Baker Botts

Baker Botts served as regulatory counsel to American Industrial Partners and Molycop on the $1.5 billion sale of Molycop to Tega Industries and Apollo Funds.

Molycop supplies grinding media to more than 400 mines across 40 countries, making it a key source of consumables for mineral extraction and processing. Following closing, Tega will be the controlling shareholder, with Apollo Funds holding a significant minority interest.

The Baker Botts team was led by Partner Paul Cuomo and Special Counsel Christine Ryu-Naya. Read more: https://www.bakerbotts.com/news/2026/06/baker-botts-advises-american-industrial-partners-and-molycop-on-sale

Baker Botts represented Transmission Developers, Inc., a Blackstone portfolio company, on the development and commercial operation of the Champlain Hudson Power Express, a $6 billion transmission project now delivering 1,250 megawatts of carbon-free hydropower from Québec to New York City.

The 339-mile line is the longest buried transmission line in North America, running underground and underwater from the U.S.-Canada border to a converter station in Queens. It can supply up to 20% of New York City's power needs.

Baker Botts has represented TDI on the project since 2013. The firm led federal regulatory strategy before FERC, the New York ISO, the Department of Energy, and the U.S. Army Corps of Engineers, and advised on the long-term capacity contract with Hydro-Québec, along with real estate, land use, and interconnection agreements.

Learn more here: https://www.bakerbotts.com/news/2026/05/baker-botts-advises-tdi-on-completion-of-$6-billion-champlain-hudson-power-express