MACCO Represents CohnReznick Capital as Advisors for Earth Energy Renewables in the §363 Sale of its Assets to Ara Partners
Earth Energy Renewables (“EER”), a pre-revenue biomass company that creates high-value green alternatives to petroleum-based products, has been acquired by Ara Partners, a global private equity firm focused on industrial decarbonization, as a result of a §363 sale process out of chapter 11 in the U.S. Bankruptcy Court. Eric B. Terry was the Subchapter V Operating Trustee for the Estate on the transaction.
CohnReznick Capital acted as the exclusive Investment Banker to the Trustee.
Macco Restructuring Group acted as Financial Advisors, with Jerry Thompson, Managing Director, Kathy Mayle, Senior Director, and Micah Miller, Director, representing MACCO as advisors to the Sub Chapter V Operating Trustee.
The law firm Chamberlain Hrdlicka in Houston acted as counsel to the Trustee. The team included Jarrod Martin, Co-chair of Chamberlain’s Bankruptcy, Restructuring, & Creditor Rights practice. Mr. Martin was assisted in this transaction by Amy Moss, David B. Sheinbein, Aly Dossa, Matthew J. Stirneman, and Tyler W. Greenwood.
Founded on biotechnology research and engineering originally conducted at Texas A&M University, Earth Energy Renewables developed a novel and economical process for converting low-value bio-degradable organic wastes into high-value bio-chemicals. The innovative, proprietary design and technology transmutes wet organic waste into high-value C2 to C8 Organic Fatty Acids used in foods and pharmaceuticals, with potential expansion into biofuels.
For additional details on this transaction, please contact Jeffrey Manning, CTP, Managing Director at CohnReznick Capital, who led the investment banking effort.
About Earth Energy Renewables
Earth Energy Renewables (EER) is a company focused on commercializing bio-based chemicals and fuels. The company has demonstrated success in creating high-value green alternatives to petroleum-based products. With a robust technology that can process any biodegradable material, dry or wet, EER is able to deliver superior end products at low costs.
About Macco Restructuring Group
MACCO Restructuring Group, LLC is a Houston based middle-market focused interim leadership and financial advisory practice with 16 highly experienced and talented professionals in 6 offices from Las Vegas to New York. Businesses in operational or financial peril and, the people who own or manage them, should have access to cost-effective, straightforward solutions. MACCO’s attributes of independence, high-ethical standards, and our willingness to take accountability, each allow us to act quickly, move confidently and execute precisely to “put out the fire and protect the stakeholders from getting burned.” www.macco.group<https://trk.cp20.com/click/a8rf-2gelvu-jy48pm-dns39ad8/>
About Chamberlain Hrdlicka
Chamberlain Hrdlicka is a full-service, nationwide firm headquartered in Houston with offices in Texas, Georgia and Pennsylvania. The firm has significant experience in bankruptcy representations, including acting as counsel for bankruptcy trustees, committees of unsecured creditors, secured creditors, indentured trustees, noteholders, stalking horse purchasers, and debtors across the United States. The firm’s bankruptcy section has the full support and resources of the firm’s corporate, intellectual property, labor and employment, tax, real estate, and litigation practices. To learn more, please visit http://www.chamberlainlaw.com<https://trk.cp20.com/click/a8rf-2gelvu-jy48pn-dns39ad9/>.
About CohnReznick Capital
CohnReznick Capital is a renewable energy investment bank providing superior advisory services to the sustainability sector. Since 2008, the firm has executed more than 215 project and corporate transactions for renewable energy assets, valued at over $28 billion in aggregate. CohnReznick Capital is wholly committed to the clean energy transition and delivers exceptional services for financial institutions, infrastructure funds, strategic participants (IPPs and utilities), and global clean energy developers. CohnReznick Capital’s team of experts helps clients break through the dynamic and evolving sustainability sector by simplifying project finance, M&A, capital raising, and special situations. To learn more, please visit https://www.cohnreznickcapital.com<https://trk.cp20.com/click/a8rf-2gelvu-jy48po-dns39ad0/>, follow @CR_Capital<https://trk.cp20.com/click/a8rf-2gelvu-jy48pp-dns39ad1/> on Twitter, or connect with us on LinkedIn<https://trk.cp20.com/click/a8rf-2gelvu-jy48pq-dns39ad2/>.