N.prior energy and Prokon Nord have been acquired by NOW Nordsee-Offshore-Wind GmbH

Melikertes GmbH has sold N.prior energy GmbH, Prokon Nord Energiesysteme Elbewerk GmbH and Co KG to NOW Nordsee-Offshore-Wind GmbH for US$14 million.

N.prior energy GmbH, Prokon Nord Energiesysteme Elbewerk GmbH and Co KG are a bioethanol facility, grain crushing facility and waste-to-energy plant located in Stade, Germany.

NOW Nordsee-Offshore-Wind GmbH is an engineering company located in Aurich, Germany.

Melikertes GmbH is a financial leasing institute based in Vienna, Austria.

Oaklins' team in Austria was mandated in 2012 by the seller to make a company valuation of the target to determine potential purchase price and to undergo a market sounding to identify potential investors during an ongoing insolvency process. Based on the outcome of the market sounding, the team was mandated to assist in the sale process together with the insolvency administrator. Oaklins' team structured a potential transaction between the secured creditor, the insolvency administrator and the potential buyer. The buyer finally brought in cash, real estate as well as machinery and equipment for the bioethanol plant, crushing mill and waste-to-energy plant as an asset deal.