Through the acquisition of its Energy business unit, a provider of turnkey, fleet-scale, high-power charging solutions and software for commercial-grade electric vehicle fleets, Sidley is expanding its integrated electric bus business, Anselion Capital Holdings (formerly Cowen Sustainable Investments) was successfully led. The acquisition was made pursuant to a Chapter 11 reorganization plan confirmed by Judge Brendan L. Shannon on March 6, 2024 in the Chapter 11 bankruptcy case of Proterra and its subsidiaries in U.S. Bankruptcy Court. Funds managed by Anselion Capital served as the plan sponsor for the finalized Chapter 11 plan.
Sidley also sued Anselion Capital in the Proterra bankruptcy case regarding a second lien loan to Proterra in the approximate principal amount of US$177.2 million, plus certain interest, fees, insurance premiums, and other amounts owed. I gave advice. Pursuant to Proterra's confirmed Chapter 11 Reorganization Plan, the full amount of Anselion Capital's loan granted under the Chapter 11 Plan, less the purchase price of the Energy Division, was repaid in cash.
The Sidley team was led by Thomas R. Califano, Dennis M. Toomey, and Jackson T. Garvey (all of whom were reorganizing). John H. Butler (M&A and Private Equity). Also included was Elizabeth Shea Fries (Investment Fund). Rachel D. Kleinberg (Taxation); Ram Bershtin (Global Finance); George J. Vlahakos (Energy and Infrastructure); John J. Kuster and Jon Muenz (Commercial Litigation and Disputes). Megan Quejada, Juliana Hoffman, Amanda Lahier (all rearranged). E. Kyle Burnett (Technology and Life Sciences Transactions); Joshua J. Lim (M&A and Private Equity);