CarVal Investors completed the acquisition of a minority stake in Verogy.

CarVal Investors, a global alternative investment manager, completed the acquisition of a minority stake in Verogy, a provider of solar energy project development services. Stonehenge Growth Capital retains a significant equity stake in the firm. Financial terms were not disclosed. "We have evaluated several solar development platforms over the years. The two driving factors that made this investment in Verogy attractive to CarVal were the management team's significant experience developing projects, and their 'ownership mentality,' as indicated by their desire to maintain a meaningful ownership percentage in the business. We are excited to continue to expand on Verogy's already impressive growth trajectory," Jerry Keefe, CarVal Principal.