Denham Capital Partners have divested SunRay Renewable Energy an solar photovoltaic developer to US-based trade player SunPower, the total consideration for the acquisition is approximately $277m, including $235m in cash and $42m in a letter of credit and promissory notes.
Fund VI has raised half of its target so far, with the GP seeking to further prove its investment track record throughout 2023
Sponsors remain broadly optimistic despite fundraise bottlenecks and a growing number of LPs faced with tough choices on manager selection
Sale of financial services research group follows process with early discussions between vendor and bidders
GP has raised EUR 150m for the vehicle against a EUR 250m target, with one third already deployed