The managing partners of Claeris bring more than 80 years of professional experience to creating businesses focused on the development and operation of environmentally-responsible production facilities. They have compiled an unmatched track record of success, including the world’s largest project financed ethanol development, a highly successful MLP, and the world’s first commercial-scale renewable chemical and advanced biofuels production facility.

 
  David N. Black
 
David N. Black is a founder and managing partner of Claeris Development, LP (“Claeris”), a project development company based in Dallas, Texas focused exclusively on the production of ultra-clean lubes, chemicals, and fuels. Mr. Black, together with Michael Slaney, is a co-founder of several successful platform companies in the cleantech industry. Mr. Black is responsible for corporate development, strategic planning, corporate finance and capital investment at Claeris and has also performed these functions at each of the platform companies. Mr. Black has over 25 years of business and project development, consulting, and investment banking experience, both as a principal and as an adviser.

Prior to entering industrial development in 2004, Mr. Black was a partner with Deloitte & Touche for eight years and served as the co-head of the national corporate finance management consulting practice. At Deloitte, Mr. Black lead numerous acquisition, divestiture, and capital raise assignments and served on several national committees including strategic planning, partner selection, and management training. Mr. Black has extensive international experience across Mexico and Latin America, Canada, China, Former Soviet Union, Western Europe, Eastern and Central Europe. Mr. Black has worked with the World Bank and the US Agency for International Development to advise government agencies and officials on the restructuring and capitalization process internationally.

Mr. Black was a chartered financial analyst, a certified public accountant, and was registered with the NASD with series 7, 63, and 24 security licenses. Mr. Black received a Bachelor of Science degree in finance from Arizona State University, where he was an All-American collegiate swimmer, and completed his Master of Business Administration at Southern Methodist University.

 

     
  Charles M. Davis, Jr.
  Charles M. Davis, Jr. is a managing partner of Claeris Development, LP (“Claeris”) responsible for strategic planning, corporate development, and capital formation. Mr. Davis brings more than 30 years of experience in corporate finance and strategic advisory roles, primarily in the energy industry. Mr. Davis has worked in the energy groups of several of the largest investment banks in the world, including The First Boston Corporation, Merrill Lynch, and UBS. Mr. Davis headed Merrill’s Dallas investment banking office and served on the firm’s worldwide equity commitment committee. During his investment banking career, Mr. Davis advised on over $70 billion of M&A transactions. He also advised on over $200 billion of debt and equity issuances, including both public and private placement of debt and equity as well as highly structured transactions. Mr. Davis’ M&A and financial advisory roles have extended to all aspects of the energy value chain.

In 2006, Mr. Davis was appointed SVP and Head of Corporate Development of Regency Energy Partners, a newly listed MLP. He remained in that capacity until the sale of the general partnership to an affiliate of General Electric in 2008. From 2008 until 2011, Mr. Davis served as VP and Head of Corporate Development for Atmos Energy Corp., the largest pure natural gas distribution company in U.S.

Mr. Davis received a Bachelor of Business Administration degree in Finance, with highest honors, from the University of Texas at Austin in 1984. He received a Masters of Business Administration degree from the Harvard Graduate School of Business in 1988, where he was named a George F. Baker Scholar.
     
     
     
  Michael A. Slaney
 
Michael A. Slaney is a founder and managing partner of Claeris Development, LP (“Claeris”), a project development company based in Dallas, Texas focused exclusively on the production of ultra-clean lubes, chemicals, and fuels. Mr. Slaney, together with David Black, is a co-founder of several successful platform companies in the cleantech industry. Mr. Slaney is responsible for transaction structuring, corporate strategy, strategic partner alliances, and contract negotiations at Claeris and has also performed these functions at each of the platform companies. Mr. Slaney has over 25 years of business and project development, legal, and investment banking experience.

Prior to entering industrial development in 2004, Mr. Slaney was a partner in the mergers and acquisitions and corporate finance sections of Akin Gump Strauss Hauer & Feld LLP, one of the largest law firms in the world. Mr. Slaney has managed all aspects of more than 55 completed transactions valued in excess of $23 billion, and has participated in varying degrees in more than 80 additional completed transactions.  Mr. Slaney has structured, negotiated, managed, and consummated nearly every form of corporate transaction, including leveraged and management buyouts, mergers-of-equals, tender offers, leveraged recapitalizations, joint ventures, going private acquisitions, PIPEs, and public offerings of debt and equity securities. Prior to practicing law, Mr. Slaney was an analyst in the capital markets group at the investment banking firm of Kidder, Peabody & Co. and was an accountant in the audit and tax groups at KPMG LLP, earning his Certified Public Accountant designation in 1988.

Mr. Slaney received a Bachelor of Science degree in both Accounting and Business Administration in 1986 from the University of Kansas, where he served as the student body senior class president. Mr. Slaney received his Jurist Doctorate, with honors, from Indiana University in 1992.

