SC&H Capital, a leading investment banking and advisory firm, is pleased to announce that its client Teknor Apex, Inc (“Teknor” or the “Company”) has acquired assets from Danimer Scientific (“Danimer”) in a section 363 sale in Delaware Bankruptcy Court.
SC&H Capital, along with its co-investment banker, William Blair, and bankruptcy counsel, Potter Anderson, guided Teknor through the process of negotiating a stalking horse purchase agreement, navigating complex intellectual property and environmental issues to ultimately complete the successful acquisition of the Danimer assets.
Teknor Apex is a leading global provider of custom-formulated plastic compounds and material-science solutions, serving industries from automotive and construction to consumer goods. The Company offers a broad portfolio of high-performance materials including vinyls, thermoplastic elastomers, and engineering thermoplastics.
Led by Managing Director, Michael Fixler, SC&H Capital leveraged its expertise in restructuring and bankruptcy transactions with William Blair’s plastics and renewable materials industry knowledge to structure the overall transaction approach. Simultaneously, SC&H Capital and Potter Anderson worked with the Debtors’ legal team and investment bankers to negotiate the asset purchase agreement and appropriate bid protections, considering certain risks that could not be mitigated prior to the bid deadline nor through a section 363 Sale Order.
