LeapFrog Investments invests US$70mn in Sun King

Debevoise & Plimpton LLP has advised LeapFrog Investments (“LeapFrog”) as lead investor in Sun King’s $70 million equity investment round, part of an extension of its initial $260 million Series D round.

Sun King is the largest provider of solar energy products for off-grid homes in Africa and Asia. The company’s products have so far provided light and power to 95 million people who lacked access to reliable electricity and have prevented more than 24 million tons of carbon dioxide emissions.

LeapFrog invests in exceptional businesses in Africa and Asia, partnering with their leaders to achieve leaps of growth, profitability, and social impact. LeapFrog’s portfolio companies now reach 407 million people across 30 countries with healthcare or financial services tools.

For full details, see here.

The Debevoise team advising LeapFrog was led by partner Geoffrey Burgess, and included associates Clarissa McNerney and Guy Polani. Competition advice was provided by partner Timothy McIver and associate Megan MacDonald.