Thomas R. Burton, III
- Represented Boston Metal, a developer of Molten Oxide Electrolysis (MOE) technology enabling zero-carbon steel production, in all of its equity financings, including its $20 million Series A led by Breakthrough Energy Ventures, The Engine, and Prelude Ventures; its $50 million Series B; and its $262 million Series C led by ArcelorMittal.
- Represented S2G Investments, a multistage investment firm focused on venture, growth-equity, and growth-stage businesses across food and agriculture, oceans, and energy, in its $40 million Series B financing of Sojo Industries, an industrial automation company that utilizes robotics, mobility, and software to deliver packaging and assembly solutions to the food and beverage industry.
- Represented Activate Capital in its investments in Swimlane, Inc., Aerones, and Tomorrow.io, a $250 million weather and climate forecasting platform.
- Represented Perch Energy (f/k/a BlueWave Community Solar), a clean energy technology platform and community solar servicer, in its joint venture with Arcadia to manage 3+ GW of community solar capacity and 350,000+ subscribers across 16 states, and separately in its Series B financing led by Nuveen.
- Represented NET Power in a business combination/de-SPAC to create a $1.5 billion company with the world’s first scalable clean, reliable, low-cost natural gas-to-power solution with near zero-emissions.
- Represented Titan Advanced Energy Solutions, a battery management technology company developing systems to increase charge capacity and extend battery life, in its $10 million Series A financing led by Schneider Electric Ventures (SEV) and Energy Innovation Capital (EIC), and in its subsequent $33 million Series B financing.
- Represented Gradiant, a leading global cleantech water treatment solutions provider, in multiple financings, including its $225 million Series D led by BoltRock Holdings and Centaurus Capital.
- Represented Purpose Energy in a platform investment by Quinbrook Infrastructure committing $100 million to finance its projects.
- Represented Antora Energy in a joint venture equity investment by Australian investor Angostura Partnership in connection with a thermal batteries project.
- Represented Source Global in its acquisition of Proud Source Water, Inc. and its $130 million Series D financing led by Breakthrough Energy Ventures and Drawdown Fund.
- Represented ZwitterCo, Inc., a water treatment and separation solutions company, in its $33.4 million Series A financing and its $58.4 million Series B financing led by Evok Fund and DCVC.
- Represented Cultivo, a climate-focused fintech investment platform, in its $540,000 Series A financing led by MassMutual Ventures Climate Technology Fund I LP and OETF US Holdings, Inc., and its subsequent $14 million Series A financing led by MassMutual Ventures and Octopus Limited.
- Represented Mantel, a carbon capture technology company using molten borates, in its Series A investment led by Shell Ventures and ENI Next, and in a subsequent SAFE financing.
- Represented Logical Buildings, a leading smart building software and solutions company, to close a $110 million “first of its kind” energy efficiency joint venture with Keyframe Capital.
- Represented a leading clean power producer and energy storage company, in the formation of a joint venture to develop, build, own, and operate one of the first offshore wind projects in the NY Bight lease area.
- Represented BlueWave, a solar and energy storage developer, in its sale to Axium Infrastructure, an infrastructure investment management firm with a deep North American renewables portfolio.
- Represented Bank of America as lead underwriter in a $140 million public offering of Ameresco, Inc. (NYSE: AMRC).
- Represented Greentech Capital Advisors Securities (now Nomura Greentech) as financial advisor to TerraForm Global with the acquisition by Brookfield Renewable Partners valued at $2.4 billion.
- Represented Aspen Aerogels in its $82.5 million Initial Public Offering.
- Represented Greentech Media, Inc. in the sale of its business to Woods Mackenzie (Verisk Analytics, Inc.).
- Represented Cambrian Innovation, Inc. in Series B preferred stock financing and sale of Pennybacker Capital of $200 million.
- Represented XL Hybrids, a hybrid vehicle company in its merger with SPAC, Pivotal Investment Corporation II (NYSE: PIC), a special purpose acquisition company (SPAC). The combined company will be named XL Fleet and will be listed on the New York Stock Exchange. The merger values XL at $1 billion.
- 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 EnerNOC, Inc., now Enel X, in its IPO and follow-on offerings ($97 million, $108 million, and $97 million, respectively).
- Formation of New England Energy Innovation Collaborative (now the Northeast Clean Energy Council).
Case Study
Mintz represented S2G Investments in its $40 million Series B financing of Sojo Industries.
Case Study
Mintz represented Granata Bio Corporation, a biopharma company focused on invigorating the $3.6 billion global infertility medication market, in its $15 million Series A+ funding round.
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Mintz analyzed PitchBook data to produce an in-depth report on the record rise in special purpose acquisition company (SPAC) fundraising in the US since 2020 and the recent increase in SPAC merger activity. We also explore how SPACs could evolve and litigation challenges to SPAC IPOs and transactions.
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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.
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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.
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Mintz advised Oberon Fuels, a developer of an ultra-low-carbon fuel known as renewable dimethyl ether (rDME), on a strategic collaboration with propane fuel distributor SHV Energy. The agreement will help Oberon scale up its pilot facility to produce the first rDME fuel in the United States.
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Read about ideas for cutting greenhouse gas emissions in the Northeast by 80% by 2050 and related challenges discussed at a summit co-hosted by Mintz, the Northeast Clean Energy Council, and The Brattle Group.
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Mintz represented Boston Metal, a producer of industrial-scale, zero-emissions metals, in its $20M Series A Financing led by Breakthrough Energy Ventures and with Prelude Ventures and The Engine.
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Mintz represented Vermont Transco LLC, and its manager the Vermont Electric Power Company (together, VELCO) in a joint venture with IBM to create analytics start-up Utopus Insights. Within a year, wind turbine manufacturer Vestas acquired Utopus for $100 million.
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Mintz advises Cambrian Innovation on venture capital funding, general corporate matters, project finance, employment matters, and more — leveraging exceptional industry insight, start-up experience, and innovative thinking.
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Mintz’s Energy & Sustainability Practice conceived and helped create regional business association ACT, which is the Alliance for Climate Transition. Mintz has assisted ACT 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.