The Firm is advising the Special Committee of the Board of Directors of SunPower Corporation (NASDAQ: SPWR) in connection with the sale of its Commercial & Industrial Solutions business to TotalEnergies, SunPower’s majority shareholder. The transaction is expected to close early in the second quarter of 2022, subject to the satisfaction of customary closing conditions.
Headquartered in California’s Silicon Valley, SunPower is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities.
The Simpson Thacher team includes Eric Swedenburg, Jun Won Kim, Jeff Levine and Molly Nelson (M&A); Drew Purcell, Jacqueline Clinton and Lina Pan (Tax); Lori Lesser, Bobbie Burrows, Samuel Watters and Rachelle Broida (Intellectual Property); Jeannine McSweeney and Alisa Tschorke (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Steven DeLott (Insurance); and Krista McManus and Dennis Loiacono (Real Estate).