Akin Gump Advises SunPower in Sale of Solar O&M Business to Clairvest Group

(Los Angeles) – Clairvest Group Inc. has announced that it, together with Clairvest Equity Partners VI (together “Clairvest”), acquired the solar operations and maintenance (O&M) business of SunPower Corporation. Upon closing, the business will be renamed NovaSource Power Services. A team from Akin Gump advised SunPower in the transaction.

NovaSource is a recognized O&M leader in commercial, industrial and utility scale solar projects. The transaction is part of Clairvest’s multi-year pursuit to create a market leading solar O&M platform through a ‘buy and build’ strategy. To learn more about the deal, click here

The Akin Gump team included global project finance practice co-head Dan Sinaiko, counsel Daniel Prince and associate Michelle Marshall.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 1,000 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75

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