Renewable Energy Group Acquires Imperium Renewables for $42,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5bc98723-129b-482f-a0ea-cf2cd5d60aa8 - Date
8/5/2015 - Company Name
Imperium Renewables - Mailing Address
568 First Avenue South Seattle, WA 98104 USA - Company Description
Imperium Renewables Inc. (IRI) is a national leader in next generation biodiesel refining and manufacturing technology. IRI is a technology driven producer and provider of biodiesel. - Website
http://www.imperiumrenewables.com - Transaction Type
M&A - Transaction Amount
$42,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
Under the terms of the agreement, REG will pay Imperium $15 million in cash and issue 1.5 million shares of REG common stock in exchange for substantially all of Imperium’s assets. In addition to these payments, REG will pay either $1.75 million in cash or 175,000 shares of REG common stock at closing as elected by REG. For two years post-closing, Imperium may receive up to a $0.05/gallon payment for biomass-based diesel produced and sold. In addition at closing, Imperium will retain its net working capital value of approximately $25 million.
