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Kaam Sahely

Kaam Sahely Partner, Energy Transactions & Projects

Kaam represents private equity and special situations funds, developers and other participants in complex energy, infrastructure and industrial investments and projects. He practices in the areas of project development and finance, mergers and acquisitions, complex structured transactions and joint ventures.

In particular, Kaam has deep experience in numerous facets of the energy and infrastructure sectors, including renewables, pipelines, LNG, refining, downstream and chemicals, power generation, mining and metals transactions and related infrastructure assets. Kaam has a leading renewables practice representing a number of the key investors in the U.S. and extensive experience developing large scale infrastructure projects and complex, structured commodities arrangements.

Kaam is co-head of the Energy Transactions and Projects practice group and serves on the firm’s Partnership Admissions Committee.

Experience Highlights

Special Situations and Private Equity

  • The Goldman Sachs Group, Inc. (and related parties) in a range of transactions including:

    • Special Situations Group in multiple investments (equity, debt and hybrid) in wind, solar, geothermal, energy storage and other alternative energy and industrial projects and companies, refined coal projects, oil and gas and other hydrocarbons and commodities matters 
    • Goldman Sachs Renewable Power Fund in debt and equity transactions with renewable energy companies
    • J. Aron & Company in structured commodity transactions and related matters
    • Goldman Sachs Infrastructure Partners in connection with energy infrastructure matters
  • TPG Sixth Street Partners in a range of transactions, including:

    • Multiple acquisitions of wind assets 
    • Multiple acquisitions of solar assets
    • Investments in midstream businesses 
    • Oil and gas investments
    • Debt and equity transactions with fast growing enterprises
  • TPG Capital and TPG Growth on a range of energy transactions, including TPG Growth on its acquisition of Discovery Midstream, a Dallas-based provider of oil and natural gas gathering and natural gas processing services in the southern portion of Colorado’s Denver-Julesburg Basin
  • Elliott Management Corporation on a range of energy, industrial, manufacturing and infrastructure industry matters
  • Wall Street Banks, traders and companies (refiners, other commodity producers) in connection with intermediation, repurchase, bridging and other structured arrangements

Clean Energy and Renewables

  • Goldman Sachs Renewable Power Fund in connection with its acquisition of a 142 MW portfolio of solar power generation assets from a subsidiary of Macquarie Infrastructure Corporation
  • Goldman Sachs Renewable Power Fund as project counsel to its $2 billion renewable energy fund, including in connection with its approximately $350 million acquisition from Marina Energy, a subsidiary of Southern Jersey Industries, of its solar portfolio comprised of 76 distributed solar energy projects with total capacity of 204 MW
  • Global Atlantic Financial Group in the $1.175 billion acquisition from Southern Power of a 33 percent minority interest in its solar portfolio (comprised of 26 operating solar facilities representing approximately 1.7 gigawatts of capacity)
  • A special situations fund in a nearly $1 billion back-levered acquisition (by way of a joint venture) of a portfolio of wind assets from a global conglomerate
  • A private equity firm in a joint investment with a major bank to purchase a $160 million tax equity position in a portfolio of wind farms
  • An investment banking and finance company, a multi-insurance company, and a private hedge fund sponsor in a $247.5 million senior secured term loan facility for the benefit of solar project business
  • An investment banking and brokerage firm in a secured term loan to a series of renewable energy projects
  • An investment banking firm in its investment in three wind projects, operational matters in connection therewith and the subsequent sale of the same
  • An investment banking firm on a series of tax equity investments in wind and solar

Infrastructure/Project Development and Finance

  • Gulf Coast Ammonia (a joint venture of Agrifos, Borealis and Macquarie) as project counsel in the development and financing of a world-scale ammonia project in Texas
  • Project counsel to the Arkansas GTL Project, a $3.5 billion landmark gas-to-liquids project in Arkansas
  • BlueScope Steel in the proposed expansion of its North Star steel facility, a high-tech mini-mill in Ohio
  • Texas Central Partners as project counsel in the development of a high speed rail project between Houston and Dallas
  •  Woodside Petroleum Limited on a range of matters including:

    • the $440 million acquisition of the assets of ConocoPhillips in Senegal
    • its potential participation in the Port Arthur LNG project  
    • the $3.761 billion acquisition of Apache Corporation’s Wheatstone LNG project and Balnaves oil interests in Australia and Kitimat LNG project interests in Canada
    • US law matters
  • OCI N.V. in a joint venture with Dakota Gasification Company to form N-7 LLC, a jointly owned company that will market, distribute and sell nitrogen fertilizers, industrial ammonia and diesel exhaust fluid in North America
  • Dyno Nobel Inc. in all aspects of the development of an $850 million anhydrous ammonia plant in Louisiana, one of the first ammonia plants to be built in the United States in twenty years
  • CenterPoint Properties Trust in all aspects of the development, and $240 million plus sale to Arc Logistics Partners LP and GE Energy Financial Services, of a crude oil unloading terminal in Joliet, Illinois
  • SemGroup Corporation in connection with commercial product transportation and construction arrangements for the development, ownership and operation of three new pipelines in the U.S. Gulf Coast region of Louisiana, collectively named the Maurepas Pipelines, with a total capital cost of approximately $500 million 
  • A large international energy company in the formation of a 50/50 joint venture and the development of an ethylene cracker with an estimated capacity of 544,000 metric tons/yr (1.2 billion lbs/year); the project is anticipated to have a capital cost of approximately $1.5 billion
  • A leading pipeline and midstream company in the joint venture, construction, and development arrangements for the approximate $3.5 billion, 465-mile interstate natural gas pipeline stretching from Alabama to Florida
  • A large international energy company on multi-billion dollar offshore development projects
  • BHP Billiton on the multibillion dollar Macedon Gas Project in Western Australia
  • Mubadala Development Company in the $18 billion development and construction aspects of an aluminum smelter (EMAL Aluminium Smelter Project at Al Taweelah in Abu Dhabi); the world’s largest greenfield aluminum smelter
  • Major international E&P company in the contracting arrangements for a newbuild FPSO to serve a deepwater development project offshore Angola, including drafting and negotiating relevant FEED, subsea infrastructure (SURF), O&M agreements, and bareboat charter
  • Cameron International Corporation in the structuring and negotiation of a complex joint venture in China to manufacture, market, and distribute all-welded ball valves used in the construction of natural gas pipelines


Contact Details

Houston

T +1.713.758.4459
M +1.281.919.4785
F +1.713.615.5150
ksahely@velaw.com
1001 Fannin Street
Suite 2500
Houston, TX 77002
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Kaam's Practices

  • Monash University (Australia), B.A., 2000
  • Monash University (Australia), LL.B. (Hons), 2002
  • Admitted to practice: Victoria (Australia); England and Wales; Texas
  • Other languages: Arabic (conversational)
  • Chambers Global, Projects (USA), 2016 and 2017
  • Chambers USA, Projects, 2015
  • Legal 500 U.S., "Next Generation Lawyer" in Energy: Transactions - Conventional Power, 2019; Construction, 2012, 2014–2015, 2017–2019; Project Finance, 2012–2015, 2017–2019; Energy - Renewable/Alternative, 2018 and 2019; Energy: Transactions - Oil & Gas, 2019
  • Law360, Rising Star, Energy, 2014
  • Who's Who Legal (Law Business Research Ltd.), Private Funds, 2016
  • Member: Law Society of England and Wales; State Bar of Texas; Association of International Petroleum Negotiators; Australian American Chamber of Commerce Energy Committee