SunPower assets (Chapter 11 stalking horse bid) — residential solar business
SunPower files Chapter 11 bankruptcy Aug 5, 2024. Complete Solaria enters stalking horse bid at $50M for SunPower assets. Complete Solaria later rebrands as SunPower in April 2025. Marks end of era for iconic US solar brand.
$50M
Deal Value
Solar
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- SunPower Corp
- Buyer / Financier
- Complete Solaria
- Deal Value
- $50M (stalking horse bid)
- Stage
- Operating
- ISO/RTO
- Multiple
Capital Structure
$45M
Total transaction value
Tranches
- All-cash purchase consideration under Chapter 11 stalking-horse asset purchase agreement (plus assumption of certain liabilities) · Complete Solaria
- $45M
Service Providers
Advisory & Legal
- Seller Counsel
- Kirkland & Ellis; Richards, Layton & Finger
- Buyer Counsel
- DLA Piper; Arnold & Porter
- Seller Financial Advisor
- Moelis & Company
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