Seven Seas Water to buy up water purification companies in Caribbean
Seven Seas Water, a water desalination and purification company in St. Thomas, Virgin Islands, has recieved $20 million to buy up similar companies in the sector.
According to VentureWire (sub required), the company is backed by buyout firm TPG, venture firm DFJ Element Venture Partners, and Douglas Brown, the former chief executive of water purification and desalination company Ionics Inc..
According to the report, Seven Seas Water has received commitments for up to $100 million from TPG and DFJ Element.
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