Clifford Chance advises Partners Group on acquisition of Life Cycle Power from Arroyo

October 15, 2025

• Alexander S. Leff, Jonathan Bobinger, Marcia Hook, Ty’Meka M. Reeves-Sobers, Renée Latour (She/Her), Karalyn Mildorf, Leigh Oliver (She/Her), Reuven Falik, Todd Lowther, Violetta Kokolus, Thomas Critchley, James Kleine, Pardis Baha, Nick Mitchell, , Adriana Vélez-León, Kami McFarland (She/Her), David Harris, Nicolas Friedlich, Santi Roca Arribas (He/Him), Meny Elgadeh, , David Walsh, Kade Moural, Xanadu Halkias, Natalia van der Laat, Sung Shin
• Houston, Washington D.C., New York, Madrid

Clifford Chance advises Partners Group on acquisition of Life Cycle Power from Arroyo

Global law firm Clifford Chance has advised Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, in its acquisition of Life Cycle Power (LCP or the Company), a provider of bespoke, turn-key mobile power generation solutions in the US, from an investment partnership controlled by Arroyo Investors, a Houston-based private equity firm.

LCP operates an 897 MW fleet of mobile generation units, representing one of the largest and most efficient mobile fleets in the country. The Company benefits from thematic tailwinds including the growth of AI data center demand and the expansion of domestic industrial facilities.

Partners Group will work with LCP's experienced management team to transform the Company into a provider of mobile power solutions for data center and industrial customers across the US. Key value creation initiatives will include expanding LCP's offering into the fast-growing data center sector, increasing average contract lengths with key industrial customers, and further building the Company's fleet capacity.

The Clifford Chance team advising Partners Group was led out of Houston by Partners Alex Leff and Jon Bobinger, and James Kleine, Pardis Baha, and Nick Mitchell. The wider team included:

• Energy & Infrastructure: Partners Marcia Hook (Washington, DC) and Ty'Meka Reeves-Sobers (Houston), associates Erin Drolet (Washington, DC), Adriana Vélez-León (Washington, DC), Kami McFarland (Washington, DC)
• CFIUS: Partners Renee Latour (Washington, DC) and Karalyn Mildorf (Washington DC)
• Litigation: Associates David Harris (Washington, DC) and Nicholas Friedlich (Washington, DC)
• Antitrust: Partner Leigh Oliver (Washington, DC), Counsel Santiago Roca Arribas (Washington, DC) and Associate Sung Shin (London)
• Real Estate: Counsel Meny Elgadeh (New York) and Staff Attorney Dan Copland (New York)
• Tax: Partners Reuven Falik (New York) and Todd Lowther (Houston) and associates David Walsh (New York) and Kade Moural (Houston)
• IP: Partner Violetta Kokolus (New York) and associate Xanadu Halkias (New York)
• Finance/Corporate: Partner Thomas Critchley (New York) and Director, Financial Investors Natalia van der Laat (Madrid)