Paul Hastings Advised Carlyle in $450 Million Purchase from Sungage Financial

Paul Hastings LLP advised global investment firm Carlyle (NASDAQ: CG) in a $450 million forward flow agreement to purchase newly issued residential solar loans from Sungage Financial, a leading provider of solar financing. This partnership will allow Sungage Financial to increase its origination capacity and drive future growth.

Co-Chair of the Asset-Backed Finance practice Shawn Kodes led the Paul Hastings team, which also included partners Matthew Nemeth, Joseph Opich, and Ryan LaForce, with assistance from associates Patrick Lee and Gregg Myerson.

More details on the transaction can be found here.

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