Burlington, Ontario's Anaergia closes $47.5 mln private placement

Anaergia Inc said Monday that it has completed a C$47.5 million private placement. Investors included Macquarie Capital, Tandem Expansion Fund, Export Development Canada (EDC) and Global H2O Investments. Headquartered in Burlington, Ontario, Anaergia is a technology company that helps convert organic waste streams into valuable resources. Update: In connection with the deal, David Bookbinder, managing partner at Canadian venture capital firm Tandem, has joined Anaergia's board of directors, as has Macquarie Capital's Duncan Murdoch. EDC lead investment manager Eugene Siklos was granted board observer status.

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