Greenleaf Power LLC, the leading owner and operator of North American renewable energy biomass power plants, has announced the closing of a US$100 million growth capital facility, the proceeds of which will be used to fund the continued rapid growth of the company through acquisitions.
Babson Capital Management LLC, a member of the MassMutual Financial Group, is the agent for the financing institutions under the financing. EA Markets LLC and its affiliates, a corporate finance advisory and capital investment firm headquartered in New York, NY, acted as the exclusive financial advisor and placement agent to Greenleaf on the transaction.
The Greenleaf team has acquired five biomass facilities, representing approximately 145MW, since its inception. It is a portfolio company of Denham Capital, a leading energy-focused global private equity firm with more than $7.9 billion of invested and committed capital across seven fund vehicles and offices in London, Boston, Houston, São Paulo and Perth.
Greenleaf Power acquires, develops, owns and operates power projects that utilize residual biomass as fuel. Greenleaf Power currently owns and operates more than 145MW of biomass generating assets in North America.Greenleaf Power is backed by Denham Capital.
Babson Capital Management LLC is a leading global asset management firm with over US$198 billion in assets under management. Through proprietary research, analysis and a focus on investment fundamentals, the firm and its global affiliates develop products and strategies that leverage its broad expertise in global fixed income, structured products, middle market finance, commercial real estate, alternatives and equities. Babson Capital maintains a strong global footprint, with operations on four continents and clients in over 20 countries.