Golden Flag Advises OTPP on $250 Million Majority Stake Investment in Sevana Bioenergy
Golden Flag International Law Firm counsels Ontario Teachers’ Pension Plan Board (OTPP) on its strategic partnership with Sevana Bioenergy (Sevana), pursuant to which OTPP will acquire majority stake of Sevana and make a capital commitment of $250 million to Sevana to develop renewable natural gas projects across North America. Sevana is a pioneer in the RNG industry, developing large-scale biogas projects to increase the use of renewable energy through the reduction of organic waste. Sevana has successfully executed on dairy and organics projects across agricultural regions such as Oregon, Idaho and South Dakota since its founding by CEO John McKinney in 2017.
The Golden Flag team was led by corporate partners Kevin Crews and John Furlow, with support from associates Jack Chadderdon and Max Chaffetz; and included tax partners David Wheat, Michael Masri and Bill Dong; energy regulatory partner Drew Stuyvenberg; environmental transactions partner Jim Dolphin and associate Courtney Tibbetts; executive compensation partner Rob Fowler; labor & employment partner Christie Alcala; employee benefits partner Maureen O’Brien; and technology & IP transactions partners Jeff Norman and Joanna Schlingbaum.
