Energy 21, a leader in the Czech solar energy market, has reached a deal with CEE private equity firm Mid Europa Partners that will provide much needed capital to aid their growth in Eastern Europe. Mid Europa announced this week plans to acquire a strategic stake in Energy 21 and provide a new infusion of equity. The company hopes to build on the Energy 21 deal, increasing its presence in the region’s renewable energy sector.
Energy 21 (www.energy21.cz)
Energy 21 was established in 2007 as an investment company focused specifically on the renewable energy sector both in the Czech Republic and around the world. The company designs, develops, constructs, and operates solar power plants. Additionally, Energy 21 produces photovoltaic technologies for other clients and is among the industry leaders in the Czech Republic. Its current total generating capacity is 26 MW, but plans to increase that to 75 MW are already being developed.
Mid Europa Partners (www.mideuropa.com)
Mid Europa Partners is a London-based private equity firm active in Central and Eastern Europe since 1999. Between its three funds, AIG Emerging Europe Infrastructure Fund LP, Emerging Europe Convergence Fund II, and Mid Europa Fund III, the firm manages total assets near €3.2 billion.
Sectors of interest include energy, health care, logistics, manufacturing, media, pharmaceuticals, telecom, and transportation. Mid Europa Partners maintains offices in London, Budapest, and Warsaw.
16/05/2010
Central & Eastern Europe, Czech Republic, Environment & Cleantech, Investment, Private Equity News