China-Solar

Deli Solar

Business Description

Deli Solar (n/k/a China Solar) designs and provides integrated renewable energy solutions for industrial clients and real estate developers in China and internationally.

Background

The Company required growth capital but was averse to issuing shares at its current share price. A structured PIPE deal was required to attract investors as well as protect the Company from excessive dilution.

Solution

A principal of Carter Morse & Mathias acted as the exclusive placement agent for Deli Solar’s PIPE, negotiating and placing the securities with institutional investors. In keeping with the Company’s desire to minimize dilution, a tiered offering was struck whereby the Company issued (i) shares at a slight discount to market for $2.75 million in proceeds and (ii) two sets of warrants with increasing strike prices that could raise up to an additional $7.6 million.

 

Featured Transactions

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Press Releases

CMM Wins M&A Advisor International Deal of the Year 2017

June 2017

CMM Wins Corporate/Strategic Deal of the Year ($50 million to $100 million) at the 9th Annual International M&A Awards for representing Communication Networks, LLC ("ComNet") which was acquired by Access Control Related Enterprises, LLC ("ACRE"), a portfolio company of the private equity firm LLR Partners. ComNet offers a broad line of fiber optic, copper and wireless video and data transmission equipment that is designed to meet the needs of security and surveillance in the intelligent transportation systems, utility and industrial markets.

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etouches acquired by HGGC

May 2017

Carter Morse & Mathias ("CMM") is pleased to announce that etouches, Inc. ("etouches"), headquartered in Norwalk, Connecticut, was acquired by the private equity firm HGGC, headquartered in Palo Alto, California. Carter Morse & Mathias, based in Southport, CT served as etouches's financial advisor for the transaction, which closed on May 9, 2017.

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CMM Announces New Advisory Service for Business Owners

May 2017

Carter Morse & Mathias (CMM) is pleased to announce its new Maximizing Shareholder Value advisory service, offering business owners actionable recommendations and ongoing guidance to increase the value of their business. "For 30 years, CMM has played an important role by helping hundreds of business owners maximize value, but only at the time of a sale. Now, we are delivering this same expertise to companies that are not yet for sale", says Andrew Bangser, Managing Director of CMM. "A plan to build value is best started years ahead of a transaction - when there is still time to effect change."

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