Monarch Alternative Capital Leads $112.5 Million Strategic Investment in Capstone Green Energy

March 30, 2026

Capstone Green Energy Holdings closed a $112.5 million strategic investment led by funds managed by Monarch Alternative Capital, consisting of $80 million of senior convertible preferred stock and $15 million of common stock, plus a $17.5 million PIPE to accredited investors. Proceeds were used to redeem legacy preferred equity in Capstone Green Energy LLC (held by Capstone Distributor Support Services LLC, controlled by Goldman Sachs), making the operating subsidiary wholly owned by Capstone.

Buyers
Monarch Alternative Capital LP
Targets
Capstone Green Energy Holdings, Inc., Capstone Green Energy LLC
Sellers
Capstone Distributor Support Services LLC
Industry
Energy
Location
California, United States
Transaction Type
Recapitalization

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