SmartPitch closes its acquisition of New Energy Equity
New Energy Equity (NEE) and private equity investment fund SmartPitch Ventures (SmartPitch) announced the closing of a major investment in NEE by SmartPitch. Under the terms of the agreement, SmartPitch assumed a controlling interest in NEE.
The investment will accelerate NEE's growth for the coming years and entrench their position as one of the key developers focused on distributed generation and community solar in the United States.
Rubicon Capital Advisors represented NEE as a financial advisor and K&L Gates LLP represented NEE as legal counsel.
SmartPitch Ventures was advised by Akin Gump Strauss Hauer & Feld LLP and Seale & Associates.
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