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.
Belgian GP plans to back the company, according to a document by the Dutch competition authority
Fresh capital will be used to accelerate Funnel's operations in the US and invest in its technical teams
MACSF co-invested with the GP in a spin-off from Vocalcom Group, an Apax France portfolio company
Marston is a judicial services group, which recovers funds on behalf of taxpayers and businesses