July 23, 2016 8:39 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Sun Edison LLC

Company Overview

Sun Edison LLC manufactures solar technology products including solar modules and ground mount structures and provides solar energy services. It develops, finances, installs, and operates distributed solar power plants worldwide to deliver electricity and services to residential, commercial, government, and utility customers; and provides asset management, monitoring, and reporting services for solar systems worldwide through the company's renewable operation center. The company also offers intelligent energy solutions, solar electric and solar hybrid products, solar modules and ground mount structures, hybrid and rural electrification solutions, semiconductor wafer products, and services fo...

600 Clipper Drive

Belmont, CA 94002

United States

Founded in 2003

Phone:

650-453-5600

Fax:

443-909-7150

Key Executives for Sun Edison LLC

Chief Executive Officer, President and Director
Age: 49
Chief Financial Officer and Executive Vice President
Age: 43
Chief Executive Officer of TerraForm Power and President of TerraForm Power
Age: 45
President of Asia Pacific
Senior Vice President, General Counsel and Secretary
Age: 39
Compensation as of Fiscal Year 2016.

Sun Edison LLC Key Developments

Motion for Asset Sale Filed by SunEdison, Inc.

SunEdison, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on July 21, 2016. The debtor seeks the Court’s approval for the sale of its certain assets to Flextronics International USA, Inc., in a private sale, for a gross purchase price of $8.7 million pursuant to the asset purchase agreement dated July 21, 2016. The assets include various contracts, inventory, equipment and intellectual property used in the Global Channel Business and the Australia Business. Evan Borenstein and Raymond T. Hum of Curtis, Mallet-Prevost, Colt & Mosle LLP acted as advisor to the buyer.

Motion for Asset Sale Approved for SunEdison, Inc.

The US Bankruptcy Court gave an order approving the sale of subsidiaries of SunEdison, Inc. on July 15, 2016. The debtor has been authorized to sell its subsidiaries to 93LF 8ME LLC, in a private sale, for a gross purchase price of $24 million pursuant to the asset purchase agreement dated July 1, 2016. The debtor’s assets include equity interests in Imperial Valley Solar 3, LLC, Imperial Valley Solar 3, LLC and Sun Lake Solar, LLC owned by First Wind California Holdings, LLC, debtor’s affiliate.

Motion for Asset Sale Approved for SunEdison, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of SunEdison, Inc. on July 14, 2016. The debtor has been authorized to sell its de minims assets in any individual or series of transactions with selling price of less than $15 million without further order of the Court. For selling price greater than $5 million and up to or equal to $15 million, debtors will have to give written notice of such sale.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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