NEW YORK, March 28, 2017 /PRNewswire/ -- C2 Special Situations Group, LLC, D/B/A C2 Energy Capital (www.c2.energy), a leading sponsor of distributed generation projects in the United States, announced a record year of growth with more than 35 Megawatts (MW) in Massachusetts, California, New York, New Jersey and South Carolina closed in 2016.
C2's growth included twelve project acquisitions, increasing its portfolio to 50 distributed generation projects under management and establishing C2 as a key sponsor for non-residential solar projects in the US. This exceptional progress was achieved leveraging the legal and tax expertise of global legal services firm Mayer Brown.
"C2 is benefitting from the experience of our team in this sector, along with the top-tier guidance from our advisors. We are especially grateful for the advice provided by Mayer Brown LLP as we tackle complex tax equity transactions with a myriad of new and seasoned investors in the sector," said Richard Dovere, Managing Member of C2 Energy Capital. "In addition, we are grateful to our partners and clients for helping us have such a break-out year."
The Mayer Brown team, based in New York, provided C2 with crucial tax and project finance advice. The team was led by Tax Transactions & Consulting Partner David Burton and his team and included Counsel Anne Levin-Nussbaum and Banking & Finance Associates Clint Bergstrom and Tyler Garvey. Mayer Brown continues to support C2's growth with strategic advice.
NEW NAME, NEW CAPABILITIES
C2 Special Situations Group, LLC also announced it has changed its name to C2 Energy Capital. "Our new name represents the evolution of the firm – C2's new capital facilities allow the firm to invest in a broader set of generation and storage projects across the distributed generation spectrum," said Candice Michalowicz, Managing Member of C2. "We are excited to continue accelerating our momentum in the renewable energy sector."
C2 Energy Capital is a private investment firm based in New York that specializes in power generation investment opportunities. The C2 team brings extensive development, construction, operations, acquisition and financing expertise to its portfolio, with a focus on distributed generation. Additional information about C2 can be found at www.c2.energy.
ABOUT MAYER BROWN LLP
Mayer Brown is a global legal services organization advising clients across the Americas, Asia, Europe and the Middle East. Its presence in the world's leading markets enables the firm to offer clients access to local market knowledge combined with global reach. Mayer Brown is noted for its commitment to client service and ability to assist clients with the most complex and demanding legal and business challenges worldwide. Read more about Mayer Brown.
FORWARD LOOKING STATEMENTS
The statements contained in this press release may include forward-looking statements about C2's future business prospects or growth that are based on management's current views and assumptions and involve risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.
Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in energy industry, (ii) performance of financial markets, (iii) changes in laws and regulations, including tax regulations, and (iv) general competitive factors, in each case on a local, regional, national and/or global basis.
NO DUTY TO UPDATE
The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.
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SOURCE C2 Energy Capital