Subject: Re: DuCool/Aqua Sciences
From: "Eric Schwerin" <[email-masked]>
To: <[email-masked]>
Cc: "Hunter Biden" <[email-masked]>, "Mike Muldoon" <[email-masked]>, "Devon Archer" <[email-masked]>
Date: Mon, 26 Apr 2010 09:17:55 -0500

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
[email-masked]

Sent from my iPhone

On Apr 26, 2010, at 8:56 AM, "Neil Callahan" <[email-masked] 
 > 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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