Hanergy Holdings Group Company Ltd. agreed to acquire MiaSole, Inc from a group of sellers for $30 million on September 28, 2012. The sellers incudes VantagePoint Capital Partners, Nippon Kouatsu Electric Co., Ltd., Firelake Capital Management, LLC, Garage Technology Ventures, LLC, Kleiner, Perkins, Caufield & Byers, Bessemer Venture Partners, Leaf Clean Energy Company, PAC-LINK Management Corp., CrossLink Capital, Inc., Birchmere Ventures and others. According to the terms, no employees will be laid off in the immediate 12 months. The deal is expected to finalize on October 31, 2012. N M Rothschild & Sons Limited acted as financial advisor to Hanergy. Richard Dickson, Faisal Rashid, Minal Hasan and Mark Ostrau of Fenwick & West acted as legal advisors to Miasole in the transaction. Lee Edwards , Fang Xue, Yan Liang, Wei Fang, Dana Kromm, Daniel Stellenberg, Larry Crouch, Eileen O'Pray, Richard Hsu, Zheng Bao, Robert LaRussa, Lisa Raisner, Philip Urofsky, Mario Meeks, Jeff Salinger, Yu-Jin Tay and Brandon Bang of Shearman & Sterling LLP acted as legal advisors to Miasole in the transaction. Xiangyang Ge, Mark Uhrynuk and Paul C de Bernier of Mayer Brown JSM acted as legal advisors for Hanergy Holding.

Hanergy Holdings Group Company Ltd. completed the acquisition of MiaSole, Inc from a group of sellers on January 9, 2013. The transaction has received regulatory approval from the Chinese and US governments.