Sidley has announced that Hagai Zaifman has joined the firm’s New York office as a partner in its tax practice.
Zaifman is a practitioner in the renewable energy area, advising sponsors, private equity funds and other investors, and lenders in connection with the structuring, planning and negotiating of all types of renewable energy transactions.
He regularly advises clients on project development and financing, repowering, M&A transactions and tax equity investments, including in flip partnerships as well as forms of leasing transactions.
His experience spans across various energy tax credits and other government incentive programs, including the production tax credits (PTCs), investment tax credits (ITCs), new markets tax credits (NMTCs), and carbon sequestration tax credits.
For several years, he served in various tax leadership roles, including as the tax director of one of the leading investors in the renewable energy industry in the country. Zaifman oversaw the underwriting, investing, managing and disposing of a debt and equity portfolio of over $10bn of US and foreign wind and solar projects.
Laura M. Barzilai, global leader of tax, employee benefits and executive compensation practice and member of the executive committee, Sidley, said: “Hagai is one of the most respected tax equity lawyers in the industry.
“His lengthy track record and firm grasp of the renewable energy market, together with his experience in complex partnership structures, further bolster the strength of our global tax group.”
Cliff Vrielink, global leader of energy and infrastructure practice and a member of the executive committee, added: “We are excited to have Hagai join our market-leading renewables team.
“Hagai’s thought leadership and expertise will be a great complement to our existing capabilities in the renewables space.”