Bottom line. A $5.5 million sale package was circulated for Environmental Solutions Worldwide, AP SHL Investors and AP Technology Partners. A November 30 JPMorgan statement records a $5,500,030 CHIPS credit from Black Family Partners to Financial Trust. Separate 2015 correspondence says the ESWW stock-power/certificate mechanics were still unresolved.
Source provenance
The closing, the cash, and the later transfer defect
Three source objects carry the core story from contemplated closing to bank settlement to later certificate cleanup.
Counsel describes a $5.5 million three-asset package and a November 30 closing target.
The one-page bank record shows the $5,500,030 CHIPS credit and identifies Black Family Partners as originator.
The later thread documents the invalid stock-power / replacement-certificate problem. This thumbnail is page 1 of a four-page source.
Receipt images are source/PDF viewer renders. Use the linked viewer for the controlling document and page navigation.
1. What Financial Trust held before the sale
A July 30, 2012 email in EFTA01875276 says Environmental Solutions was held through Financial Trust. It gives a total position of 13,350,205 shares: 13,198,711 represented by physical stock certificates and 151,494 held in Financial Trust’s JPMorgan account.
That split later appears in the closing-file inventory itself: an irrevocable stock power for 13,198,711 shares and a separate stock-transfer instruction for 151,494 shares.
2. The November 26 closing package
On November 26, 2012, Paul Weiss forwarded a purchase-and-sale package for Environmental Solutions Worldwide, AP SHL Investors and AP Technology Partners. The email in EFTA00634299 states an aggregate purchase price of $5,500,000, says the allocation would be placed on Schedule 3.2, and says closing was to occur by November 30.
The same message says Leon Black needed to sign the agreement and three transfer documents. The production preserves the original attachment filenames, which helps tie the email to the surviving draft agreement and transfer-document family.
3. The allocation was $5 million + $250,000 + $250,000
The contemporaneous accounting chain in EFTA00693690 records the package allocation as:
- Environmental Solutions Worldwide: $5,000,000
- AP SHL Investors: $250,000
- AP Technology Partners: $250,000
Total: $5,500,000. GAH does not infer from the “AP” names that AP SHL or AP Technology were Apollo entities. The recovered record treats those interests separately, and their precise entity relationships remain source questions.
4. The payment settled on November 30
The strongest execution evidence is not the draft agreement. It is the bank record.
EFTA01510783 and duplicate representation EFTA01510763 show a November 30 CHIPS credit into Financial Trust’s JPMorgan account. The description names Black Family Partners, L.P. as the originator and Bank of America as the sending bank. The recorded amount is $5,500,030.
The extra $30 is unresolved. The contract package is $5.5 million. The JPMorgan receipt is $5,500,030. GAH has not recovered a source that explains the $30 difference and does not label it a fee or adjustment without one.
5. The stock-transfer paperwork existed
EFTA00585846 is the stock-power instrument for the 13,198,711 certificate shares. The closing inventory also identifies a separate instruction for the 151,494 JPM-held shares; the recovered document family points to EFTA00585853.
Those documents establish that the closing mechanics were prepared. They do not, by themselves, prove that every transfer-agent step was successfully completed in November 2012.
6. In 2015, the ESWW transfer was still being repaired
The later correspondence changes the evidentiary picture. In May 2015, the thread preserved at EFTA02402715–EFTA02402717 and in duplicate form at EFTA02501237–EFTA02501238 says the ESWW shares were still in Financial Trust’s name.
The thread says the November 2012 stock power was invalid; a new stock power had been executed in March 2015 and provided to JPMorgan; JPMorgan took the certificates to ESWW transfer agent Bay City; and Bay City rejected the submitted certificates because the 2013 reverse split had caused replacement certificates to be issued. Darren Indyke was then trying to locate those replacement certificates and liaising with Bay City.
What that means: the economic sale and payment are documented in 2012, while the surviving record shows that at least part of the registered-title/certificate process remained defective more than two years later.
7. Beneficial ownership and registered title are not the same evidence
Black Family Partners was carrying ESWW economically in later records, and the SEC filing family includes post-split BFP beneficial ownership. But the 2015 transfer-agent correspondence shows why that cannot be used as a shortcut to claim that the physical certificate chain had been perfectly completed in 2012.
The 2014 SEC filing is therefore corroboration of BFP’s post-closing beneficial position, not proof of the exact date Bay City perfected the legacy certificate transfer.
Primary-source chain
What remains open
- Outgoing Bank of America advice: GAH has the receiving-side JPMorgan record naming BFP, Bank of America and the originator account, but has not recovered the matching November 30 BofA debit advice.
- Final Bay City completion record: GAH has not recovered the terminal transfer-agent record showing when the legacy FTC certificates were finally re-registered.
- The $30 difference: no recovered record explains why the bank credit is $30 above the $5.5 million package price.
- Execution copies: some surviving contract/transfer copies are drafts or contain incomplete execution fields. The bank settlement is stronger evidence of economic closing than an unsigned draft is evidence of legal mechanics.
Conclusion
The narrow conclusion is unusually strong because it does not require speculation: Black Family Partners sent roughly $5.5 million to Financial Trust in the exact closing window for a $5.5 million package of ESWW, AP SHL and AP Technology interests. The same archive later records that the ESWW certificate-transfer mechanics had not been cleanly completed and were still being repaired in 2015.
That is the line the documents support. The missing BofA advice and final Bay City completion record remain open receipt slots, not reasons to suppress the story and not invitations to invent an ending.
Next path: Latest investigations · Banking records · Send a related record