Ferndale, WA (PRWEB) September 21, 2009
PIC, LP Partnered with Investment Equity, LP to close on its second round of funding totaling $75 million to develop a waste-to-energy plant. The two funds have also agreed to develop three facilities for converting municipal solid waste to ethanol.
The parties anticipate the deal to close in late October, subject to regulatory approval. This announcement comes less than two weeks after PIC, LP closed a deal which expanded its network through management and operations services agreements at a 45 MGY facility in the Midwest.
Managing Director Jerome Faulkner further added, "We look forward to strengthening our Renewable Energy portfolio as we continue to participate in America's growing biodiesel industry."
About Investment Capital, LP
Investment Capital, LP provides a number of services to its clients and portfolio companies through investment banking services and principal venture capital investing, and in doing so, provides equity and debt capital and consultancy services to its client companies
Its domestic investment banking services extend across areas including public and private equity, mergers and acquisitions, corporate restructurings, financial advisory, initial public offerings and strategic partnerships. Private Investment Capital's international investment banking specializes in cross-border transactions covering mostly Asia Pacific. Services include public and private placements, mergers and acquisitions and financial advisory. In its principal venture capital investing operations, Private Investment Capital, LP's investment objective is to achieve superior, tax-efficient, intermediate capital appreciation with provisions to limit downside exposure. Its venture investing activities focus on high-growth companies and companies that exhibit sustainable market leadership.
This knowledge and industry sector expertise includes Information Technology, Telecommunications, Consumer and Business Services, Health Care, Industrial and Manufacturing and Emerging Markets.
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