Saturday, June 15, 2024 | Baltimore, MD

Bethesda biofuel company Enviva to raise $250M in PIPE transaction

March 2, 2023

Enviva Inc. (NYSE: EVA), a Bethesda biofuel company that manufactures and distributes wood pellets that are burned to produce heat and energy, said Wednesday it is raising $250 million in a private investment in public equity, or PIPE, deal. The PIPE transaction is being led by affiliates of Enviva’s two largest shareholders: Riverstone Holdings LLC and Inclusive Capital Partners, both of New York. Rio de Janeiro’s BTG Pactual is also participating, according to the Bethesda company.

Article Source: Washington Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.