:Bain Capital Private Equity said on Thursday it has completed a deal to acquire a stake in renewable fuel producer EcoCeres Inc, as the Boston-based investor strives to ramp up its sustainable investment.Bain said in response to a Reuters query that the firm invested $400 million of growth capital for a sign
:Bain Capital Private Equity said on Thursday it has completed a deal to acquire a stake in renewable fuel producer EcoCeres Inc, as the Boston-based investor strives to ramp up its sustainable investment.
After the transaction, EcoCeres would be mutually controlled by Bain Capital and Hong Kong & China Gas , rather than being solely controlled by the latter as previously, according to a filing about the transaction published on the website of China's State Administration for Market Regulation in November.
EcoCeres' products include a type of biodiesel made from waste greases such as palm oil mill wastewater and used cooking oil, according to its website.
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Bain Capital buys stake in biomass firm for $400 million:Bain Capital Private Equity said on Thursday it has completed a deal to acquire a stake in EcoCeres Inc, a biomass firm majority owned by Hong Kong & China Gas, as the Boston-based investor strives to ramp up its sustainable investment.Bain said in response to a Reuters query that the firm invested $400 mill
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