Ropes & Gray Represents Elliott Management in its Equity Investment in CenterPoint Energy Inc.
Ropes & Gray represented Elliott Management in its equity investment in CenterPoint Energy Inc., part of a $1.4 billion investment of new equity capital announced on May 7. The press release is here.
Elliott Management Corporation is a multi-strategy fund manager with approximately $40 billion in assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. CenterPoint Energy is a Houston-based energy delivery company with regulated utility businesses in eight states and a competitive energy businesses footprint in more than 30 states.
The team that represented Elliott Management was led by special situations partner Jonathan Gill (New York), and included mergers & acquisition partner Michael Littenberg (New York), private equity partner Mike Roh (Boston) and tax partner Benjamin Rogers (San Francisco).