Sunrun Announces Closing of $150 Million Equity Financing
On May 15, 2014, Sunrun, a leading home solar company in the U.S., announced the closing of a $150 million round of equity financing. Funded by new and existing investors, the round represents the largest private equity raise announced to date for a private residential solar company in the U.S. Sunrun will use the funds to broaden its reach to consumers and continue developing tools and technologies that make solar energy simpler and more cost effective for homeowners.
The Wilson Sonsini Goodrich & Rosati team that represented Sunrun in the financing included partners Bob O'Connor and Lisa Stimmell and associates Josh Bushinsky, Carrie Kibler, and Andrew Kirchner. Goldman Sachs acted as sole private placement agent on the deal.
For more information, please see the company's press release.