February 1, 2011
Industrials and Industrial Technology, Energy
M&A, Consolidation/Integration, ESG
GCA advised Itochu Corporation on the consolidation of its US solar system subsidiaries DC Power Systems and SolarDepot
GCA acted as exclusive financial advisor to ITOCHU Corporation and negotiated with the minority investors at DC Power Systems.
ITOCHU Corporation (TSE: 8001) concluded the business combination of its majority owned subsidiary, DC Power Systems, and its wholly owned subsidiary, Solar Depot.
The combined entities, now wholly owned by SolarNet Holdings, a newly created holding company, will become the largest solar distribution company in the US.
Terms of the transaction are not disclosed