alarm:clock: Goldman Sachs To Invest in Solar Panel's Solel At A Valuation In Hundreds of Millions

Alternative Energy - Friday, January 26, 2007

Goldman Sachs To Invest in Solar Panel's Solel At A Valuation In Hundreds of Millions

Investments
+ ISRAEL Goldman Sachs (NYSE:GS) is negotiating to buy 30% of Solel Solar Systems and an option for an additional 20%, at a company value of hundreds of millions of dollars. Revenue rose from $4M in 2005 to $30M in 2006, and is projected to rise to $90-100M in 2007 (Solar thermal panels)
+ CALABASAS, CA Fulcrum Microsystemsraised $17M (Clockless interconnect silicon for connecting system backplanes)
+ MUBMAI, INDIA DigiBee (DGB) Microsystems has secured strategic financing of $8.5M from SIDBI Venture Capital and Clearstone Venture - an early stage venture capital fund (Mobile handset maker)

M&A
+ CHATSWORTH, CA & SANTA CLARA, CA MRV Communications has acquiring Fiberxon in a $131M cash and stock deal Fiberxon has raised $30 million in VC funding from Apax Partners, Greylock Partners and Jafco. (Manufacturer of optical transceivers)

Bad News
+ WALLINGFORD, CT VC-funded Mangrove Systems to shut down (Pseudowire for backhaul)