Irell & Manella Posts Strong Year for Corporate Tr...(d a geothermal resources investmen...),Health

investment platform, Oski Energy, LLC. The firm also advised USRG on

its minority investment in Pipestem Energy Group, LLC, a developer of

midstream infrastructure assets supporting the petroleum agri-feedstock

and biofuels industry. Irell handled the private placement of

preferred units for U.S. Biodiesel Group II, LLC, a developer of

biodiesel production facilities, and it represented both USRG and

Rustic Canyon Partners in the formation and capitalization of Fulcrum

BioEnergy, Inc., a company designed to convert municipal solid waste

into biofuels. The Fulcrum deal included negotiating a first-of-its

kind commercial relationship with a public waste management company.

-- Continued its successful representation of private equity sector funds

co-formed by GFI Energy Ventures LLC and Oaktree Capital Management,

assisting in two significant energy company acquisitions. Having

advised on four GFI portfolio company acquisitions in 2006, Irell in

2007 represented the fund in its purchase of GoodCents, a developer of

energy efficiency programs for North American electric utilities and

Turbine Generator Maintenance, a leading service provider to the

turbine generator market in the U.S.

-- Represented Los Angeles-based Angeleno Group, a private equity firm

focused on the energy sector, in its investment in a company that

separates glass by color in preparation for recycling.

Entertainment:

-- Represented a major international entertainment company in its $350

million acquisition of Club Penguin Entertainment, operator of a

popular children's online interactive community with more than 700,000

subscribers worldwide. The purchase price consisted of an upfront cash

payment of $350 million, with an earn-out of up to an ad
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