In this week’s news, we saw a lot of water activity focused on the oil & gas industry, with a $30MM IPO of MyCelx Technologies, Veolia’s use of induced gas flotation systems for an oil sands project in Canada, and ProSep’s launch of a new seawater treatment and water injection solution specifically for the oil & gas industry. Detail on these stories and more can be found below:
- Pall Corp signed a definitive agreement to acquire its long-time Brazilian distributor Engefiltro, strengthening Pall’s activities in the fast-growing Latin American market.
- Thames Water issued a €113 million 11-year bond, with a real yield of 2.30%, linked to Eurozone inflation. The Company continues to be comfortably funded, and is likely to return to the public bond market after its new CFO joins in September.
- A $30 million IPO of MyCelx Technologies, a water technology company that removes emulsified and dissolved hydrocarbons in water to below 10 parts per million, is expected to be listed on London’s Alternative Investment Market in late July / early August. The company, which is moving out of the development phase ahead of a dedicated sales push as its order-book grows, has an