Conergy Canada Among the Operations Taken Over by Kawa

Kawa Capital Management, a U.S. private equity and hedge fund manager, has purchased for an undisclosed price the global subsidiaries of German solar energy company Conergy AG. As part of a two-step takeover process, Kawa will immediately acquire Conergy operations in Canada, the United States, Singapore and Thailand due to the increased financing requirements of these operations. Other Conergy assets are expected to be acquired later this year. The Canadian regional headquarters of Conergy Americas is in Edmonton, Alberta.

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