Investment Values Clean Energy Services Biz Uplight At $1.5B

Law360 (March 3, 2021, 2:15 PM EST) -- Debevoise & Plimpton- and Morrison & Foerster-advised Schneider Electric will buy a 30% stake in Uplight, which provides services to energy providers with an aim of transitioning to a clean energy ecosystem, as part of a larger investment round valuing the business at $1.5 billion, the companies said Wednesday. 

In addition to Schneider Electric, a French electrical equipment company, the investment was co-led by sustainable energy company AES Corp. and private equity firm Huck Capital, according to a press release. Others participating in the investment include Coatue Management LLC and Inclusive Capital Partners Spring Fund II. Schneider Electric will acquire a...

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