Ancoris Advises Enerkem
Ancoris Advises Enerkem
About the transaction
Ancoris acted as the exclusive financial advisor to Enerkem on its C$10 million Convertible Note financing.
About the Company
Enerkem produces advanced biofuels and renewable chemicals from landfill waste, biomass and residual material.
Using its proprietary technology, Enerkem has built the world’s first full-scale commercial waste-to-biofuels and chemicals facility and has formed strategic partnerships with blue-chip partners to build additional plants around the world.
For more information, please visit
Enerkem website https://enerkem.com/
Ancoris once again created a great outcome by finding Enerkem a value-added financing partner that will support us in our next stage of growth and success
Dominique Boies, Enerkem CEO
Investment
Enerkem raised C$40 million in a highly structured Convertible Note security enabling financing from BlackRock and Avenue Capital Group for Enerkem to meet its current capital needs.
Ancoris worked with Enerkem to navigate the market challenges to close transactions efficiently and expeditiously.
Enerkem completed a C$10 million follow-on financing of Senior Convertible Notes by Aegon.
Ancoris worked with Enerkem to navigate the market challenges onset by COVID-19 to close the transaction efficiently and expeditiously.
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