{"id":6150,"date":"2025-06-25T00:00:00","date_gmt":"2025-06-25T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-danimer-scientific-on-sale-to-teknor-apex\/"},"modified":"2026-06-25T08:33:08","modified_gmt":"2026-06-25T12:33:08","slug":"livingstone-advises-danimer-scientific-on-sale-to-teknor-apex","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/nl\/transaction\/livingstone-advises-danimer-scientific-on-sale-to-teknor-apex\/","title":{"rendered":"Livingstone Advises Danimer Scientific on Sale to Teknor Apex"},"content":{"rendered":"\n

Livingstone is pleased to announce the sale of substantially all assets of <\/strong>Danimer Scientific, Inc.<\/strong><\/a> (\u201cDanimer\u201d), a leading manufacturer of biodegradable and compostable bioplastics, to <\/strong>Teknor Apex<\/strong><\/a> Company, a global materials science company, pursuant to Section 363 of the U.S. Bankruptcy Code. Livingstone served as exclusive investment banker to Danimer in its Chapter 11 proceedings.<\/strong><\/p>

Headquartered in Bainbridge, Georgia, Danimer is a pioneer in the production of polyhydroxyalkanoate (PHA) materials \u2014 renewable, marine-degradable alternatives to traditional petroleum-based plastics \u2014 with applications across food service, packaging, and industrial sectors.<\/p>

In March 2025, Danimer filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware, seeking to restructure its balance sheet and transition its operations to a more sustainable cost base. At filing, Danimer faced liquidity pressures and project execution delays but retained significant strategic value through its IP portfolio, customer partnerships, and manufacturing facilities.<\/p>

Livingstone was engaged at the time of the Chapter 11 filing to lead an expedited sale process. The team quickly mobilized and engaged a targeted group of investors within a compressed timeline. The post-petition marketing process led to Teknor Apex entering into a stalking horse purchase agreement and ultimately emerging as the successful acquirer.<\/p>

\u201cWe are proud to have delivered a value-maximizing outcome that preserves Danimer\u2019s manufacturing platform, IP, and mission under the stewardship of a long-term strategic owner,\u201d<\/em> said Adam Green<\/strong><\/a>, Managing Director at Livingstone<\/strong>.<\/p>

This engagement builds on Livingstone\u2019s extensive experience advising industrial companies through special situations, including 363 sales, distressed M&A, and complex carve-outs.<\/p>

Danimer Scientifc was advised by Livingstone Partners LLC as Investment Banker, Vinson & Elkins LLP as Legal Counsel, and AlixPartners, LLP as Financial Advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"

Section 363 Sale of Sustainable Bioplastics Innovator<\/p>\n","protected":false},"featured_media":2454,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-6150","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1046,986,990],"date":"20250625","client_type":55,"type":[1086],"region":[366],"services":[430],"sectors":[580,1173,1177],"related_transactions":"","related_testimonials":"","contacts":""},"yoast_head":"\nLivingstone Advises Danimer Scientific on Sale to Teknor Apex - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/livingstonepartners.com\/nl\/transaction\/livingstone-advises-danimer-scientific-on-sale-to-teknor-apex\/\" \/>\n<meta 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