William L. Clydesdale

Bill Clydesdale has been at the forefront of sophisticated corporate transactions for three decades and is a trusted business advisor, known for providing practical advice and his problem-solving skills. He is a partner in the firm’s Corporate group and co-chairs its Mergers and Acquisitions practice.

Bill anchors his practice in renewable and alternative energy.  He represents developers, sponsors and investors in the acquisition, financing, and sale of solar, storage, wind, and other renewable energy projects, both development-stage and operational, and has successfully negotiated hundreds of mergers and acquisitions, joint ventures, cash equity investments and other corporate transactions throughout the United States.

Bill also provides strategic counsel to growth and middle-market companies in technology, healthcare, manufacturing, and a variety of other industries. He frequently advises founders, boards, and investors, guiding them through the process of financing, managing, and selling their businesses.

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Education

Harvard Law School, J.D., 1993, cum laude

Wesleyan University, B.A., 1988; Phi Beta Kappa

Admissions

Oregon

District of Columbia

New York

Languages

Energy M&A

• Representation of independent power producer in its acquisition of approximately 88 MW of operating distributed generation solar projects across the U.S.
• Representation of developer-owner-operator in its acquisitions of development-stage solar and battery energy storage projects in ERCOT, Illinois and Arkansas
• Representation of developer-owner-operator in its acquisition of an approximately 100 MWac development-stage wind project in California
• Representation of developer in its sale of an approximately 135 MWac development-stage wind project in Arkansas
• Representation of owner in its sale of a portfolio of almost 60 MW of fully operational distributed generation solar projects in New York and Maryland
• Representation of institutional energy investor in its acquisition of an approximately 29 MW development-stage solar project in New Jersey
• Representation of institutional energy investor in its acquisition of a portfolio of over 195 MW in operating solar projects located in seven states
• Representation of developer in its acquisition of an approximately 160 MW development-stage solar project in California
• Representation of institutional energy investor in its acquisition of a portfolio of over 200 MW in operating wind projects in Idaho and New Mexico
• Representation of institutional energy investor in its acquisition of an approximately 134 MW development-stage solar project in California
• Representation of Vestas Wind Systems A/S in its acquisition of Utopus Insights, Inc., an energy analytics software company
• Representation of Recargo, Inc., a plug-in EV technology company, in its sale to innogy e-Mobility US LLC
• Representation of Demand Energy Networks Inc., an energy management software company, in its sale to Enel Green Power North America, Inc.

Other M&A

• Representation of Nagarro, Inc., a global IT services business, in its sale to Allgeier Holding AG, a publicly traded German IT services company and in subsequent acquisitions of three complementary businesses.
• Representation of Standard Multiwall Bag Manufacturing Co., a family-owned paper and packaging business, in its sale to GelPac Inc., a private-equity owned packaging manufacturer headquartered in Quebec, Canada
• Representation of Point B, Inc., an employee-owned management consulting firm, in its partnership with Endeavour Capital
• Representation of CloudMed, LLC, a medical software company, in its sale to Revint Holdings, LLC
• Representation of Viewpoint, Inc., a construction industry software company, in its acquisition of Keystyle Data Solutions, L.L.C.
• Representation of Planar Systems, Inc., a worldwide provider of display systems, in its acquisition of NaturalPoint, Inc.
• Representation of SolutionsIQ, Inc., a consulting services company, in its acquisitions of two complementary businesses and its sale to Accenture
• Representation of SET Management, LLC, an advertising agency, in its sale of a controlling equity interest to subsidiaries of WPP, plc.
• Representation of Bend Cable Communications, LLC, dba BendBroadband, and its affiliates, in the sale of substantially all of their assets to Telephone and Data Systems, Inc. (NYSE: TDS)
• Representation of Da Kine Hawaii, Inc. in the sale of substantially all of its business assets to affiliates of Billabong International Limited, a public Australian corporation

Energy Project Finance and Joint Ventures

• Representation of institutional energy investor in its cash equity investments in multiple development-stage, utility-scale solar projects throughout the U.S.
• Representation of sponsor in cash equity investments by an institutional energy investor in development-stage distributed generation solar projects in California
• Representation of developer in the formation of joint ventures to develop, construct and sell approximately 600 MW in wind generation facilities to a Midwest utility
• Representation of developer in formation of joint ventures to develop, construct and own wind projects throughout the U.S., including the repowering of existing, operational wind projects, and in post-COD equity buyouts
• Representation of sponsor in partnership-flip, inverted lease and lease pass-through tax equity financings by U.S. Bank of portfolios of solar projects throughout the U.S.

Corporate Finance and Non-Energy Joint Ventures

• Representation of emerging growth biotech company in multiple preferred stock financing rounds
• Representation of Fresco Logic, Inc., a fabless semiconductor company, in multiple preferred stock financing rounds and its subsequent sale to a subsidiary of Parade Technologies, Ltd., a public Taiwanese company
• Representation of Cambia Health Solutions in investments in various emerging growth companies, including PokitDok, Retrofit and Wildflower Health
• Representation of Zimmer Gunsul Frasca Architects LLP in the formation of its joint venture with a Canadian architecture firm.
• Representation of a U.S. components supplier in the formation of a joint venture to design, develop, manufacture, and sell jet aircraft engine component products to a U.S.-based aerospace manufacturer.

Insights & Presentations

• Co-author, “Choice of Entity Structure,” Chapter 11, The Law of Wind: A Guide to Business and Legal Issues, Stoel Rives LLP, Ninth Edition, 2022
• Presenter, “Business Acquisitions and Exits: M&A Tidbits” (co-presenter, Jennifer Tuohy) Stoel Rives’ Rooftop CLE Series, June 28, 2017
• Panelist, “Tapping International Markets: Key Governance Challenges,” KPMG Fall Audit Committee Roundtable Series, Portland, OR, December 3, 2014

• Included in The Best Lawyers in America^® (Corporate Law, Mergers & Acquisitions Law), 2019–present

Professional

• Executive Committee, International Law Section, Oregon State Bar, former Chair and Treasurer
• American Bar Association, Member

Civic

• WorldOregon, Portland, Oregon, Trustee
• The International School, Portland, Oregon, former Trustee and Governance Chair