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UK – Consultancy group Mouchel and venture investor Foresight Group will partner to invest up to £50 million SWEDEN - Nordic investor Ratos and 3i have refinanced wind turbine manufacturer DIAB for SEK1 billion. SPAIN - Private equity firm Gala Capital has managed to sell its 6.9% shareholding in renewable energy group Cesa Eólica for €50 million to energy player Acciona.
First published in Cleantech magazine, January/February 2008. Copyright Cleantech Investor 2008
UK – Consultancy group Mouchel and venture investor Foresight Group will partner to invest up to £50 million in small-scale, local plants across the UK in key cleantech sectors such as waste processing, water and wastewater management, recycling and renewable energy generation. The financial arrangement will see Foresight providing £10 million in equity while the remainder will represent debt financing.
SWEDEN - Nordic investor Ratos and 3i have refinanced wind turbine manufacturer DIAB for SEK1 billion. The backers have mentioned the company’s robust performance and the opportunity to create a more efficient capital structure as the drivers behind the refinancing.
SPAIN - After a long legal battle with its former co-investors, Spanish private equity firm Gala Capital has managed to sell its 6.9% shareholding in renewable energy group Cesa Eólica for €50 million to energy player Acciona. The deal means that Cesa is now wholly owned by Acciona, which has offloaded the stake from Gala – due to a clause in the ownership contract, the private equity firm could not sell its shareholding for 20 years.
Renewable energy private equity firm GP Abraxa Integrated Financial Solutions has received the green light from regulator CNMV to start operations of its two funds Abraxa Capital Privado II and Abraxa Capital Privado III. The capital committed to both vehicles, managed by former executives of PAI Partners and PricewaterhouseCoopers, totals a reported €18 million.
UK/ASIA: AIM-listed, Asian limited partners London Asia Capital will back the US$200 million London Asia Clean Technology Fund with US$5 million (£2.5 million). The vehicle will be focused on providing growth capital to worldwide late-stage cleantech businesses supplying technology or services applicable to Asian markets.
“The initial investment by London Asia enables the Fund to begin securing deals and investing immediately,” said director Simon Littlewood.
“The London Asia Group will seek to acquire technology and businesses from the West and take them into the Asian and Middle Eastern markets, which are cash rich but often lack the technology to solve their environmental and resource problems,” he added. |
