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Sahir Surmeli

  • Represented XL Fleet (NYSE: XL), a leader in vehicle electrification solutions for commercial and municipal fleets, in its completed merger with SPAC Pivotal Investment Corporation II, a special purpose acquisition company. XL Fleet’s market capitalization as of the close of trading on the NYSE on the date of closing was over $2 billion.  The deal delivered $380 million of gross proceeds, including a $150 million PIPE investment and an additional $230 million of proceeds from the Pivotal trust.
  • Advised underwriters of $207 million SPAC IPO (initial public offering) of Environmental Impact Acquisition Corp., a special purpose acquisition company sponsored by an affiliate of Canaccord Genuity.
  • Represented Aspen Aerogels, a developer of energy infrastructure and electric vehicle battery technologies, in connection with an at-the-market (ATM) offering of up to approximately $35 million
  • Represented C&S Wholesale Grocers in its $400 million senior notes offering under Rule 144A.
  • Represented NYSE-listed Aspen Aerogels, a developer of energy infrastructure and electric vehicle battery technologies,  in connection with an underwritten offering.   
  • Represented electronic manufacturing services business in sale to private equity firm.
  • Represented InfraRed Capital Partners in establishing energy storage company, Hectate Grid, a joint venture with Hectate Energy.
  • Represented NYSE-listed Aspen Aerogels in its strategic partnership with BASF.
  • Represented Spring Lane Capital in its investment in Aries Clean Energy.
  • Represented Edenred North America, a subsidiary of Euronext-listed Edenred SA, in establishing NutriSavings joint venture.
  • Represented Nasdaq-Listed The ONE Group Hospitality in its proposed acquisitions to purchase additional restaurant brands.
  • Represented NBD Nanotechnologies in joint development agreements and Series A and Series B financings.
  • Represented industrial wastewater treatment and desalination provider Gradiant Corporation in establishing a standalone oilfield services company with Turnbridge Capital.
  • Represented WAVE Equity Partners in its investments in American Aerogel, Lionano, Heatworks, Intellihot, CHASM and Living Greens Farm.
  • Represented SSC Venture Partners in forming its first fund.
  • Represented GreatPoint Energy in its $1.25 billion financing and joint venture with China-based Wanxiang Holdings; selected as Greentech Media’s Deal of the Year.
  • Represented Aspen Aerogels in its $82.5 million IPO on the NYSE.
  • Represented EnerNOC, Inc. in its IPO and follow-on offerings ($97 million, $108 million, and $97 million, respectively)
  • Represented the underwriters in the IPO of Ameresco on the NYSE.
  • Served as counsel to Canaccord Genuity and Barclays in follow-on public offering of BioAmber.
  • Represented Nasdaq-listed The ONE Group Hospitality in rights offering, registered direct offering, and debt financings.
  • Represented significant minority holder in global retail business.
  • Advised ACE Surgical Supply in its strategic arrangements with NYSE-listed Henry Schein.
  • Represented underwriters in the IPO of Dicerna Pharmaceuticals.
  • Served as counsel to Canaccord Genuity in $32.5 and $37.4 million follow-on public offerings for Rubicon Technology.
  • Represented e-commerce platform Blueport Commerce in financing and partnership matters.
  • Represented Canaccord in Televent GIT, S.A. follow-on public offerings ($66 million and $115 million, respectively).
  • Represented data analytics company Resilient Ops in its Seed Financing.
  • Represented ChyronHego in its acquisition of Dutch broadcast software solutions provider VidiGo.
  • Represented FalconAI in its formation and Seed Financing.
  • Represented underwriters in 144A offering by a casino company.
  • Represented C&S Wholesale Grocers in its 144A offering of $400 million senior secured notes.
  • Represented underwriters in private placements by US national retail chain.
Case Study
The Mintz team accomplished this negotiation through its long-standing relationship with Aspen, which dates back to 2010, and its comprehensive understanding of the company’s goals. Mintz represented Aspen during its initial public offering (IPO) as well as through numerous additional financings and strategic partnerships targeting new product and market opportunities.
Case Study
Mintz’s SPAC Practice and Energy & Sustainability team advised Canaccord Genuity in the $207 million initial public offering (IPO) of Environmental Impact Acquisition Corp. Trading on the Nasdaq Capital Market under the ticker symbol “ENVIU,” the company will partner with businesses that generate positive environmental impacts.
Case Study
Mintz represented XL Fleet in its merger with Pivotal Investment Corp. II, a publicly traded Special Purpose Acquisition Company (SPAC). XL Fleet plans to use the approximately $350 million in cash proceeds from the transaction to develop products to accelerate the electrification of fleet vehicles.
Case Study
Mintz’s COVID-19 Compliance & Enforcement Defense Task Force is closely monitoring and advising clients on criminal and civil enforcement actions related to the COVID-19 relief programs.
Case Study
Mintz’s Energy & Sustainability Practice conceived and helped create regional business association NECEC, which is the Northeast Clean Energy Council and NECEC Institute. Mintz has assisted NECEC with formations and other legal work, strategy, and educational programming, for more than a decade.
Case Study
Mintz partnered with private equity firm Spring Lane Capital to develop a novel project financing model. Mintz also provided legal guidance on Spring Lane’s first investments, including a vehicle to finance the equity portion of waste gasification project deals.
Case Study
Mintz helped long-term client Aspen Aerogels expand its strategic partnership with BASF. The new partnership terms include a supply agreement for one of Aspen’s insulation products and financing to help Aspen expand its capacity and develop new aerogel products.
Case Study
Mintz has represented product coating and additive maker NBD Nano since 2013 on matters including financings led by Phoenix Venture Partners and BASF. Mintz also assists NBD with joint development agreements.