Each week our research team tracks cleantech transactions across the globe. This week we recorded 75 investments, nine M&As, 153relationships and 25other news items. Below are some of the highlights. The complete version of the weekly roundup can be found here.
New Investments
- REpower Systems received $86,000,000 from Suzlon Energy. Suzlon has purchased all remaining stake from REpower System’s minority shareholders. Suzlon now owns 100% of REpower System.
- Novomer received $10,000,000 from Flagship Ventures, KensaGroup, OVP Venture Partners, and Physic Ventures. This financing round is disclosed via a regulatory filing.
- ADA-ES received $30,500,000 from Baird. The company offered 2 million common stock at $15.25 per share.
New Mergers & Acquisitions
- OpenCEL was acquired by Trojan Technologiesfor an Undisclosed Amount. OpenCEL will operate as a division of US Peroxide, a Trojan Technologies business headquartered in Atlanta, GA.
- Southtex Treaters was acquired by Kinder Morganfor $155,000,000. Kinder Morgan further grows its natural gas treating business with this acquisition.
New Relationships
- Sainsbury’s and Biffahave formed a Development Partnership. Biffa’s Anerobic Digestion Facilities will process the majority of Sainsbury’s waste food over the next 3 years.
- Itron added Hong Kong Water Supplies Departmentas a Customer. Itron has been contracted to supply 400,000 water smart meters by the Hong Kong Water utility.
- General Electric added BP Wind Energyas a Customer. GE to supply 350 wind turbines under a $750 million contract for wind farm projects in Kansas and Pennsylvania.
Top News
High-Tech Gruenderfonds Management: “High-Tech Gründerfonds launched second fund with a volume of €288.5 million (~$410.2 million).”
GE Energy Financial Services: “GE Energy Financial Services and German fund KGAL are investing a combined 111.1 million euro ($157 million) into a solar power plant using molten salt energy storage in Badajoz, Spain.”
Mercia Fund: “Mercia Fund Management launches Mercia Growth EIS technology fund which spans medical technology, clean technology and electronics, telecoms and software.”
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