Case Studies
US Subsidiary of German Multinational
Manufacturing & Alternative Energy

SITUATION
- Chiron was engaged by the US subsidiary (the “Company”) of a German multinational manufacturer to provide Fairness and Solvency Opinions under a compressed timeframe
- The Company has the first and largest facility producing massive structural elements for offshore wind turbines in the US
- These Opinions were an integral, final piece of a settlement transaction with the Company’s primary lender, an EU-headquartered, multinational alternative energy company
- In conjunction with issuing the Opinions, Chiron reviewed (amongst other items) the Settlement Documents, Debt Agreements, Appraisals, Equipment Sales Documents, and a Cash Forecast through the solvency period required in the Settlement Agreement
OUTCOME
- Chiron worked under a compressed timeframe with the Company to understand the complex transaction involving many Government Agencies and other intricacies to confidently and competently issue the Opinions required in the Settlement Agreement
- Chiron worked with the Company, its counsel, the lender and the lender’s counsel to produce a report that satisfied the needs of all parties and provide comfort to the parties about the viability and legitimacy of the various pieces of the transaction.