Seven Seas Water to buy up water purification companies in Caribbean
Seven Seas Water, a water desalination and purification company in St. Thomas, Virgin Islands, has recieved $20 million to buy up similar companies in the sector.
According to VentureWire (sub required), the company is backed by buyout firm TPG, venture firm DFJ Element Venture Partners, and Douglas Brown, the former chief executive of water purification and desalination company Ionics Inc..
According to the report, Seven Seas Water has received commitments for up to $100 million from… Continue Reading
LumaSense raises more than $50M for rollup in sensor instrument sector
LumaSense Technologies, a Santa Clara, Calif. company that provides sensor instruments, has raised somewhere between $50 million and $100 million in equity and debt financing to continue its strategy of acquiring other sensor instrument companies.
This comes after buying a company, Andros, that sells instruments to the clean-tech industry — allowing LumaSense to spruce up its marketing, for example saying on its home page it serves the clean-tech industry, which is buoyant right now, and in… Continue Reading