Power-Save Energy Company is to acquire Vica Energy

September 8, 2010 — Fusion DigiNet

According to an SEC filing, Power-Save Energy Company is to acquire Vica Energy. The details of the 8K that was filed today with the SEC reads:

“On August 18, 2010, we entered into a Letter of Intent with Vica Energy, Ltd. (hereinafter “Vica”), an Alberta corporation pursuant to which the Company agreed to acquire all of the assets of Vica.  We are currently underway in the due diligence period requested under the Letter of Intent and we will prepare the Asset Purchase Agreement and anticipate a closing date by the end of September. The Company, concurrently with reviewing the due diligence material, is preparing a Solicitation of Proxies, pursuant to Regulation 14A under the Securities Exchange Act of 1934 and will hold a special shareholder meeting as soon as practicable thereafter.

The Asset Purchase Agreement will contain the customary terms and conditions for a transaction of this type, including representations, warranties and covenants, as well as provisions describing the consideration, the process of exchanging the consideration and the effect of the Acquisition Agreement.”

About Power-Save Energy Co.

Power-Save Energy Company (http://www.power-save.com) is a marketing and manufacturing company focused on becoming the premier retailer of renewable energy and energy savings products in the United States. The company is dedicated to the mass-market sale of energy savings products and now renewable energy products direct to the homeowner and small business. The company not only provides both quality tested and certified products direct to the consumer, but also provides them at prices affordable to everyone.

USA, San Luis Obispousa, CA

Posted in B2B Services, Energy & Environmental Services, ~North America. Leave a Comment »

Emap has acquired The Energy Event

September 6, 2010 — Fusion DigiNet

Emap has acquired The Energy Event and its related magazines from Eamonn Brennan and Neil Western of Western Business Media.

From 2011, The Energy Event will run alongside the Recycling and Waste Management Exhibition (RWM) in halls 17-20 at the NEC.

Whilst the two shows will be marketed separately and each will retain their own identities and focus, the move of the Energy Event to the NEC next door to RWM will allow the event to benefit from the improved layout and facilities of purpose built exhibition halls as well as the relevant cross over audience from RWM.

“RWM and the Energy Event are a natural fit for co location. There is a growing appetite for waste-to-energy conversion as way of dealing with two major issues at once – waste management and sustainable energy. By bringing the waste and sustainable energy sectors together in this way we can help satisfy that appetite,” said Gerry Sherwood, RWM’s Event Director.

Eamonn Brennan will remain involved as a consultant and Steve Swaine and Tim McManan Smith will take up key roles on the project team.

“It is great news for the market that Emap has acquired the Energy Event. They are the natural purchaser and have a reputation for delivering events that are the focal point of the markets they serve. Their focus and resource will enable the event to move to the next stage in its development at the NEC. I will be working closely with the MD’s Alison Jackson and Paul Dunne and ED Gerry Sherwood to ensure a smooth transition” said Eamonn Brennan

MD Alison Jackson commented “We are delighted to welcome Eamonn, Steve and Tim to Emap. We have admired this event from afar after visiting several times. It is a quality, industry led event with great content and an essential diary date for anyone in the sector. Emap’s marketing and operational resource will ensure the event becomes even more important for decision makers in the energy sector as it develops in conjunction with market needs going forward”

UK, London

Posted in B2B Services, Conference/Exhibitions/Events, Content Media, Energy & Environmental Services, Publishers, ~Europe. Leave a Comment »

Spice PLC to recommend a 70p per share cash offer from Cinven

September 2, 2010 — Fusion DigiNet

Spice PLC plans to recommend a 70p per share cash offer from UK private equity firm Cinven according to an announcement this morning. The announcement reads as follows:

The Board of Spice and Cinven Limited (“Cinven”) are pleased to announce that they are in advanced discussions regarding an offer being made for the entire issued and to be issued share capital of the Company at a price of 70 pence in cash per share, which would represent a premium of approximately 10.7 per cent to the closing share price of Spice on 1 September 2010 of 63.25 pence. In addition, Spice shareholders will be entitled to the final dividend of 1.22 pence per share to be paid on 14 September 2010. Any offer remains subject to a number of pre-conditions, including the satisfactory completion of confirmatory due diligence. However, Cinven has confirmed that any offer would not be conditional upon external financing.

Although the Board of Spice believes that the Company has a strong future as an independent business, it recognises that, due to the cash nature and premium of the potential offer, it is in shareholders’ interests to facilitate further discussions with Cinven.  Accordingly, subject to the final terms and conditions of the offer, the Board intends to recommend the offer of 70 pence per share from Cinven, if made.

