SkyPower Closes on Investment From Lehman Brothers



    NEW YORK and TORONTO, June 13 /CNW/ - SkyPower Corp., one of Canada's
leading renewable energy companies with a substantial portfolio of wind and
solar projects across Canada, has announced that Lehman Brothers and its
Private Equity business have acquired a significant equity stake in the
company. The transaction closed on Monday, June 11th and includes an up-front
acquisition payment, commitments to future project financing as well as other
investment opportunities in the renewable energy sector. The current SkyPower
management team, led by its Founder and Chief Executive Officer, Kerry Adler,
will continue to be responsible for and oversee all ongoing day-to-day
operations as well as the strategic direction of the company.
    SkyPower was advised on the transaction by Marathon Capital headquartered
in Bannockburn, Illinois, and Genuity Capital Markets based out of Toronto,
Ontario. Specific terms of the transaction were not disclosed.





For further information:

For further information: about SkyPower or to explore partnership
opportunities visit our website at www.skypower.com; SkyPower Media Contact:
Ms. Rebecca Black, Marketing Specialist, (416) 979-4625, or email
rebeccab@skypower.com

Organization Profile

SkyPower c/o SkyPower Services ULC

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