Capital Dynamics 46 MW Residential Solar Portfolio
|Deal Type||Mergers & Acquisitions|
|Size||46 MW Residential Solar Portfolio|
|Client & Transactional Partners||
|Our Role||Sell-Side Advisor|
On June 14, 2019, KeyBanc Capital Markets (“KBCM”) completed the successful sale of Capital Dynamics’ (“CD”) 46 MW residential solar portfolio (“Terrier”) to SunStrong Capital Holdings (“SunStrong”). Terrier comprises approximately 5,300 rooftop systems originated by SunPower Corporation, and is diversified across nine states in over 75 utility service areas.
KBCM was chosen to serve as sell-side advisor based on the strength of our renewable energy practice, buyer insight and long-tenured lending and advisory relationship with Capital Dynamics’ management team. KBCM also acted as Coordinating Lead Arranger for Terrier, providing senior secured credit facilities for the portfolio in June 2018.