Ciardelli Investments’ Minority Investment in Solaflect Energy

On February 12, 2025, family office Ciardelli Investments LLC (“Ciardelli”), entered into a definitive agreement pursuant to which Ciardelli agreed to acquire a minority equity stake in Solaflect Energy, LLC (“Solaflect”), a Vermont‑based developer of off‑grid solar trackers and solar‑powered electrical vehicle chargers. The investment was implemented by way of a subscription for new preferred equity shares in Solaflect. Cravath is representing Ciardelli in connection with the transaction.

The Cravath team is led by partner Andrew C. Compton and includes of counsels Will Kim and April M. Kent on M&A matters; partner Christopher K. Fargo on tax matters; partner Sasha Rosenthal‑Larrea and associate Yunhao (Leslie) Liu on intellectual property matters; and partner Jonathan J. Katz on executive compensation and benefits matters.