New York City–based financing company Sunlight Financial has merged with Spartan Acquisition Corp. II, a publicly traded special purpose acquisition company sponsored by funds managed by an affiliate of Apollo Global Management.
The combined company will be known as Sunlight Financial Holdings. Sunlight Financial will be the new public holding company's sole operating subsidiary.
Tiger Infrastructure was Sunlight's first institutional shareholder, and remains the largest investor following the merger.
“Prior to our investment in Sunlight, Tiger was attracted to the solar energy market, given the strong industry tailwinds and the prospects for continued US growth and penetration,” said Emil Henry Jr., CEO of Tiger Infrastructure and chairman of the board of Sunlight. “After much research, we saw the best return potential, consistent with our growth infrastructure focus, in Sunlight's simple yet robust business model which creates steady, reliable long-ter
