U.S. private equity funds Tennenbaum Capital Partners LLC (TCP) and Goldman Sachs BDC (GSBD) have bought solar energy company Conergy Asia & ME Pte Ltdand its subsidiaries, Conergy said on Wednesday.

Kawa Solar Holdings sold Conergy to the funds for an undisclosed sum in a transaction that closed on Tuesday, Singapore-headquartered Conergy said in a statement.

“TCP’s and GSBD’s extensive experience and access to capital will strengthen Conergy’s financial position, enhance our capabilities, and allow us to pursue new business opportunities in the region and execute our plans for growth in Australia, the emerging markets of Southeast Asia and Japan,” Alexander Lenz, Chief Executive Officer of Conergy, said in a statement.

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