Wednesday, February 21, 2007

Imperium Renewables Raises $214M

Seattle-based Imperium Renewables, which is developing a biodiesel facility expected to product up to 100M gallons of biodiesel a year, said today that it has raised $113M in a private equity round, and a $101M Senior Secured Credit Facility. The $214M in funding will go towards developing a biodiesel plant in Washington. The equity investment came from existing investors Technology Partners and Nth Power, along with new investors Ardsley Partners, Attractor Investment Management Inc., BlackRock Investment Management Ltd., Capricorn Management, Ecofin, Robeco C.V., Silver Point Capital, Southport Energy Alternatives, Stark Biodiesel Investments, Ltd., and Treaty Oak Capital Management. The credit facility was arranged by Societe Generale Corporate & Investment Banking. More information »