Investment Summary

Angeleno Group Invests In Nu Energy Pty

On November 1, 2008, growth capital firm Angeleno Group invested in renewable energy company Nu Energy Pty

Investment Highlights
  • This is Angeleno Group’s 2nd transaction in the Renewable Energy sector.
  • This is Angeleno Group’s 1st transaction in Australia.

Investment Summary

Date 2008-11-01
Target Nu Energy Pty
Sector Renewable Energy
Investor(s) Angeleno Group
Deal Type Venture

Target

Nu Energy Pty

Melbourne, Australia
Nu Energy Pty Ltd. provides renewable energy systems to residential, commercial, and government customers that produce solar energy and solar-heated water. Nu Energy was founded in 1993 and is based in Melbourne, Australia.

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Investor(S) 1

Investor

Angeleno Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Angeleno Group is a private equity firm focused on high growth investments within the energy sector. The Firm pursues a wide range of opportunities and will consider transactions across the US. Angeleno looks for companies that are heavily involved in the development of innovative products and services that are emerging as potential solutions to global energy and environmental challenges. Specific sub-sectors of interest include clean transportation, emissions control and carbon management, energy efficiency, power infrastructure, renewable energy, solar, waste management, and wind. The Firm looks to commit $10 to $30 million per investment and will consider a variety of deal types, including secondaries, first institutional equity, growth equity, and PIPEs. Angeleno Group was founded in 2001 and is based in Los Angeles, California.


DEAL STATS #
Overall 8 of 27
Sector: Renewable Energy M&A 2 of 5
Type: Venture M&A Deals 5 of 16
Country: Australia M&A 1 of 2
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-24 GT Advanced Technologies

Merrimack, New Hampshire, United States

GT Advanced Technologies manufactures SiC and sapphire materials for electric vehicles, high-power industrial motors, and telecom infrastructure applications. GT Advanced Technologies was founded in 1994 and is based in Merrimack, New Hampshire.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-23 Powerspan

Portsmouth, New Hampshire, United States

Powerspan Corp. is a developer of proprietary, multi-pollutant control and carbon dioxide (CO2) capture technology for electric power plants. Electro-Catalytic Oxidation (ECO®) multi-pollutant technology provides high removal of sulfur dioxide (SO2), nitrogen oxides (NOx), oxidized mercury, and fine particulate matter (PM 2.5) from coal-fired power plants. Powerspan was founded in 1994 and is based in Portsmouth, New Hampshire.

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