CMA was engaged to run the sale process and auction of Abengoa Bioenergy’s U.S. ethanol facilities, leveraging its deep biofuels industry expertise, strong relationships across the strategic and financial buyer universe, and proven track record maximizing value in distressed situations. CMA created an exceptionally competitive process, contacting more than 250 potential buyers and facilitating diligence for over 80 interested parties. Robust bidding activity led to strong outcomes across all facilities, including Green Plains acquiring the Madison, IL and Mt. Vernon, IN plants for $200 million and overbidding the stalking horse offer for York, NE; KAAPA purchasing Ravenna, NE for $115 million (nearly 80% above prior valuation); and ICM acquiring Colwich, NE after outbidding multiple qualified bidders. The auction process delivered approximately $400 million in total value to the Abengoa estate. Notably, the three largest operating plants, historically viewed as less desirable due to their production technologies, sold materially above original valuations, validating CMA’s market assessment and demonstrating the effectiveness of its competitive sale strategy.