DGAP-News: Mountain Cleantech AG: Mountain Cleantech Fund II announces first close, raising EUR23m
(firmenpresse) - EquityStory AG-News: Mountain Cleantech AG / Key word(s): Funds
Mountain Cleantech AG: Mountain Cleantech Fund II announces first
close, raising EUR23m
20.10.2011 / 14:48
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Zurich, 20 October 2011 - MOUNTAIN CLEANTECH AG - Swiss investment firm
Mountain Cleantech AG today announces the first close of Mountain Cleantech
Fund II ('Fund II') at EUR23 million. With a target fund size of EUR100
million, Mountain Cleantech Fund II aims to become the largest dedicated
growth equity Cleantech fund in the German-speaking and Nordic regions.
Fund II follows the success of Mountain Cleantech's first dedicated
Cleantech fund, which demonstrated the team's ability to drive top-line
growth and create value within its portfolio companies even through the
recent financial crisis. A full exit from solar waste recycler SiC
Processing AG to Nordic Capital in 2010 generated one of the highest
investment returns in the European Cleantech space in recent years.
Despite the challenging environment for fundraising, Fund II has attracted
a diverse group of investors, including a strategic corporate cornerstone
investor, funds-of-funds and leading family offices.
Drawing on Mountain Cleantech's knowledge of the Cleantech space, Fund II
will seek investment opportunities primarily in the renewable energy,
energy efficiency, recycling and new materials sectors. These markets
continue to show strong growth, driven by increasing resource demand,
concerns over security of supply, climate change considerations and
political support.
Target investment regions for Fund II are primarily the German-speaking
countries (Germany, Austria, Switzerland) as well as the Nordic countries.
These markets lie at the cutting edge of much Cleantech development, but
are relatively poorly served by sources of venture capital for growing
companies - a need which the Fund will help to satisfy.
The investment process will be managed by Mountain Cleantech's ten-person
technology team, which consists of investment professionals and senior
advisors with deep expertise in private equity and technology. Prior to its
first closing, Fund II had already entered into detailed negotiations with
several target companies and aims to execute the first investments in Q4
2011.
Jürgen Habichler, Founder and Managing Partner of Mountain Cleantech AG,
comments:
'The first close of Mountain Cleantech Fund II is a positive milestone for
Mountain Cleantech AG and European Cleantech in general considering the
current challenging fundraising climate. The strong demand we have seen
from investors is a clear signal of their confidence in the Cleantech
market and in the credentials of our investment team. We are confident of
securing additional investor commitments and of achieving the target fund
size in 2012. We look forward to executing the exciting deals we have in
our pipeline, helping these companies to realise their full potential and
generating strong returns for our investors.'
About Mountain Cleantech AG
Mountain Cleantech AG (www.mountain-cleantech.ch) was founded in 2007 and
is headquartered in Wädenswil/ Zurich, Switzerland. It is the Investment
Advisor of Mountain Cleantech Fund II which focuses on growth equity
Cleantech investments in the German-speaking and Nordic regions. The native
German-speaking Investment Team combines extensive Operational, Cleantech
and Growth Capital investment experience.
Contact
Jürgen Habichler
Phone: +41 44 78 38 041
Email: contact(at)mountain-cleantech.ch
Website: www.mountain-cleantech.ch
End of Corporate News
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Language: English
Company: Mountain Cleantech AG
Fuhrstrasse 12
8820 Wädenswil
Switzerland
Phone: +41 44 78 38 041
Fax: +41 44 78 38 040
E-mail: contact(at)mountain-cleantech.ch
Internet: www.mountain-cleantech.ch
End of News EquityStory AG News-Service
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