Venture • Energy Services and Equipment

Angeleno Group Invests In Powerspan

On April 23, 2009, growth capital firm Angeleno Group invested in energy services and equipment company Powerspan

Investment Context

This is Angeleno Group’s 2nd transaction in the Energy Services and Equipment sector.
This is Angeleno Group’s 8th transaction in the United States.
This is Angeleno Group’s 2nd transaction in New Hampshire.

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Investment Summary
Date	April 23, 2009
Target	Powerspan
Sector	Energy Services and Equipment
Investor(s)	Angeleno Group
Deal Type	Venture

Target Company

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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Investor Overview 1

Investor

Angeleno Group

Los Angeles, California, United States

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 Context for Investor	#
Overall	9 of 27
Sector: Energy Services and Equipment	2 of 3
Type: Venture	6 of 16
State: New Hampshire	2 of 2
Country: United States	8 of 23
Year: 2009	1 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-11-01	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.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2008-11-01

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.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2009-10-28	New Forests Sydney, Australia New Forests operates and manages investments in sustainably managed timberland and associated eco products, such as carbon credits, biodiversity credits, and mitigation banks. New Forests was founded in 2005 and is based in Sydney, Australia.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2009-10-28

New Forests

Sydney, Australia

New Forests operates and manages investments in sustainably managed timberland and associated eco products, such as carbon credits, biodiversity credits, and mitigation banks. New Forests was founded in 2005 and is based in Sydney, Australia.

Buy

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