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Sahir Surmeli

Member / Co-chair, Energy & Sustainability Practice

SSurmeli@mintz.com

+1.617.348.3013

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Sa is a highly skilled and versatile business counselor who advises companies, boards, entrepreneurs, investment banks, and venture and private equity investors, as they build and grow companies. He handles public offerings, SPAC transactions, 144A and private financings, acquisitions, joint ventures, and strategic partnerships. Sa guides public and private companies and investors, primarily in the energy and sustainability, technology, materials science, hospitality, retail, and life sciences industries. Known as a problem-solver, Sa executes transactions with creative structures to address new opportunities in finance and development of new markets by clients in partnership with global corporations. He also helps entrepreneurs secure financing, commercial agreements, and partnerships.

Sa represents emerging growth and established energy technology, information technology, life sciences, and retail companies; investors and investment banks in public offerings; SPAC transactions; 144A offerings and other private financings; mergers & acquisitions; joint ventures; and strategic partnerships. Sa is listed among the Top 100 Cleantech & Renewables Lawyers by Euromoney’s LMG Cleantech & Renewable Energy. He was also named a Massachusetts Super Lawyer in 2014, 2015, 2016, and 2017.

Sa is a senior member of the firm’s Securities Practice Group and Technology Practice Group and serves as Co-chair of the firm's Energy & Sustainability Practice. The firm’s Energy & Sustainability Practice has completed more than 500 transactions across energy sectors totaling over $10 billion since 2006. Serving more than 250 clients, spanning the ecosystem from emerging companies to large corporations, venture capital and private equity funds, investment banks, project developers, and family offices, the firm is recognized nationally as a leading law firm in the space.

Sa has worked on a wide variety of capital-raising projects, including equity, debt, syndicated loan, strategic investment, and structured finance offerings, with aggregate proceeds of more than $10.6 billion. He has extensive experience in corporate finance and securities law as well as mergers and acquisitions. Sa represents issuers, underwriters, initial purchasers, and placement agents in public and private equity offerings, debt offerings (particularly high-yield, but also investment grade), bank financings, leveraged buyouts, securitizations, and related transactions as well as private equity funds in leveraged buyouts. He is also a key contributor to MintzEdge, an online resource for entrepreneurs that includes useful tools and information for starting and growing a company.

Sa has an MBA in corporate finance and focuses on adding value in complex financing structures and helping younger companies navigate the challenges of the public and private markets. He handles projects in a broad range of sectors, including energy and clean technology, information technology, telecommunications, materials technology, biotech, aerospace, semiconductor, retail, and hospitality. He also has extensive international experience — he previously practiced in New York, Tokyo, and Hong Kong and now works from the Boston office of Mintz. He has represented clients in the United States, Australia, Canada, China, France, Germany, Japan, Korea, the Netherlands, Turkey, the United Kingdom, and elsewhere.

Education

  • University of Chicago (MBA)
  • University of Chicago (JD)
  • Johns Hopkins University (BA)

