Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
SOURCE Anaergia Inc.
BURLINGTON, ON, Oct. 7, 2013 /PRNewswire/ - Anaergia Inc. ("Anaergia") is pleased to announce that it has closed a Non-Brokered Private Placement with new investors. These investors include: Macquarie Capital ("Macquarie Capital"), Tandem Expansion Fund ("Tandem"), Export Development Canada ("EDC"), and Global H2O Investments ("Global H2O"). They committed to invest a total of C$47.5 million in new equity. Anaergia plans to use this funding to develop projects and provide solutions that assist waste producers by converting organic waste streams into valuable resources.
Anaergia's Chairman and Chief Technology Officer, Dr. Andrew Benedek said, "This new capital enables Anaergia to take advantage of growth opportunities as the global leader in converting organic waste streams into renewable energy, fertilizer and clean water. With this investment, a larger group of customers, partners and stakeholders will benefit from Anaergia's compelling environmental and economic value proposition."
Anaergia's CEO, Steve Watzeck said, "We are proud to have the support of
these strategic and globally respected partners who share the Anaergia
vision and values. Each partner brings unique and synergistic
expertise across project finance, international networks and deploying
advanced technologies which will help further accelerate our growth as
the definitive organic waste to resource solutions leader globally."
In connection with this transaction Macquarie Capital's Duncan Murdoch and Tandem's David Bookbinder joined Anaergia's Board of Directors. EDC's Eugene Siklos was granted Board observer status.
"Anaergia's successful track record of operational energy projects, sizeable and growing base of customers across the globe, excellent management team and portfolio of proprietary technologies position the company at the forefront of the waste to resources industry," said Duncan Murdoch, Senior Managing Director, Macquarie Capital. "We are excited to support Anaergia's continued growth in this sector."
"Anaergia is a uniquely situated Canadian technology company solving big world problems with differentiated solutions and a global footprint," noted David Bookbinder, Managing Partner at Tandem Expansion. "Backing a world-class team that combines deep experiences from ZENON, GE and HDR Engineering with a successful entrepreneurial track record is an exciting opportunity for Tandem."
Anaergia Inc. is the global technology leader in the recovery of value from organic waste streams. Through a proven portfolio of proprietary technological solutions around a core of anaerobic digestion, Anaergia lowers the cost of wastewater treatment and waste disposal across the municipal, industrial, commercial and agricultural sectors. Anaergia's headquarters are in Burlington, Ontario in Canada and it offers regional services through 14 offices located in Europe, North America and Asia. Anaergia subsidiaries and affiliates include UTS Biogastechnik in Europe and Pharmer Engineering as well as The Stover Group in the United States. Anaergia's core technologies are in use at over 1,600 biogas anaerobic digestion plants worldwide.
About Macquarie Capital
As part of Macquarie Group, a global provider of banking, financial, advisory, investment and funds management services, Macquarie Capital engages in advisory and capital-raising services, and principal investing to corporate, financial sponsor and government clients involved in M&A, debt and equity fund raising, corporate restructuring, project finance and Public Private Partnerships.
Tandem Expansion Fund is a growth equity investor in Canadian technology businesses. Tandem is committed to helping Canadian companies and their management team to reach their full potential. Beyond capital, the Tandem team contributes its experience in building companies, its relationships and its proven ability to create value. Tandem values integrity, trust, openness and long-term relationships.
Export Development Canada is Canada's export credit agency, offering innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC's knowledge and partnerships are used by more than 7,400 Canadian companies and their global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining and a recognized leader in financial reporting and economic analysis.
About Global H2O
Global H2O Investments provides capital for developing new or acquiring existing water, wastewater and "waste-to-value" infrastructure assets in North America, the Caribbean and South America. The Company also provides capital for direct investments in wastewater and waste management companies that focus on renewable energy and by-product recovery business models. The Company's headquarters are located in Houston, TX and has offices in San Diego, CA and Baja Sur, Mexico.
©2012 PR Newswire. All Rights Reserved.