Amyris Inc., which develops environmentally friendly ingredients for beauty products, won bankruptcy court approval on a restructuring plan that hands control of the biotechnology business to Kleiner Perkins Chairman L. John Doerr.
Judge Thomas M. Horan said Friday he’d approve the plan which provides Amyris with as much as $160 million in exit financing backstopped by Foris Ventures LLC, an investment firm affiliated with Doerr, and other lenders that financed the company’s Chapter 11 restructuring, according to court documents. Doerr was also a member of Amyris’ board of directors when it filed bankruptcy in August.
Amyris ...
