North America - United States • Finance

Milbank

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Milbank is well positioned to act on a host of domestic and international project financings, representing high-end banks, financial services providers, and financial sponsors on both early stage and operational assets. Infrastructure mandates form a substantial section of the firm’s workload, with impressive activity in the aviation and shipping sectors demonstrated over the past twelve months, but the team’s primary efforts focus on power and energy projects, where the group represent government lenders, debt and equity investors, and developers on both traditional and energy transition ventures. Exemplifying this in particular is practice head Daniel Bartfeld, whose expertise straddles oil and gas, digital infrastructure, transport and logistics, and renewables, which is similar to co-head Daniel Michalchuk who also frequently engaged on both energy and infrastructure mandates. The highly experienced William Bice is able to provide project finance, acquisition finance, M&A and development expertise and is therefore retained by clients throughout the entire project lifecycle, while Jeffrey Leider lends project finance and structured finance acumen to marquee lenders and sponsors, with notable activity in conventional power projects.  Sean O’Neill, who was promoted to partner in 2023, has been active on aviation-related financings and investments over the past year, whereas Kyle Smit has been engaged with natural-gas projects. All individuals are based in New York. Javad Asghari left the firm in April 2024.

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Key clients

  • Arclight Capital Partners LLC
  • Ares Management LP
  • Barclays
  • Blackstone
  • LS Power
  • SB Energy
  • MUFG Bank, Ltd.
  • Bank of America, N.A.,
  • Bank of China
  • Citibank, N.A.,
  • HSBC
  • ING Capital LLC
  • Intesa SanPaolo S.p.A.,
  • KDB Asia Limited
  • KfW IPEX-Bank GmbH
  • Natixis
  • Société Générale
  • Sumitomo Mitsui Banking Corporation
  • The Bank of Nova Scotia
  • Apollo Capital Management, L.P.
  • Global Infrastructure Partners
  • Blackrock
  • Macquarie
  • Cathcart Rail

Work highlights

  • Represented the lenders in providing financing to a consortium formed by Invenergy, Blackstone and CDPQ for the acquisition of a portfolio of operating renewables portfolio.
  • Represented Hartree Partners, L.P. in connection with acquisition of 100% membership interests in EIF-NEC, LLC, which indirectly owns Newark Energy Center, the approximately 735 MW combined cycle natural gas-fired power generation facility in Newark, New Jersey.

Lawyers

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Rising stars

Next Generation Partners

Practice head

The lawyer(s) leading their teams.

Dan Bartfeld, Daniel Michalchuk

Other key lawyers

William Bice, Jeffrey Leider, Kyle Smit, Sean O’Neill