Experience

  • Represented XL Fleet (NYSE: XL), a leader in vehicle electrification solutions for commercial and municipal fleets, in its completed merger with SPAC Pivotal Investment Corporation II, a special purpose acquisition company. XL Fleet’s market capitalization as of the close of trading on the NYSE on the date of closing was over $2 billion.  The deal delivered $380 million of gross proceeds, including a $150 million PIPE investment and an additional $230 million of proceeds from the Pivotal trust.
  • Advised underwriters of $207 million SPAC IPO (initial public offering) of Environmental Impact Acquisition Corp., a special purpose acquisition company sponsored by an affiliate of Canaccord Genuity.
  • Represented Aspen Aerogels, a developer of energy infrastructure and electric vehicle battery technologies, in connection with an at-the-market (ATM) offering of up to approximately $35 million
  • Represented C&S Wholesale Grocers in its $400 million senior notes offering under Rule 144A.
  • Represented NYSE-listed Aspen Aerogels, a developer of energy infrastructure and electric vehicle battery technologies,  in connection with an underwritten offering.   
  • Represented electronic manufacturing services business in sale to private equity firm.
  • Represented InfraRed Capital Partners in establishing energy storage company, Hectate Grid, a joint venture with Hectate Energy.
  • Represented NYSE-listed Aspen Aerogels in its strategic partnership with BASF.
  • Represented Spring Lane Capital in its investment in Aries Clean Energy.
  • Represented Edenred North America, a subsidiary of Euronext-listed Edenred SA, in establishing NutriSavings joint venture.
  • Represented Nasdaq-Listed The ONE Group Hospitality in its proposed acquisitions to purchase additional restaurant brands.
  • Represented NBD Nanotechnologies in joint development agreements and Series A and Series B financings.
  • Represented industrial wastewater treatment and desalination provider Gradiant Corporation in establishing a standalone oilfield services company with Turnbridge Capital.
  • Represented WAVE Equity Partners in its investments in American Aerogel, Lionano, Heatworks, Intellihot, CHASM and Living Greens Farm.
  • Represented SSC Venture Partners in forming its first fund.
  • Represented GreatPoint Energy in its $1.25 billion financing and joint venture with China-based Wanxiang Holdings; selected as Greentech Media’s Deal of the Year.
  • Represented Aspen Aerogels in its $82.5 million IPO on the NYSE.
  • Represented EnerNOC, Inc. in its IPO and follow-on offerings ($97 million, $108 million, and $97 million, respectively)
  • Represented the underwriters in the IPO of Ameresco on the NYSE.
  • Served as counsel to Canaccord Genuity and Barclays in follow-on public offering of BioAmber.
  • Represented Nasdaq-listed The ONE Group Hospitality in rights offering, registered direct offering, and debt financings.
  • Represented significant minority holder in global retail business.
  • Advised ACE Surgical Supply in its strategic arrangements with NYSE-listed Henry Schein.
  • Represented underwriters in the IPO of Dicerna Pharmaceuticals.
  • Served as counsel to Canaccord Genuity in $32.5 and $37.4 million follow-on public offerings for Rubicon Technology.
  • Represented e-commerce platform Blueport Commerce in financing and partnership matters.
  • Represented Canaccord in Televent GIT, S.A. follow-on public offerings ($66 million and $115 million, respectively).
  • Represented data analytics company Resilient Ops in its Seed Financing.
  • Represented ChyronHego in its acquisition of Dutch broadcast software solutions provider VidiGo.
  • Represented FalconAI in its formation and Seed Financing.
  • Represented underwriters in 144A offering by a casino company.
  • Represented C&S Wholesale Grocers in its 144A offering of $400 million senior secured notes.
  • Represented underwriters in private placements by US national retail chain.

Recognition & Awards

  • The Social Shake-Up: Movers and Shakers Award (2018)
  • JD Supra: Top Author, Readers' Choice Awards – Defense & Space (2017), Construction (2017), and Energy (2017, 2019)
  • Euromoney’s LMG Cleantech & Renewable Energy: Top 100 Lawyers in CleanTech
  • Euromoney’s LMG Cleantech & Renewable Energy: Top 10 Clean Technology and Renewables Law Firm
  • Watershed Capital Group: #2 US Clean Technology law firm
  • Wunder Capital: 100 People Shaping Cleantech on Twitter (2015)
  • Included on the Massachusetts Super Lawyers list: Securities & Corporate Finance; Energy & Resources (2014 – 2020)
  • Greater Boston Chamber of Commerce: Boston's Future Leaders (2008)

Involvement

  • Member, Innovation Task Force of the Northeast Clean Energy Council
  • Member, MIT Energy Club
  • Judge, Cleantech Open Northeast Regional Finals (2012, 2013, 2014, 2015, 2016)
  • Judge and Mentor Committee member, Ignite Clean Energy: MIT Enterprise Forum Business Plan Competition (2007, 2008, 2009)

Viewpoints

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Energy & Sustainability Client Feature: Gradiant