 

     
     
    Jason S. Jones
Jones   Jason S. Jones is an operating partner of Claeris Development, LP (“Claeris”), a project development company, and is based in Singapore focused exclusively on the production of ultra-clean lubes, chemicals, and fuels. Mr. Jones is a founder of several successful private equity and operational services companies in Asia and is responsible for technology sourcing, corporate development and project development in Southeast Asia on behalf of Claeris. Mr. Jones has over 25 years of corporate and project development, investment and deal structuring experience, both as an owner and operator.

Prior to entering private equity and industrial development in 2005, Mr. Jones was a global supply chain and operations executive with GE for over 14 years, which included full P&L responsibility as a president & general manager. In addition, Mr. Jones was director of corporate initiatives and product development for Motorola. Having significant leadership experience and proven track record across industrial equipment, power generation, oil & gas, renewables and technology segments, Mr. Jones has also demonstrated ability to identify, recruit and develop talent into strong management teams with extensive Asia Pacific operating experience, including mainland China and Southeast Asia since 1995.

Mr. Jones received a Bachelor of Science degree, with honors, from Texas A&M University’s College of Engineering. He was also a graduate of General Electric’s Technical Leadership (TLP) and Corporate Audit Staff (CAS) leadership development programs.

     
     
     
     
Development experience
 
 

ASAlliances Biofuels, LLC
ASAB was formed in 2005 by the predecessor entity to Claeris (also founded by Messrs. Black and Slaney) to develop, construct, and operate three large-scale ethanol production facilities with an aggregate production capacity of more than 330 million gallons per year. ASAB was initially capitalized with $432 million in February 2006 (Mr. Davis was engaged by ASAB as a financial advisor in this transaction) and was sold to Verasun Energy Corporation (“VSE”) for $725 million in August 2007. The initial capitalization of ASAB was awarded the Project Finance Institute 2006 Environmental Deal-of-the-Year and remains the largest project financing ever consummated in the ethanol industry. In addition, the sale of ASAB to VSE represents the largest M&A transaction ever consummated in the ethanol industry.

 

In eighteen months the ASAB investment realized:

• Invested equity IRR of: 410%
• Committed common equity IRR of: 270%

 
Messrs, Black and Slaney were responsible for all aspects of the formation, strategic partner alliances, and capitalization of ASAB, together with all aspects of site selection and development, construction, and operation of the ethanol facilities. Post financial closing, Messrs. Black and Slaney (i) served as the interim CEO and COO of ASAB, (ii) They have compiled an unmatched track record of success, including the world’s largest project financed ethanol development, a highly successful publicly-traded MLP, and the world’s first commercial-scale renewable chemical and advanced biofuels production facility. (iii) led the development efforts for three additional facilities, (iv) helped establish financial reporting systems and senior lending compliance, (v) assembled a world-class management team, (vi) maintained the alliance relationship with our strategic partner Cargill, (vii) completed the registration statement on Form S-1 filed with the SEC, and (viii) assisted in the sale to Verasun.
 

 
Gevo Development, LLC
Gevo Development was formed in 2009 by the predacessor entity to Claeris (also founded by Messrs, Black and Slaney) and Gevo, Inc. to commercialize Gevo’s proprietary technology to produce isobutanol based on retrofitting existing ethanol plants. Gevo Development successfully assembled a fleet of ethanol production assets with more than 300 million gallons per year of production capacity and raised the debt financing necessary to fund the first retrofit project. In large part to Gevo Development’s success, Gevo consummated an initial public offering of its common stock in February 2011, raising over $120 million with a market capitalization over $400 million.
 

In seventeen months, from the formation of Gevo Development to the IPO, Gevo realized an:

• Common equity value increase of: 460%
• Total equity value increase of: 330%

 
Messrs. Black and Slaney served on the initial board of directors and were the managing directors of Gevo Development becoming Executive Vice Presidents of Gevo prior to the IPO. They were responsible for strategy, corporate development, capital formation, and all transactions executed by Gevo Development.
 

 
Claeris Development, LP
Claeris Development was formed in 2012 by Messrs, Black and Slaney to build an industry-transforming company focused exclusively on developing and operating industrial facilities for the production of ultra-clean lubes, chemicals, and fuels from environmentally-responsible sources such as natural gas and other carbonaceous feedstocks. Messrs. Black, Davis, and Slaney are board members and serve as the managing partners of Claeris responsible for all development and operational functions of the business.
 

 
Solusyn Specialty, LLC
Solusyn was formed in 2014 by Claeris and Emerging Fuels Technology to develop, construct, and operate a series of natural gas/ethane-to-specialty products (e.g. ultra-clean lubes, drilling fluids, and solvents). We are currently in the final phase of development for our initial facility and expect to begin construction in 2017.
 


Leaf Development, LLC
Leaf Development, LLC (“Leaf”) was formed in 2016 by Claeris and Leaf Resources Limited. to develop, construct, and operate a series of residual biomass to high value specialty chemical facilities. We are currently developing our first commercial site which is expected to be in commercial operations by 2019.