ACG Houston Announces Chiron Financial as Finalist for Deal of the Year
Chiron was nominated in the category utility, power, and infrastructure deal of the year for its Iluminar engagement.
Chiron Financial LLC (“Chiron”) was presented as a finalist for ACG’s Deal of the Year award in the utilities, power, and infrastructure category for its Iluminar deal, which closed last year. The Iluminar Energy LLC engagement served as one of Chiron’s top deals closed in 2021.
Iluminar Energy LLC, a privately-held retail electric provider in ERCOT, required a quick sales from the market due to debts incurred resulting from Winter Storm Uri. Chiron stepped up to the plate, engaging as both Investment Banker and Financial Advisor, and worked with Iluminar and its major creditors to provide the quickest and best solution for all parties.
Chiron quickly prepared Iluminar for sale, contacting hundreds of potential buyers (small and large REPs, private equity, energy trading houses). The sale was completed outside of bankruptcy process and provided additional proceeds for creditors.
The entire process from engagement to signing and closing was completed in less than three weeks.