The Board of Spice has agreed with Cinven to proceed on a bilateral basis from the date of this announcement until 27 September 2010 and all discussions with the other potential offeror have been terminated, subject to the requirements of the Code.

Established in 1977, Cinven is one of the most prominent and successful investors in the European buyout market, with offices in London, Paris, Frankfurt, Milan and Hong Kong. Cinven has invested in buyouts with a value in excess of €60 billion.

This announcement has been made with the approval of Cinven, and a further announcement will be made in due course.

Related articles

Posted in B2B Services, Energy & Environmental Services, ~Europe. Leave a Comment »

Green Energy Management Services completes reverse merger with CDSS Wind Down

September 1, 2010 — Fusion DigiNet

Green Energy Management Services (GEM) has completed its previously announced reverse merger with CDSS Wind Down. Pursuant to the merger, GEM became a wholly owned subsidiary and sole operating entity of CDSS and CDSS will be changing its name to Green Energy Management Services Holdings. In connection with the transaction, prior to the merger, CDSS affected a 1-for-3 reverse stock split. As a result of the merger, former shareholders of GEM were issued shares of CDSS’ common stock in exchange for their shares of GEM and own approximately 80% of the public company, with CDSS’ shareholders owning the balance.

GEM is a full service, national energy management company. GEM provides its clients with energy efficiency solutions mainly based in two functional areas: energy efficient lighting upgrades and renewable energy generation.

In addition, as a result of the merger, Michael Samuel, the Chief Executive Officer of GEM, was appointed as Chairman, President, Chief Executive Officer and a director of CDSS, Robert Weinstein, the Chief Financial Officer of GEM, was appointed as the Chief Financial Officer of CDSS, William D’Angelo, a director of GEM, was appointed as a director of CDSS, and all of CDSS’ officers and directors prior to the merger resigned from all of their positions held with CDSS.

“We are excited to have completed the process to become public,” said Michael Samuel, Chief Executive Officer of GEM. “We are seeing strong interest from public and private entities looking to reduce their cost of energy and energy management. This interest is leading to promising opportunities for GEM to provide both the technology and management expertise that will result in its customers dramatically lowering their energy costs.”

USA, Dallas, Texas

Posted in B2B Services, Energy & Environmental Services, ~North America. Leave a Comment »

Spice PLC – Cinven offer and conditional proposal from another potential offeror

September 1, 2010 — Fusion DigiNet

AGM and Interim Management Statement

Spice, the leading provider of Outsourced Utilities Support Services, today publishes its Interim Management Statement for the period from 1 May to 31 August 2010. This update is also being provided to shareholders attending the Group’s Annual General Meeting at 2pm today.

 Current trading

During the period, trading for the continuing business has been, in aggregate, in line with the Board’s expectations as the Group has benefited from an increased focus on markets with strong underlying regulatory and environmental drivers.

 Supply Division

The Energy business continues to perform well. The Carbon Reduction Commitment Energy Efficiency Scheme has generated a larger than expected demand for the Energy business’ services, and the pipeline remains strong. NIFES has been affected by an inconsistent order intake and workflow from its public sector client base which has impacted current performance.

 Within Billing, we have made encouraging progress in entering the US market during this period and are in active discussions with a number of potential customers. This has been achieved at relatively modest cost, is ahead of schedule and is a significant development given the size of the deregulated USA energy market.

 Distribution Division

In July 2010 we announced that Freedom, our Electricity business, had extended its contract with EDF Energy for major substation projects ‘workstream one’ and overhead line works ‘workstream five’. Spice has also recently been selected by CE Electric to undertake EHV major projects across its YEDL and NEDL footprint. This excellent news adds an additional level of certainty to future workflows. The benefit is expected to be seen into the 2011 calendar year and beyond rather than in the current financial half year which will inevitably witness lower workflows in synchronisation with the commencement of the new five year regulatory cycle from 1 April 2010. The Scottish Power overhead lines contract, extended in May 2010, has commenced but we incurred significant additional costs in the early stages, the impact of which will affect the first half results, following which benefits will start to flow.

 The Water business has traded ahead of the Board’s expectations with strong activity levels in the period from major customers such as United Utilities and Yorkshire Water.

 Central costs

Following disposal of the Telecoms and Gas businesses and actions taken by management, both head office costs and the Group’s net interest expense are declining and running at levels better than the Board’s original expectations.

 Facilities business

The strategic review of the Facilities business is ongoing and an outcome is anticipated by the time of the announcement of the Group’s interim results in December 2010. The business is trading in line with the Board’s expectations.

