Enviva Partners, LP (NYSE:EVA) agreed to acquire Enviva Pellets Greenwood Holdings II, LLC from Enviva Holdings, LP for approximately $170 million on June 18, 2020. As per the terms, Enviva Partners will pay a cash consideration of $131.6 million and the assumption of a $40 million third-party promissory note bearing interest at 2.5 percent per year. The consideration is subject to adjustment. In a related transaction, Enviva Partners, LP entered into agreement to acquire Georgia Biomass Holding LLC from innogy SE (XTRA:IGY) for approximately $180 million. Enviva Partners announced that it has signed a purchase agreement with investors for the sale of $200 million in common units in a private placement to finance a portion of the combined purchase price of the acquisitions. As of June 23, 2020, the terms of the transaction were unanimously approved by the board of directors of Enviva Partners GP, LLC. The transaction is expected to close on or about July 1, 2020. The transaction is expected to be accretive drop-down acquisition. and Evercore Inc. (NYSE:EVR) acted as a financial advisor and Michael Swidler, Michael Rosenwasser, Michael Bresson and Matthew Kuryla of Baker Botts LLP served as legal counsel to the conflicts committee of the board of directors of the Enviva Partners' general partner. Caroline Blitzer Phillips, Tzvi Werzberger, Ryan Carney, Darren Tucker, Ramey Layne, Chris Mathiesen and Scot Dixon of Vinson & Elkins LLP served as legal counsel to Enviva Holdings. William Anderson of Bracewell represented Evercore.