Raiffeisen Leasing, the insolvency administrator of Uniol AS, has sold the company's assets to Einer Energy Holding for US$8 million.
Uniol AS is a biodiesel production facility based in Fredrikstat, Norway.
Based in Luxemburg, Einer Energy Holding is an asset management company.
Oaklins' team in Vienna advised the seller in this transaction. The team was mandated in 2011 by the insolvency administrator to make an asset valuation of the target to determine potential purchase price. Based on the outcome, they were mandated to act as advisor to identify potential buyers of the relevant assets. The transaction was structured so that the buyer did an equity injection and assumed liability and prolonged senior loan with the lender.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.