Hudson Clean Energy raises $90 mln to support portfolio

Hudson Clean Energy has raised a $90 million credit facility underwritten by an existing limited partner for its flagship fund. The funds will be used to support three Hudson portfolio companies: Element Power Holdings, a renewable energy developer; Silicor Materials, Inc., which makes solar silicon and SoloPower Systems, Inc., which makes flexible solar modules. Moelis & Company worked as syndication agent for the deal.


Ridgemont closes investment in The Cook & Boardman Group

Ridgemont Equity Partners has closed a majority investment in Winston-Salem, North Carolina-based The Cook & Boardman Group, which distributes commercial metal and wood doors, door frames, door hardware and related products. Financial terms were not disclosed.


Empeiria Capital completes buy of JL Bryan Equipment & Lease Services, Tank Partners

Empeiria Capital has completed the acquisition of JL Bryan Equipment & Lease Services, Inc. and Tank Partners. JL Bryan Equipment & Lease Services makes storage tanks and pressure valves used to separate and store oil and water at oil and gas wellheads. Tank Partners makes steel storage tanks and pressure vessels for oil and gas producers in the Eagle Ford and Permian Basin.


ARCH Ventures leads $20 mln Series A funding in Scholar Rock

ARCH Venture Partners has led a $20 million Series A funding in Scholar Rock, a biopharmaceutical company. Other participants in the funding include founding investors Polaris Partners and Timothy Springer, as well as new investors EcoR1 Capital and The Kraft Group.


Private equity diversifies product offering in LatAm: LAVCA

The Latin American Private Equity & Venture Capital Association last week revealed first half 2014 fundraising numbers that indicate a resurgence in the region. PeHUB took some time and chatted with Cate Ambrose, LAVCA’s President and Executive Director about the fundraising outlook in the region this year.


CCMP agrees to buy part of Carlyle’s stake in PQ Holdings

CCMP Capital Advisors has agreed to invest in PQ Holdings, a specialty chemical business for the consumer, oil and gas, transportation safety, specialty plastics and industrial markets. CCMP has agreed to acquire a 47 percent interest in PQ from The Carlyle Group. Existing shareholders INEOS, Carlyle and company management will continue to own about 53 percent of the company. The deal is expected to close in late 2014 to early 2015.


Nautic Partners invests in All Metro Health Care Services

Nautic Partners has invested in All Metro Health Care Services, a home care agency providing services like light housekeeping, homemaking, bathing and grooming to seniors and high-needs individuals. Healthcare Finance Group led the financing for the transaction. Terms of the deal were not disclosed.


Liquid Light closes $15 mln Series B funding round

Liquid Light, which develops and licenses process technology to make major chemicals from carbon dioxide, has raised a $15 million Series B funding round. New investors in the funding include Sustainable Conversion Ventures. Existing investors include VantagePoint Capital Partners, BP Ventures, Chrysalix Energy Venture Capital and Osage University Partners.


peHUB First Read

To end the week, First Read finds out why Tesla is building a giant battery factory when no one is buying, Venezuela could be headed for default and the U.S. threatened to fine Yahoo $250K a day if it didn’t comply with NSA data requests.

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