Enviva Partners LP, the world's largest supplier of power generation wood pellets backed by Riverstone/Carlyle, announced terms for its IPO on Monday.
The Bethesda, MD-based company plans to raise $200 million by offering 10 million units at a price range of $19 to $21. At the midpoint of the proposed range, Enviva Partners LP would command a market value of $476 million.
Enviva Partners LP, which was founded in 2010 and booked $290 million in sales for the 12 months ended December 31, 2014, plans to list on the NYSE under the symbol EVA. Barclays, Goldman Sachs, RBC Capital Markets and Citi are the joint bookrunners on the deal. It is expected to price during the week of April 27, 2015.
