Sacramento, Calif.-based Greenleaf Power, an owner and operator of renewable energy power plants, has purchased the St-Félicien Cogénération Power Plant located in St-Félicien, Québec from Enel Green Power Canada Inc, a subsidiary of Italy's Enel. Financial details of the transaction were not published. The St-Félicien facility, which disposes of wood waste, has a net capacity of approximately 21 megawatts of electricity. Greenleaf Power is a portfolio company of U.S. energy-focused private equity firm Denham Capital.
3 min read · 15 October 2013
Boreal Genomics Inc, a provider of technology for non-invasive genomic profiling of tumors from blood plasma of cancer patients, has received US$18 million in Series C financing. The round included existing investors ARCH Venture Partners and Kearny Venture Partners, as well as undisclosed new strategic and private investors. The company, which has offices in Vancouver and Los Altos, Calif., will use the new funds to expand commercial operations in the translational research market, scale laboratory capabilities and launch clinical applications. Founded in 2007, Boreal has been venture-backed since 2010.
3 min read · 15 October 2013
Some creditors of Energy Future Holdings (EFH) have stopped negotiating with the Texas power company as it looks to restructure its $40 billion of debt, sister news service Reuters reported.
1 min read · 15 October 2013
Nestle is looking to sell its Jenny Craig diet business and is speaking to a small group of potential buyers about the brand, according to three sources familiar with the matter.
2 min read · 15 October 2013
A British charity and a labor union accused Europe’s largest pharmacy chain, Alliance Boots, of avoiding over 1.1 billion pounds ($1.76 billion) in UK tax since 2008, and called on the government to change laws which allow such tax planning, sister news service Reuters reported.
3 min read · 15 October 2013
Private equity firm KKR & Co LP and its co-investors, which took First Data Corp private for $29 billion in 2007, are making a new $300 million investment in the world’s largest payment processing company to help it refinance its debt, sister news service Reuters reported.
2 min read · 15 October 2013
2 min read · 15 October 2013
Acceleration Resources LLC has raised its inaugural fund, Acceleration Resources I LP, with US$21 million, in an effort led by a veteran of Passport Capital LLC and Sun Capital Partners Inc, according to public filings and a person familiar with the firm. The fund is focusing on Canada, a rich source of fossil fuel for export to the United States and elsewhere. The money raised will be used to fund up to US$52 million in horizontal drilling at the Notikewan, Falher and Cardium formations in Alberta.
2 min read · 15 October 2013
The creditors of Energy Future Holdings remain at odds over how to split the company’s equity in an expected bankruptcy as their confidentiality agreements lapse, according to several sources familiar with the matter, sister news service Reuters reported.
2 min read · 14 October 2013
French insurer AXA has sealed the spin-off of its private equity arm under the brand name “Ardian”, reaping a 200 million-euro capital gain ($270 million) and retaining a 23-percent stake in the unit, sister news service Reuters reported.
1 min read · 14 October 2013
