February 10, 2010 (Mountain View and San Francisco, CA) – Fenwick & West LLP represented its client Ausra, Inc., a leading provider of large-scale, concentrated solar thermal steam generators for electricity generation and industrial processes, in its recently announced acquisition by the world's largest nuclear plant builder, Areva SA (Paris:CEI). Areva, headquartered in Paris, France, provides technological solutions for carbon dioxide free power generation, and electricity transmission and distribution.

The acquisition is subject to customary regulatory approval, and is expected to close in the next few months. Financial terms have not been disclosed.

More information about the transaction can be obtained from the Ausra website.

In 2007, Ausra relocated to Silicon Valley from Australia. The company raised approximately $130 million from high profile investors, including, Generation Investment Management, Kern Energy Partners, Kleiner Perkins Caufield & Byers, Khosla Ventures and Starfish Ventures.

The Fenwick & West transaction team included corporate attorneys Gordon Davidson, David Michaels, Matthew Rossiter, Aaron Sokoloff, Jacob McQuown, Aaron Hou and Andy Stewart; executive compensation and employee benefits attorneys Scott Spector, Mona Clee, John Ludlum and Nicholas Frey; and technology transactions attorneys Mark Ostrau, Tracy Randall and Genelle Ng.


About Fenwick & West
Fenwick & West provides comprehensive legal services to clients of national and international prominence. The firm is ranked by Legal 500 as one of the top five West Coast M&A practices and by American Lawyer and Global Securities as one of the top 25 M&A firms in the U.S.—across all industries.


Press Contacts:

Gordon Davidson, Firm Chairman; Partner, Corporate Group
650.335.7237
gdavidson@fenwick.com

David Michaels, Partner, Corporate Group
415.875.2455
dmichaels@fenwick.com