RRJ Capital-led consortium completes acquisition of minority stake in Clean Energy Fuels
Clients RRJ Capital Ltd.
Jones Day advised RRJ Capital Ltd., a private equity fund founded by former Goldman Sachs co-head of Asia investment banking Richard Ong, which led a consortium of international investors in the acquisition of a minority stake in the U.S.-based natural gas fuels company, Clean Energy Fuels Corp. The consortium purchased 10 million Common Shares in Clean Energy Fuels Corp. for $100 million. Jones Day also advised the consortium in its initial purchase of US$150 million aggregate principal amount of 7.5% Convertible Notes in a Rule 144A and Regulation S offering Corp. by Clean Energy Fuels Corp.