 Outlook

At this point in the regulatory cycle, the Board anticipates a stronger performance for the second half of the financial year than the first half through a combination of higher activity levels and the ongoing benefit of cost reduction measures.

 The Group continues to build upon the significant progress made earlier in the year through greater focus and the disposal of non-core businesses. The Group’s targeting of markets where regulatory and environmental drivers prevail affords protection from the difficult economic environment affecting both private and public sectors. The Group’s exposure to the public sector is limited to around 2% of revenues.

 Offer update

On 15 June 2010, the Board announced that it had received a conditional cash offer for the Group from Cinven. Since then, the Board has engaged in discussions with Cinven and has received a conditional proposal from another potential offeror. The Group confirms that confidential discussions are taking place which may or may not lead to a formal offer being made. There can be no certainty that any offer will be made, nor the terms on which any offer might be made. A further announcement will be made in due course.

Related article

Posted in B2B Services, Consultancy, Energy & Environmental Services, Procurement, ~Europe. Leave a Comment »

Data center energy resource management solutions company raises $8 million

August 19, 2010 — Fusion DigiNet

Data center energy resource management solutions company Viridity Software has raised an additional $8 million in Series B funding from current investors Battery Ventures and North Bridge Venture Partners.  This follows-on a successful Series A funding round of $7 million.  The additional funding will be used to expand the development of the company’s EnergyCenter software platform, as well as greatly accelerate its go-to-market activities.

USA, Burlington, MA

Posted in B2B Services, Energy & Environmental Services, ~North America. Leave a Comment »

Heightened M&A activity in the Alternative Energy Global

August 19, 2010 — Fusion DigiNet

In 2009, the demand for worldwide energy saw its first decline since 1982, according to a new report from IMAP. However, the combined revenue of the three major sources of alternative energy was $144.5 billion, up 15.8 percent from 2008. Government support, including stimulus packages, helped to boost the global capacity for wind by 31 percent, solar by 47 percent and biofuels by 21 percent. Additionally, for the first time in 2009, energy smart technologies such as digital energy applications, power saving appliances and electric vehicles attracted more venture capital and private equity investment than any other renewable energy technology. Although the industry faced the 2009 financial crisis in North America and Europe, its long-term growth fundamentals remain intact.

From the second quarter of 2009 through the second quarter of 2010, the industry saw 391 transactions, valued at $20.4 billion in total transaction value, up 54.8 percent in deal value versus the previous period. Solar and wind accounted for nearly 58 percent of total dollar volume for the period. In terms of country, China saw the highest transaction value of $5.4 billion with a total of 23 transactions during the last 12 months. The U.S. came in second with a transaction value of $2.6 billion from 72 transactions, followed by Spain, the Philippines and India. Among regions, Asia led with a total of 63 transactions, followed by Europe with 183, North America with 110 and the Middle East with 4.

In the future, the growth of energy demand will be largely concentrated in developing economies due to the high demand in these regions. As emerging markets rapidly expand their power generation capacity, IMAP advisers predict they will focus on wind, solar, bio and hydropower.

For more information about the The 2010 Alternative Energy Global Report go to www.imap.com

Posted in B2B Services, Energy & Environmental Services, ~Asia, ~Europe, ~Latin America and Caribbean, ~Middle East & Africa, ~North America, ~Oceana. Leave a Comment »

Coastal Capital Acquisition acquires Planet Impact

August 19, 2010 — Fusion DigiNet

Coastal Capital Acquisition has acquired 100% of the shares of Planet Impact through a share exchange agreement in which Mr. Michael Lambert (current CEO of Planet Impact Inc.) and Mr. Stephen Remondini, (current President of Planet Impact Inc.) join the Board of Directors of the Company.

“We have been in discussions for 5 weeks with Mr. Remondini’s team and believe that the ‘green business model’ will create significant value for the shareholders of CCAJ,” stated Jeff Berkowitz, past President and CEO of the Company. As a result of the transaction Mr. Berkowitz has resigned as an officer and director of the Company, effective immediately, and Mr. Tracey Anderson will assist the new Board in the transition and resign effective August 27th. Mr. Berkowitz further added, “We have been through many opportunities and iterations of the Company over the last 4 years and I believe this transaction will bring lasting stability and infinite opportunities for CCAJ and its shareholders.”

Planet Impact distributes innovative energy-efficient carbon emission and water purification products designed to meet the burgeoning demands of government, industry, agriculture, consumer and recreational needs, humanitarian assistance, and emergency response. Planet Impact’s flagship products include; the Vitalizer™ for the reductions of carbon emissions, and the Aqualizer™ and AquaMaster™ for water purification, disinfectants and desalination.

