IndusLaw, Gibson Dunn on Amplus, ISQ buy of SunEdison solar SPVs

Thursday, 23 June 2016 By Prachi Shrivastava Corporate M&A

IndusLaw and Gibson Dunn advised Amplus Energy Solutions and I-Squared Capital on their acquisition of various SunEdison Special Purpose Vehicles (SPV) developing and operating around 7 MW rooftop solar power assets in India. SunEdison was advised in house.

Indus partner Avirup Nag, principal associate Abhishek Bhalla and associates Rohan Ghosh, Niyati Bhatt and Shaima Khan acted for Amplus and ISQ

SunEdison general counsel Vinay Bhatia and in house lawyers Meghna Singh and Sujata Kukreja acted for the company.

“The US solar energy company initiated the sale of its Indian assets after ballooning debt led it to file for Chapter 11 bankruptcy protection on 22 April, Reuters reported. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of 30 September 2015,” reported Mint.

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Comments

Kco 23 Jun 2016, 12:13
+1 -0
No money for Sunedison to pay CAM anymore?
Sai Bhakta 23 Jun 2016, 14:03
+2 -1
It regularly AZB for SunEdison. Sai is the go to guy for them.
Santosh Bhakta 23 Jun 2016, 19:35
+1 -1
http://www.legallyindia.com/Corporate-/-MA/biggest-indian-renewable-deal-with-cyril-amarchand-bmr-on-sunedison-continuum-wind-power-buy-toi-carries-deal-report
Jugadu Jhandu 24 Jun 2016, 11:03
+2 -0
Sai of disbelief?
well wisher 23 Jun 2016, 16:48
+2 -0
Good to see IndusLaw in the projects side of things.
Project? 24 Jun 2016, 09:26
+1 -0
Why will this be regarded as a "Projects" and not an M&A deal? The acquisition was of companies and not assets.
Well Wisher 2 24 Jun 2016, 08:21
+0 -0
But what about the expert Projects Partner who moved from Khaitan ?
RA 27 Jun 2016, 09:02
+1 -0
Good going Avirup!
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