Future Energy Solutions Lands a Multi-Year Financial Partner
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This news is classified in: Traditional Energy General News

Apr 19, 2019

Future Energy Solutions Lands a Multi-Year Financial Partnership with Deutsche Bank AG

Future Energy Solutions Lighting Group, LLLP ("FES") announced today that it has closed a multi-year funding facility with Deutsche Bank with an initial facility of $100mil. The new facility from Deutsche Bank will be in addition to FES's existing senior funding partner, Orion Energy Partners ("Orion Energy"), providing additional funding to support the Company's rapid expansion.

FES delivers Lighting as a Service ("LaaS") through energy efficient installations across the United States. FES is an award-winning business and a rapidly growing provider of energy efficient lighting. FES has a proven record of providing commercial and industrial customers with energy efficient lighting equipment systems using LED and induction technologies. The Company's Gold Initiative Program offers LaaS at zero capital cost to the customer.

"FES and its partners, Orion Energy, are delighted to partner with Deutsche Bank, who have provided a credit facility that will allow FES to significantly expand its presence in markets throughout the United States," said FES Chief Executive Officer Daniel Gold. "With this partnership in place, we are optimally positioned to better service our existing customers and accelerate growth in our core target markets."

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"Deutsche Bank's new capital partnership with FES exemplifies and highlights the success of the FES business since partnering with Orion Energy," said Chris Leary, Investment Principal at Orion Energy. "We are excited to further bolster FES's access to capital, in addition to our continuing support."

"We have worked closely with the FES and Orion teams to structure an innovative financing solution that allows FES to continue growing its business of providing energy efficient lighting-as-a service," commented Robin Cresswell, Head of Infrastructure and Energy US at Deutsche Bank.

Norton Rose Fulbright acted as legal advisor and Marathon Capital (Chicago) and BDO LLP (London) acted as financial advisors to FES. Morgan Lewis acted as legal advisor to Deutsche Bank. Latham & Watkins LLP acted as legal advisor to Orion Energy.


Future Energy Solutions Lighting Group, LLLP