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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!