Deal Description: Enviva Partners, LP (NYSE: EVA) (“Enviva”) agreed to purchase from Enviva Holdings, LP (the “sponsor”) a wood pellet production plant in Lucedale, Mississippi, a deep-water marine terminal in Pascagoula, Mississippi, and three long-term, take-or-pay off-take contracts with creditworthy Japanese counterparties.
On a total investment of $345.0 million, the acquisitions are expected to generate net income in the range of $18.9 million to $20.9 million and adjusted EBITDA in the range of $43.0 million to $45.0 million once fully ramped.
Baker Botts L.L.P. served as legal counsel to the conflicts committee of the board of directors of the Partnership’s general partner.
The company’s press release can be found here.
Baker Botts Lawyers/Offices Involved:
- Corporate: Michael Swidler (Partner; New York), Michael Rosenwasser (Senior Counsel; New York), Jonathan Kovacs (Associate; New York)
- Tax: Michael Bresson (Partner; Houston), Jared Meier (Senior Associate; Houston)
- Environmental: Matthew Kuryla (Partner; Houston), Laura Williams (Associate; Houston)
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.