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.
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.
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.
Oak Investment Partners and Gobi Partners said a New York state judge granted their requests to attach $60 million in assets they claim they’re owed by VisionChina Media Inc. in a breach-of-contract lawsuit.
NanoH2O Inc., a manufacturer of reverse-osmosis membranes that cut the cost of energy for seawater desalination facilities, plans to build a plant on the Yangtze River delta to tap China’s industrial water needs.