Einhorn Transforms BioFuel Energy Into A Real Estate Business

BioFuel Energy Corp., the former ethanol producer, has transformed into Green Brick Partners Inc (NASDAQ:GRBK) , a successful homebuilder, with David Einhorn becoming its chairman and James Brickman taking up the CEO position. Of note, BioFuel Energy Corp has completed its previously announced $275 million cash-and-stock deal to acquire the equity assets of JBGL Builder Finance LLC and certain subsidiaries of JBGL Capital LP. Einhorn’s acquisition of BioFuel Energy In March, Greenlight Capital, founded by David Einhorn, indicated it would purchase the small ethanol company, BioFuel Energy Corp., through a $275 million transaction involving cash and equity. The announcement made…