World Energy raises $345 mln in CFFI Ventures-led deal
World Energy LLC, a Boston-based advanced biofuel supplier, has secured US$345 million from an investor group led by CFFI Ventures, the investment affiliate of Canadian family-owned holding company Clearwater Fine Foods Inc. Other investors included the family office of Bob Beamish, founder of Canadian foam products maker Woodbridge Group, and Tim Haig, founder of Canadian biodiesel fuel producer Biox Corp. With the deal, World Energy merged with Hamilton, Ontario's Biox, which was taken private by CFFI last September. Between 2006 and 2016, Biox was a portfolio company of Birch Hill Equity Partners.
26 March 2018•3 mins read
