close

Fenwick Represents Ausra in Acquisition by France-based Areva

February 10, 2010

Fenwick & West represented Ausra, Inc., a leading provider of large-scale, concentrated solar thermal steam generators for electricity generation and industrial processes, in its acquisition by the world's largest nuclear plant builder, Areva SA (Paris:CEI). Areva, headquartered in Paris, France, provides technological solutions for carbon dioxide free power generation, and electricity transmission and distribution.

The acquisition is subject to customary regulatory approval, and is expected to close in the next few months. Financial terms have not been disclosed.

More information about the transaction can be found through the announcement on Areva's website.

In 2007, Ausra relocated to Silicon Valley from Australia. The company raised approximately $130 million from high profile investors, including Generation Investment Management, Kern Energy Partners, Kleiner Perkins Caufield & Byers, Khosla Ventures and Starfish Ventures.

The Fenwick & West transaction team included corporate attorneys Gordon Davidson, David Michaels, Matthew Rossiter, Aaron Sokoloff, Jacob McQuown and Aaron Hou; executive compensation and employee benefits attorneys Scott Spector, Mona Clee, John Ludlum and Nicholas Frey; and technology transactions attorneys Mark Ostrau, Tracy Randall and Genelle Ng.