Cycleenergy Receives EUR 6.7 million Investment form 3TS and Ventacc

Leading growth capital investor 3TS Capital Partners, backed by London’s 3i, led a round of investments into Austrian bio-energy group Cycleenergy. 3TS Central European Fund II invested EUR 4.3 million, while founding shareholder Ventacc invested EUR 2.4 million. The EUR 6.7 million closing will be used to expand Cycleenergy’s infrastructure and capacity.

Cycleenergy (www.cycleenergy.at)
Bio-energy group Cycleenergy focuses on renewable energy solutions for the decentralized, rural communities of Central and Eastern Europe. Building and operating biomass and biogas plants that use the combined heat and power method, Cycleenergy has a capacity of 150 MW. The company is in construction of an additional 5.5 MW plant in northern Austria that uses woodchip fired biomass as a power source. Adaptation is an important element to Cycleenergy’s success, as it can alter the fuel that it uses to whatever available waster products are in the region or surrounding areas.

The company plans to invest an additional EUR 100 million for further construction and acquisition over the next few years.

3TS Capital Partners (www.3tscapital.com)
3TS Capital Partners is one of the leading private equity and venture capital firms in Central and Eastern Europe operating in the region through offices in Budapest, Bucharest, Prague, Vienna and Warsaw.

3TS is the exclusive adviser of funds totalling € 166 million targeting investments in growth sectors including technology, media and communications, clean-tech and business services. Investors in the Funds include 3i, Sitra, EBRD and KfW among others.