Foley & Lardner LLP represented Apricus Generation, a rapidly growing holding company focused on building a national distributed solar and battery development platform and Independent Power Producer (IPP), in the successful closing of its Series A funding round. The round was led by Blue Marlin Partners and Current Yield with Participation (CYwP) Fund, with total commitments exceeding Apricus’ $100 million corporate equity capital raise goal.
The Apricus platform enables consumers and businesses to participate in the energy transition by providing solar and battery storage developers with management expertise and capital to advance their project pipeline to generation. The Series A funding will be used to accelerate Apricus’ business plan and support the growth of its recent acquisition of a controlling interest in Nexus Renewables, Inc. The capital raised will also fuel additional acquisitions and the buildout of solar and battery energy systems.
The Foley team was led by partners Von Bryant and John Dunlap and included associate Douglass Lightfoot.
