On Dec. 31, 2020, Kramer Levin client HC2 Holdings Inc. (HC2) (NYSE: HCHC) announced that it has agreed to sell its majority-owned clean energy subsidiary Beyond6 Inc. (Beyond6) to Mercuria Investments US Inc. (Mercuria) for approximately $169 million, subject to customary closing adjustments. The deal is expected to close in the first quarter of 2021.