Paul Hastings Advises Advanced Biofuels Leader Gevo in Series D Financing
San Diego, CA (April 30, 2009) Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that the firm represented Gevo, Inc., a leading biofuels company, in raising a series D round of private investment led by Total, a major French oil and gas company, the Virgin Green Fund, Khosla Ventures, Malaysian Life Sciences Capital Fund, and Burrill & Company. The transaction closed on April 24, 2009.
We are very pleased to have Total as a strategic investor in Gevo, said Brett Lund, Vice President & General Counsel of Gevo, Inc. Totals investment in Gevo provides significant validation for the commercial promise of our technology.
Gevo is commercializing technology for the cost effective production of renewable, fungible hydrocarbons such as gasoline blendstocks, renewable jet fuel, and renewable diesel blendstocks. In addition to fuels, Gevos technology enables the production of a wide variety of chemicals and plastics such as polyacrylates and PETE from renewable sources.
Corporate partner Deyan Spiridonov led the Paul Hastings team, which included senior associate Teri OBrien.
We are delighted to have advised Gevo in this significant financing transaction, said Spiridonov. This transaction underscores Paul Hastings focus and commitment to serve clients who are leaders in the renewable energy space.
About Gevo, Inc.: Based in Denver, Colorado, Gevo is developing and commercializing technology to produce sustainable renewable hydrocarbons to serve the refining and chemical industry.
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