ESolar Inc., the General Electric Co.-backed maker of concentrated-solar systems, received $22 million from existing investors including Oak Investment Partners to expand in the Middle East and North Africa.
NanoH2O Inc., a manufacturer of reverse-osmosis membranes that purify seawater to drinking quality while lowering the cost of desalination, is being purchased by Seoul-based LG Chem Ltd. for $200 million.
Prescient bets against the stock market have helped endowment manager Alice Handy regularly beat the Standard & Poor’s 500 Index. Handy, who manages money for Smith, Barnard and Middlebury colleges at a firm she founded called Investure LLC, has also done something more satisfying: vanquish Harvard and Yale.
Moelis & Co. will help underwrite a $300 million bond offering for Aspect Software Inc. as the investment-banking firm seeks to diversify into capital markets from advising companies on mergers and restructurings.