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Enviva Announces $250 Million PIPE Transaction

Deals & Cases
March 6, 2023
Enviva Announces $250 million PIPE Transaction Background Image
Deals & Cases
March 6, 2023

Vinson & Elkins advised Enviva Inc. (“Enviva”) in its entry into definitive agreements with board members and insiders for the issuance and sale of $250 million of equity securities.

The PIPE was led by affiliates of Enviva’s two largest shareholders, Riverstone Holdings LLC and Inclusive Capital Partners and BTG Pactual. The PIPE is expected to close on or about March 20, 2023, subject to the satisfaction of customary closing conditions.

The Vinson & Elkins team was led by partner Ramey Layne and counsel Joanna Enns, with assistance from associates Joe Milano, Chandler Spinks, Jake Lubenow and Kylie Kopp.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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