its $1.4 billion sale of CILCORP Inc. to Ameren Corporation;
  • PPL Global in its joint ventures with Mirant Corporation to acquire two multibillion-dollar U.K. companies: Hyder plc and Western Power Distribution Limited; and in its divestiture of Companhia Energetica do Maranhao S.A., a Brazilian utility company;
  • the majority shareholders of MOVA Pharmaceutical Corporation in their $400 million sale to Patheon Inc., a Canadian company;
  • TechSpan Inc. in a stock-for-stock merger with Headstrong Corporation;
  • Blockbuster Entertainment Corporation in its merger with Viacom Inc.;
  • Norfolk Southern Corporation in its consent solicitation in its unsolicited offer to acquire Consolidated Rail Corporation (Conrail);
  • Hoechst AG in its $7 billion cash acquisition of Marion Merrell Dow;
  • USEC Inc. in a $2 billion initial public offering, the largest privatization in the United States since the 1980s, a $500 million bond offering and its acquisition of NAC International, Inc.;
  • PPL Corporation in its acquisition of Penn Fuel Gas, Inc., numerous acquisitions of energy services companies and its successful defense against an unsolicited takeover attempt by PECO Energy Company; and
  • the independent committee of the board of directors of Crown Central Petroleum Corporation in a merger with Rosemore Inc. and a related proxy fight.

Mr. Sinha’s pro bono representations include a group of teachers establishing a Washington, D.C. charter school, and The Wellness Community (TWC), a nonprofit organization dedicated to providing support and education to those affected by cancer. In 2009, Mr. Sinha advised TWC in its unique combination with Gilda’s Club, which was founded by Gilda Radner.

Mr. Sinha repeatedly has been selected for inclusion in Chambers Global: The World’s Leading Lawyers for Business, Chambers USA: America’s Leading Lawyers for Business, Lawdragon 500 Leading Lawyers in America and The Legal 500 U.S. Mr. Sinha also was named among the 2013 D.C. Dealmakers of the Year by The National Law Journal and has been named a Client Service All-Star MVP by The BTI Consulting Group for repeatedly being selected in its annual Client Service All-Stars reports.

Credentials

Education

  • J.D., Georgetown University Law Center, 1990
  • M.B.A., Georgetown University, 1990
  • A.B., Columbia College, Columbia University, 1986

Admissions

  • District of Columbia

Pankaj K. Sinha