Cleantech
NewQuest, Tsing exit China Hydroelectric to Shenzhen Energy
Publicly-traded Shenzhen Energy has agreed to acquire China Hydroelectric for $542.6 million, paving a full exit for PE backers NewQuest Capital Partners and Tsing Capital.
Hudson commits $100m to Japan, Latin America solar partnership
Hudson Clean Energy Partners has teamed up with independent power producer Sky Solar to develop solar projects in Japan and Latin America. The PE firm will contribute $100 million to the partnership.
Chrysalix, HKSTP form clean energy partnership
Canadian VC firm Chrysalix Energy Venture Capital has partnered with the Hong Kong Science & Technology Parks Corporation (HKSTP) to support cleantech start-ups.
Portfolio: LanzaTech and its VC network
New Zealand-based LanzaTech decided to monetize its anti-pollution technology by recruiting investors in target geographies. Local regulations remain a challenge, but the company is now beginning to scale
Bank of Tokyo-Mitsubishi commits $30m to Asia climate fund
Bank of Tokyo-Mitsubishi UFJ (BTMU) has committed $30 million to Asia Climate Partners, a fund set up by the Asian Development Bank (ADB), Japan’s Orix Corp, and Robeco Institutional Asset Management.
IVFA in part-exit from India's UEM as Toshiba raises stake
Toshiba Corporation has increased its stake in India-based water supply and treatment business UEM to 80%, facilitating a partial exit for India Value Fund Advisors (IVFA), which has backed the company since 2009.
Good Resources commits $93m to finance Go Scale’s Lumileds deal
Good Resources Holdings, a Hong Kong-listed investment firm controlled by Chinese billionaire Kinming Cheng, has agreed to contribute $93 million to the PE-led acquisition of Lumileds, the LED components and automotive lighting unit of Dutch electronics...
CGN PE, Morrison & Co in first close on China renewables fund
JIDA Capital Partners, an investment arm of New Zealand’s HRL Morrison & Co, and Shenzhen-based CGN Private Equity have reached a first close of RMB1.87 billion ($292 million) on their China-focused renewable energy fund.
I Squared backs India rooftop solar player
Global infrastructure investor I Squared Capital has invested an undisclosed sum in Amplus Energy Solutions, an India-based owner and operator of distributed rooftop solar power.
Global Environment Fund commits $11m to India's Concord
Global Environment Fund (GEF), the US-based cleantech-focused private equity firm, has invested $11 million in Indian wastewater treatment firm Concord Enviro Systems.
Tiantu leads $60m round for China electronics recycling site
Consumer-focused GP Tiantu Capital has led a $60 million Series C round of funding for Aihuishou, which claims to be the largest online electronics recycling platform in China.
Adenium Energy, Hudson Clean Energy form $300m Japan solar JV
Dubai-based Adenium Energy Capital and US PE firm Hudson Clean Energy Partners have set up a joint venture that will invest $300 million in Japanese solar power projects.
Navis exits ECO Industrial to China's Beijing Capital
Navis Capital Partners sold ECO Industrial Environmental Engineering, a Singapore-based hazardous waste management firm, to Beijing Capital Group (BCG) for S$246 million ($179 million)
GSR, Go Scale raise $1b for M&A fund, seek to deploy $5b – update
GSR Capital and its affiliate Go Scale Capital has raised $1 billion for a cross-border buyout and M&A fund, which it hopes will translate into $5 billion worth of dry powder once debt financing and co-investment are factored in.
Investors commit $347m to Australian wind farm
Partners Group has led a A$450 million ($347 million) investment in Australia's Ararat Wind Farm project, alongside General Electric (GE), Renewable Energy Systems (RES), and Canadian pension fund OPTrust.
Australia's Future Fund leads $40m round for India solar firm
Australia's Future Fund has led a $40 million investment in Indian Solar power company Applied Solar Technologies (AST). Existing investors Bessemer Venture Partners (BVP), Capricorn Investment Group and the International Finance Corp. (IFC) also participated.
Tembusu backs Singapore energy efficiency business
Singapore-based GP Tembusu Partners has invested in local energy efficiency services start-up Barghest Building Performance (BBP), providing a "seven-figure" mezzanine commitment.
Deal focus: Go Scale out to dominate global LED
Go Scale Capital, a China-based investment fund sponsored by GSR Ventures and Oak Investment Partners, wants to build the world's largest LED company. It has now announced two notable deals in the space, most recently the sale of a majority stake in its...
Go Scale sets up PE exit of China's Lattice Power
Go Scale Capital has led a transaction whereby a majority stake in its Chinese portfolio company, Lattice Power, has been sold to Shunfeng International Clean Energy (SFCE). The sellers will receive HK$2.04 billion ($263 million) worth of shares in Hong...
Mandala commits $15m to India's Godavari Biorefineries
Mandala Capital has invested $15 million in India's Godavari Biorefineries, a producer of foods, biofuels, specialty chemicals and power.
China’s Tsing Capital joins $20m round for GaN Systems
Beijing-based Tsing Capital has participated in a $20 million Series C round of funding for GaN Systems, a Canadian fabless semiconductor developer. Local VC firm Cycle Capital is the lead investor.
China investors agree $3.3b deal for Philips LED unit
A Chinese consortium led by Go Scale Capital will buy an 80.1% stake in Philips’ combined LED components and automotive lighting unit at an enterprise valuation of $3.3 billion.
Mercurius Capital launches $80m PE fund with Chinese firm
Mercury Capital Investment, a subsidiary of Singapore-listed Mercurius Capital Investment, has teamed up with a Chinese real estate developer to launch a RMB500 million ($80 million) PE fund targeting urbanization projects in China.
PE-backed SIIC Environment makes China bolt-on acquisition
SIIC Environment, a Chinese water treatment firm backed by China Investment Corporation (CIC), RRJ Capital and CCBI International, has agreed to buy industry peer Fudan Water for RMB1.55 billion ($249 million).