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Enerkem Technologies, a Canada-based provider of synthetic gas and other alternative fuels, has raised CAD53.8m in a venture capital funding round from Waste Management.
Existing investors Rho Ventures, Braemar Energy Ventures, BDR Capital and Cycle Capital Management also participated in the funding round.
The investment will support Enerkem’s growth plan, including initiating the construction of its second waste-to-biofuels plant.
Morgan Stanley acted as adviser to Enerkem on this transaction.
The Aureos China Fund has completed a USD3.38m investment in Shanghai Fucheng Environmental Protection Engineering, a Chinese environmental protection company.
The Aureos China Fund is managed by Aureos Capital, a private equity fund management company specialising in investing in small to medium-sized businesses in emerging markets.
SHFC specialises in water treatment engineering and operations, and provides wastewater treatment services to a wide range of buildings including high grade office buildings as well as 80 per cent of four and five-star hotels in Shanghai.
SHFC’s services range from the design and manufacturing of water treatment facilities through to their
CalStar Products has closed a USD15m equity investment to fund the growth and expansion of its green building materials business.
Nth Power, a venture capital fund focused on energy and cleantech investing, led the equity round that includes new investors The Westly Group and Clearpoint Capital as well as continuing investors Foundation Capital and EnerTech Capital.
CalStar’s fly ash bricks and pavers require 85 per cent less energy and generate 85 per cent less carbon dioxide in their manufacturing.
In January, the company opened its first manufacturing plant in Caledonia, Wisconsin. CalStar has assembled a network of 29 brick dealers
Kommera Chakradhar (KC) Reddy (pictured), Head of India Equities at Baring Asset Management Limited (London) summarises the impact of India’s latest Budget.
The surcharge on India’s corporate and personal income taxes was reduced to 7.5% from 10%. While this is not a huge tax cut, it is the first corporate tax reduction in six years.
Having seen stealth tax increases almost every year since 2004, their absence this year has been noted and welcomed. This signals that, for now, the government is keen to adopt a more market and economy-friendly posture.
However, this reduction in tax was funded by an
Synseal Extrusions, a UK-based supplier of PVC-U windows, doors and conservatories, has been acquired by private equity house H.I.G. Europe with debt funding from Yorkshire Bank.
The deal sees the management team led by chief executive officer David Leng take a significant equity stake in the business.
It also provides an exit for the founder Gary Dutton MBE, who will be retiring from the business to pursue his hobbies following a two-year wind down.
Operating from a 34-acre manufacturing facility in Sutton-in-Ashfield, Nottinghamshire, Synseal employs over 500 people. Turnover for the year ending March 2009 was GBP76.3m.
Synseal
Ergo Media Capital, an entertainment and media investment firm headed by former Cinetic Media co-founder Matt Littin, has launched in New York.
The company will provide venture capital and private equity funding to companies in the film, video game, music, television and new media spaces at stages ranging from start-up to growth to expansion, providing up to USD15m in equity per transaction.
The company is backed by Ergo Ventures, a private investment vehicle with holdings in aerospace, food and wine, real estate and technology.
"With revolutionary changes taking place in technology and consumer behavior, and a historic recession further pressuring
Asset management firm KKR had assets under management of USD52.2bn as of 31 December 2009.
Fee related earnings were USD87.5m for the quarter ended 31 December 2009 and pro forma FRE for the year ended 31 December 2009 were USD247.4m.
Economic net income was USD515.3m for the quarter ended 31 December 2009 and pro forma ENI for the year ended 31 December 2009 was USD1,953.9m.
Committed dollars invested amounted to USD456.7m for the quarter ended 31 December 2009 and USD2.1bn for the year ended 31 December 2009.
KKR had uncalled commitments to its investment funds of USD14.5bn as of 31
StepStone Group, a provider of private equity investment management and advisory services, has opened an office in New York.
In addition, Johnny Randel has joined the firm as chief financial officer and chief operating officer. He will be based in New York.
StepStone Group works with institutional investors to build portfolios that include private equity fund investments, co-investments and secondary investments.
“This is an exciting time in the evolution of our firm, and it is an important time for private equity investors to be evaluating and possibly reconstituting their portfolios,” says Jose Fernandez (pictured), a managing director at StepStone. “New
Private equity firm Rock Hill Capital Group has made an equity investment in Blackhawk Specialty Tools, an oilfield services company located in Houma, Louisiana.
Blackhawk, founded in April 2008, is a provider of automated top drive cement heads and related equipment and services to the deepwater offshore oil and gas industry operating in the US Gulf of Mexico and Brazil.
Blackhawk is led by president and chief executive Billy Brown.
“We are pleased that Billy and his team selected Rock Hill as their new equity partner,” says Randall B. Hale, founder and managing director of Rock Hill. “Billy and his
Currensee, a Forex trading social network that connects traders from around the world based on real-time trades, has secured USD8m in series B financing for total funding of USD12m.
Led by Northbridge Venture Partners, the round includes new investor Egan-Managed Capital.
Travis D. Connors, partner at Egan, will join the Currensee board of directors.
“Currensee is one of the most disruptive companies we’ve seen in the financial services sector,” says Jim Moran (pictured), general partner at Northbridge Venture Partners. “In a space that has been viewed as the Wild West for investors, the Currensee team has made tremendous progress —
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