SOURCE: Cascadia Capital

Cascadia Capital

March 30, 2011 09:00 ET

Cascadia Capital Advises Plasco in $143 Million Growth Equity Financing Deal

Financing Represents One of the Industry's Largest Waste-to-Energy Investments

SEATTLE, WA--(Marketwire - March 30, 2011) -   Cascadia Capital (http://www.cascadiacapital.com), a diversified, boutique investment bank serving both private and public growth companies around the globe, today announced that it served as the exclusive financial advisor to Plasco Energy Group, an innovative technology company that converts post-recycled municipal solid waste into green power, in its $143 million growth equity financing. The new financing follows a C$110 million equity commitment in July 2010, making this one of the largest waste-to-energy growth equity financing transactions in the market to date. The investment, led by funds managed by Soros Fund Management LLC, will be used to support commercial projects in development in Canada, the United States (California), the United Kingdom, Poland, the Caribbean, and China.

"This round of equity financing represents a landmark deal for Plasco and the sustainable industry as a whole," said Michael Butler, chairman and CEO of Cascadia Capital. "We believe this is the first in a series of sizable investments the industry will experience in the coming year as the world continues to place a spotlight on alternative energy sources and renewable energy technologies mature."

Based in Ottawa, Plasco uses its proprietary technology to convert municipal solid waste (MSW) into PlascoSyngas, clean water and construction aggregate. PlascoSyngas is then used to fuel engines to produce electricity with a low emissions footprint, leaving less than two percent of the MSW processed for disposal to landfills. Plasco is an ideal green alternative for municipal waste management as it offers an economical and environmentally superior alternative to landfilling and incineration. 

Cascadia Capital has a longstanding track record for success in the sustainable industries sector and has been a key player in some of the industry's most significant transactions. These transactions include Prometheus Energy's funding from Shell Technology Ventures, and FRX Polymers funding from Israel Cleantech Ventures & Capricorn Venture Partners. Having entered the sector early in its lifecycle, Cascadia has worked with institutional investors, growth-stage companies, consolidators and project developers to facilitate strategic buy-side and sell-side M&A and drive strategic investments.

About Cascadia Capital, LLC
Cascadia Capital is a diversified, boutique investment bank serving both private and public growth companies around the globe. Cascadia's business is diversified in terms of the industries the firm covers -- Information Technology, Sustainable Industries, and Middle Market -- and in terms of the range of advisory services it provides -- Mergers and Acquisitions, Corporate Financing and Strategic Advising. This diversification provides the firm with stability amidst market fluctuations. Cascadia is a pure advisory firm and unlike other investment banks, is not conflicted by trading, lending, research or cross selling business. For over a decade, the firm has delivered the best outcomes for clients based on its transaction experience, domain expertise and commitment to building long-term relationships. Cascadia always acts in the long-term interests of its clients, and honors its position as a trusted advisor. For more information, visit http://www.cascadiacapital.com.

Contact Information

  • Contact:
    Karli Overmier
    Barokas PR for Cascadia Capital
    Email Contact
    206-264-8220