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C Street Advisory Group is providing strategic communications counsel to California’s SunPower Corp., which filed for Chapter 11 on August 5.
At the same time, SunPower has ironed out a $45M stalking horse asset purchase agreement with Complete Solaria for its Blue Raven Solar business, new home operations, and non-installing dealer network.
Tom Werner, executive chairman at SunPower, said Complete Solaria “will carry forward our vision to shape the future of residential solar as a pioneer in this space.”
SunPower has asked the US Bankruptcy Court (District of Delaware) to approve the assets deal by mid- to late September.
Werner is working to line up “long-term solutions for the remaining areas of our business, while maintaining our focus on supporting our valued employees, customers, dealers, builders and partners.”
Founded nearly 40 years ago, SunPower registered $1.7B in 2023 revenues and posted a $247M net loss.
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
Qualcomm has recruited Brett Simpson for the senior VP-IR slot at the San Diego-based wireless technology company.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
