Farallon Capital Discloses Sky Solar Stake, Adds Board Members At Town Sports ~ market folly

Wednesday, March 25, 2015

Farallon Capital Discloses Sky Solar Stake, Adds Board Members At Town Sports

Andrew Spokes' hedge fund firm Farallon Capital has submitted two filings with the SEC recently.

Discloses Sky Solar Stake

First, Farallon filed a 13G regarding shares of Sky Solar (SKYS).  Per the filing, Farallon has disclosed a 7.7% ownership stake in SKYS with 30 million shares.

This is a newly disclosed equity position for the firm and the filing was made due to activity on March 13th.  Sky Solar went public in November 2014.

Per Google Finance, Sky Solar is "independent power producer (IPP) that develops owns and operates solar parks around the world. The Company focuses on the downstream photovoltaic segment of the market."

Adds Board Members At Town Sports International Holdings

Second, Farallon filed an amended 13D with the SEC regarding its stake in Town Sports International Holdings (CLUB).  Per the filing, Farallon now has 2 of the 8 board seats at the company.  Farallon's ownership stake remains unchanged at 16.7% of the company with over 4 million shares.

Per Google Finance, Town Sports is "an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States and a fitness club owner and operator in the United States in each case based on the number of clubs. The Company operates 162 fitness clubs under its four regional brand names; New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC) and Washington Sports Clubs (WSC)."

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