PE-Backed Big Island Carbon Files For Ch. 7 In Del.

Law360, Wilmington (November 6, 2012, 10:44 PM EST) -- Hawaii's Big Island Carbon LLC, a private-equity funded firm that hoped to cash in by producing premium specialty carbon from the shells of macadamia nuts, sought Chapter 7 protection in Delaware bankruptcy court Monday, listing assets and debts between $10 million and $50 million.

Units of Boston-based PE firm Denham Capital backed Big Island, which invested in the construction of a green production plant to extract granular activated carbon from shells otherwise discarded by the island's growers.

Founded in 2009, Big Island listed about $23.5 million...
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