TRANSACTION

Enerkem Inc. Finances C$40 million Senior Convertible Note from Avenue’s Sustainable Solutions Fund and BlackRock

Ancoris Capital Partners acted as the exclusive financial advisor to Enerkem Inc. (“Enerkem”) on its C$40 million Senior Convertible Note financing from Avenue’s Sustainable Solutions Fund and BlackRock.​

Enerkem has developed a proprietary, disruptive technology, which converts non-recyclable, municipal solid waste and other carbon-rich feedstock into clean fuels and circular chemicals, making Enerkem the leader in the clean technology biofuels sector. Headquartered in Montréal, Canada, Enerkem operates the world’s first full-scale commercial waste-to-biofuels and chemicals facility and has formed strategic equity partnerships to build additional plants around the world.​

The new investment from the Avenue Sustainable Solutions Fund and BlackRock will accelerate Enerkem’s growth by supporting the execution of its current projects and will allow Enerkem to advance its deep project pipeline with its global partners.​

This transaction underscores Ancoris’ proven ability to create customized solutions to minimize the cost of capital for its clients. Ancoris worked with Enerkem to navigate the market challenges as presented by COVID-19 to close the transaction expeditiously and with value-add investors.