Ontier advises on the sale of Sungry Solar Distribution
Ontier and the American Law firm Miles & Stockbrige have advised Mr. Neel Desai, the CEO of Sungry Solar Distribution, a leading provider of solar energy solutions, in the sale of Sungry Solar Distribution to Amara NZero, for an undisclosed sum.
The Spanish multinational Amara NZero, whose reference shareholder is the investment fund Cinven, has signed the acquisition of the US company SUNRGY. This purchase is part of the business plan established by the company, in which the expansion in the American market plays an important role.
Amara NZero will operate in the United States under the SUNRGY brand in the solar area, with Neel Desai, founding partner and current CEO -who remains in the position-, leading its North American expansion. The other businesses operating in the U.S. market will continue to do so under the Amara NZero USA brand.
Ontier’s team was led by Pablo Enrile Mora-Figueroa and Francisco de Almeida Viegas, partner and senior associate of the corporate M&A department of the Madrid office.
The team of Miles & Stockbridge was composed by Eric F. Horvitz and Aditya A. Patel, principal and associate from the Tysons Corner, Virginia office.
