NEW YORK, June 10, 2022: Morgan Lewis represented CarVal Investors LP in a two-tiered investment of $350 million in equity in Agilitas Energy. Under the terms of the deal, the investment amount may be upsized to $650 million upon the completion of certain projects.
CarVal is a global alternative asset manager with approximately $14 billion in assets under management.
Agilitas is an integrated developer, builder, owner, and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern United States.
Morgan Lewis partners Etienne Shanon and Neeraj Arora, and associates Theresa Kalathil, Jonathan Wilcon, Lizbeth Sanchez and Arshak Zakarian advised CarVal together with the support of other Morgan Lewis partners and associates. For more, read the announcement.
Morgan Lewis previously represented CarVal in the acquisition of a minority stake in Verogy, a vertically integrated solar developer.