As a result of the transaction, Mr. Remondini will accept the role of Chairman and President of the Company, Mr. Lambert will accept the position of Chief Executive Officer and Director. “We are excited about entering into a transaction of this type because of its potential to provide additional resources by which we can grow the company at a faster pace in this economy and create greater opportunities for the shareholders,” stated Mr. Remondini. He added, “We are big on communicating the ‘Green Message’ to the investing public, and to educating as many people as possible about the Company’s mission and our planned approach into multiple green markets. As a result of this desire, we will hold an investor conference call within the next few weeks, and will inform the public in advance of the date and time.”

USA, Atlanta, GA

Posted in B2B Services, Energy & Environmental Services, ~North America. Leave a Comment »

Summer Street Capital invests in Action Environmental Services

August 19, 2010 — Fusion DigiNet

Summer Street Capital Partners, a private equity fund based in Buffalo, NY, has completed an equity investment in Action Environmental Services, a provider of waste management services for the business community in the City of New York.  The investment will support the acquisition of select New York City assets from Republic Services. “The addition of these assets, including two transfer stations, positions Action to serve our customers more effectively in the highly competitive and demanding New York City market,” said Ron Bergamini, Action’s CEO.

Bergamini continued, “We look forward to continuing to provide the local university, hospital, sports stadium, and corporate market with impeccable collection services and state of the art technologies designed to help them meet their ‘green’ objectives to reduce, reuse and recycle.”   The two new transfer stations will enable the company to increase the quantity and quality of their recycling capabilities, further advancing Action’s mission to be the foremost environmentally friendly collection & recycling provider in the city.

Brian D’Amico, Summer Street managing partner and head of the firm’s environmental services investment team, commented: “After working and investing together in a successful environmental services company in the early 2000s, we are thrilled to have the opportunity to invest again in support of the talented team at Action.”  Summer Street joins Ironwood Capital as private equity partners to finance the acquisition of these strategic assets.

USA, Buffalo, NY

Posted in B2B Services, Consultancy, Energy & Environmental Services, ~North America. Leave a Comment »

SKM acquires sustainability, environmental and health and safety consultancy Enviros

August 13, 2010 — Fusion DigiNet

Leading engineering, sciences and project delivery firm Sinclair Knight Merz (SKM) has acquired Enviros, a multi-disciplinary sustainability, environmental and health and safety consultancy in the UK.

Enviros has leading capabilities in climate change and renewables, compliance management, health and safety, sustainable development, and waste and resource management. The firm works across many industries in both the public and private sectors.
  
Since 1996 SKM has completed 57 mergers and acquisitions which have been central to the firm’s strategy to grow with its clients and deliver the world’s leading skills locally.

SKM Chief Executive Officer and Managing Director Paul Dougas said: “The synergies are powerful and obvious. Our growth continues to be driven by the expansion of our clients’ needs and operations. We remain in a perfect storm of economic, social and environmental challenges. Helping our clients meet those challenges and making the most of the opportunities they represent is part of our DNA.

“The fact is that Europe leads the world in sustainability, climate change and environment, and Enviros is a leading firm in this space. This expands our strategic consulting capability which we already export globally through our virtual teaming approach and many centres of excellence.”

Peter Portlock, Enviros Managing Director said: “I am delighted that Enviros has joined the SKM Group. Business needs and cultures are perfectly aligned with this transaction. The Enviros mission to ‘help our clients do business today and have the world they want tomorrow’ fits perfectly with SKM’s business, culture and values.”

Recent feedback from SKM clients indicated that almost half think that climate change is a significant short-term risk, with this concern increasing to seven in ten when a 10 year time frame is considered. This acquisition is an immediate response to client need and expands SKM’s capabilities, with Enviros people bringing great skills in sustainable development, climate change and strategic consulting generally, and bolstering the firm’s European presence.

More about Sinclair Knight Merz: SKM is a leading engineering, sciences and project delivery firm, founded in 1964. Its purpose is to deliver a positive and enduring impact on the world. With 6,500 people in offices across Australia, New Zealand, Europe, the Middle East, South America and Asia, it serves clients in the Buildings & Infrastructure, Power & Energy, Mining & Metals and Water & Environment sectors. SKM has been operating in the UK since 1997 and employs 350 people across eight offices in the UK and Middle East. Website: www.skmconsulting.com

Location, UK, London

Posted in B2B Services, Consultancy, Energy & Environmental Services, ~Europe. Leave a Comment »
« Older posts
Newer posts »