IMAP advises HEM on the sale of a majority stake to LCI Education
IMAP Morocco advised on the sale of an 85% stake in HEM, the leading Moroccan business school, to LCI Education, based in Montreal.
Amherst Partners, LLC (“Amherst”) is pleased to announce the sale of the Fremont Community Digester (“Fremont”) to Generate Fremont Digester, LLC.
Amherst’s Restructuring Advisory Group acted as courtappointed receiver and exclusive financial advisor in connection with the transaction.
About Fremont Community Digester
Fremont Community Digester is a stateoftheart biodigester plant located in Fremont, Michigan. Fremont uses an anaerobic digestion process to convert organic waste from food processing plants into biogas, which is used to generate electricity that is sold under contract to a large, local utility company. The organic material that remains following the digestion process is used as fertilizer. An attractive source of clean energy production, Fremont benefits from multiple revenue streams, including (i) food processing companies paying to dispose of their organic waste, and (ii) electricity sales to a local utility.
About the Engagement
Fremont Community Digester opened in 2012 to widespread praise as the first large facility in Michigan to take organic waste from food processing companies and turn it into renewable energy. After a brief period of operation, the facility closed in 2015. Later that same year, Amherst was appointed receiver by the Newaygo County Circuit Court. Amherst developed a plan to secure and maintain the facility, and began the process of selling the asset. After contacting numerous domestic and global buyer candidates, Amherst was able to identify a buyer that focuses specifically on renewableenergy businesses and possesses the financial resources necessary to invest in the renovations that will allow Fremont to reopen and resume operations.
IMAP Morocco advised on the sale of an 85% stake in HEM, the leading Moroccan business school, to LCI Education, based in Montreal.
Read the speech given by Jurgis Oniunas, the Founding Partner of IMAP SEE and Chairman of IMAP, at the 15th anniversary and re-branding party of IMAP's partner company Ascendant Capital Advisors (now IMAP Southeast Europe) in Zagreb, Croatia on the 6th December 2018.
Jacob Voorhees, Head of Global M&A at IMAP’s US partner firm Capstone Headwaters, has been elected Vice Chairman of Barcelona-based international merger and acquisition partnership, IMAP Inc.