May 6, 2021 | Article | By Thomas R. Burton, III, Sahir Surmeli

In this month’s newsletter, we are thrilled to feature Gradiant, a technology-driven, end-to-end wastewater treatment solution provider. With a robust product portfolio and proven technical and operational expertise, Gradiant provides desalination, brine concentration, and industrial recycling solutions that enable sustainable and cost-effective water treatment, achieving eco-friendly industrial growth. The company serves customers across the globe via its corporate headquarters in Boston, Massachusetts, its research and development facility in Singapore, and its operating subsidiaries in India, China, Australia, Saudi Arabia, Malaysia, and the American Southwest.
Read more
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Energy & Sustainability M&A Activity — May 2021

May 6, 2021 | Article | By Thomas R. Burton, III, Sahir Surmeli

Read about the latest round of M&A activity in the energy and sustainability space. Read here.
Read more
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Energy & Sustainability Connections Newsletter – May 2021

May 6, 2021 | Article | By Thomas R. Burton, III, Sahir Surmeli

The May newsletter features a story on public benefit corporations and the SPAC surge, wastewater treatment innovator Gradiant, recent M&A activity, policy updates from Washington, and upcoming industry events.
Read more
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Energy & Sustainability Event Highlights — May 2021

May 6, 2021 | Article | By Thomas R. Burton, III, Sahir Surmeli

Don’t miss this month’s exciting virtual events, including a webinar series explaining the importance of energy storage solutions. Learn more here.
Read more
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SPAC Chat Ep. 4: Litigation Update: Preparing for the Next Wave of Suits Against SPACs

April 27, 2021 | Podcast | By Jeffrey Schultz, Sahir Surmeli

It seems that everyone is taking a second look at SPACs as the number of lawsuits against these alternative IPOs continues to increase by the day.
Read more
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Energy & Sustainability Event Highlights — April 2021

April 13, 2021 | Article | By Thomas R. Burton, III, Sahir Surmeli

Don’t miss this month’s exciting virtual events, including CGEP’s Women in Energy Roundtable.
Read more
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Energy & Sustainability Client Feature: Nuvve Corporation

April 13, 2021 | Article | By Thomas R. Burton, III, Sahir Surmeli

In this month’s newsletter, we are thrilled to feature Nuvve Holding Corp. (Nasdaq: NVVE), (“Nuvve”), a vehicle-to-grid (V2G) technology company that has launched successful V2G projects on five continents and deploys commercial services worldwide.
Read more
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Energy & Sustainability Connections Newsletter – April 2021

April 13, 2021 | Article | By Thomas R. Burton, III, Sahir Surmeli

The April newsletter covers the SEC’s tips for private companies considering SPAC transactions, Nuvve Corporation, recent M&A activity, energy policy news from Washington, and upcoming industry events.
Read more
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Energy & Sustainability M&A Activity – April 2021

April 13, 2021 | Article | By Thomas R. Burton, III, Sahir Surmeli

Read about the latest round of M&A activity in the energy and sustainability space.
Read more
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SEC Discloses Its Recommendations on Key Issues for Private Companies Weighing SPAC Transactions

April 2, 2021 | Blog | By Thomas R. Burton, III, John Sylvia, Sahir Surmeli, Patrick E. McDonough

Read more

News & Press

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JD Supra has recognized Mintz in its 2017 Reader’s Choice awards, highlighting the most widely read authors and articles over the past year. Eleven Mintz attorneys were named JD Supra Top Authors in four industries and Mintz was recognized as the Top Firm with readers in the Energy Industry.
Fifty-three Mintz attorneys have been named Massachusetts Super Lawyers for 2016 and thirty-one have been named Massachusetts Rising Stars. The findings will be published in the November 2016 issue of Boston Magazine and in a stand-alone magazine, New England Super Lawyers. 
Thomas R. Burton III and Sahir Surmeli, Co-Chairs of the Energy Technology Practice at Mintz, will serve on a panel of judges at the 2016 Cleantech Open Northeast Regional Finals. Mr. Burton and Mr. Surmeli will join a panel of six judges.

Events

Speaker
Sep
26
2019

Powering Up Indoor Farming

CleanTechIQ

Wells Fargo Learning Center, 150 E 42nd St., New York, NY 10017

Speaker
Speaker
May
28
2015
Speaker
Mar
23
2015