Multi-Office Locke Lord Team Represents Consortium of Investors in Acquisition of Sunlight Financial

A Locke Lord team led by Mike Malfettone (New York), Aaron Smith (Chicago) and Bob Baute (Providence) represented a consortium of established investors in the solar energy industry, including an affiliate of Greenbacker Capital Management, Sunstone Credit, IGS Ventures and others, with its secured lender, Cross River Bank (CRB), in the acquisition of Sunlight Financial Holdings. Sunlight Financial is a technology-enabled point-of-sale finance company that partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. As of its closing on December 6, Sunlight Financial completed its Chapter 11 restructuring process, and the consortium and CRB now own shares of capital stock representing 100 percent of the ownership of the company. For more information, see the press release. Additional support was provided by Steven Bryant (Austin), Mike Serra (Providence), Sara Longtain, Buddy Sanders, Lani Blake, Jason McCloskey, Andrew Nelson (all of Houston), Julie Dziobak, Hanna Redd (both of Boston), Matt Furton (Chicago), Van Jolas, Geoff Polma (Dallas), William Barnard, Ryan Last and Chelsey List (all of New York).
Posted on December 8, 2023