EMAIL DETAILS

There is no pitch book or current opportunity to invest in DuCool
right now. Matlin Patterson pretty much has that locked up. The
investment opportunity would likely be on the Aqua side. I'll see
what they have. The trick is whether it would be considered a co-
invest opportunity or not. The agreement was Matlin is going to put up
to $60 million into DuCool but that Aqua would not take any investment
from Matlin. We have been told that Aqua would like additional
capital at some point soon (in the 5-10m range I believe) and we'd
have the opportunity to invest or help place that. (Aqua will benefit
from DuCool's $60m because they share the same production facilities -
hopefully to be located in DE.)

We will organize a meeting/call in the coming week or two with them
and anyone in the NY office appropriate to focus just on what the
investment opportunity is.

Eric D. Schwerin
eschwerin@rosemontseneca.com

Sent from my iPhone

On Apr 26, 2010, at 8:56 AM, "Neil Callahan" <ncallahan@rosemontseneca.com
> wrote:

> Eric,
>
>
>
> Did we ever get the Pitch Book for investing in DuCool/Aqua? We’d l
> ike to get it in front Devon and David to evaluate.
>
>
>
> Best,
>
>
>
> Neil
>
>
>
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>
> Neil Callahan
>
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>
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