Foley is pleased to announce that the firm’s work on the acquisition of Recurrent Energy LLC, by Canadian Solar, Inc. was awarded the M&A Advisor Award for the Cross-Border Deal of the Year (over $250 million to $550 million) at the 14th Annual M&A Advisor Awards gala on November 17, 2015. Foley advised Canadian Solar Inc., one of the world's largest solar power companies, in its acquisition of Recurrent, expanding Canadian Solar’s position as a leading solar energy developer and deepening the company’s project development and financing capabilities. The acquisition has increased Canadian Solar's total solar project pipeline by 4.0 gigawatts (GW) to a total of 8.5 GW and added approximately 1.0 GW of late-stage projects, representing a revenue opportunity of at least $2.3 billion over the next two years. The transaction closed on March 30, 2015.
The team was led by partners Jeff Atkin and Jason Allen, and included partners Larry Bonney, David Clark, Jason Barglow, Edward Hammond, Jamshed Patel, Leigh Riley, and Alan Rutenberg; special counsels Justus Britt and Jeffrey Hua; of counsel Tom Mullooly; senior counsel Holden Brooks and Sarah Slack; associates John Dunlap, Sarah Null, Kurt Rempe, and David Zoppo; and paralegals Kevin Lewman and Kenneth Rickert.