RSS

Foresight launches leveraged fund for cleantech

Article Date:  Dec 18 2007 Nick Britton

Venture capitalist Foresight and consulting group Mouchel aim to invest up to £50 million in the UK cleantech industry after forming a strategic partnership. Foresight will provide equity finance of up to £10 million, with the balance funded by debt.

Mouchel’s role will be to identify and assess suitable deals and support project development. It will use the experience it has gained from serving clients in the public sector and in industries subject to environmental legislation.

The fund will focus on small-scale, local plants in sectors such as waste processing, water and waste water management, recycling and renewable energy.

Andrea Gysin, Mouchel’s head of technology and investment, explains: ‘While there are many promising solutions which address the challenges around renewable energy and effective waste management, the utilities industry is crying out for more efficient infrastructure to support the roll-out of these solutions.’

Foresight has £150 million under management. It has recently raised a fund of £20 million (unconnected with the fund described above) focused exclusively on investments in cleantech infrastructure businesses.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Trying to raise business finance?

The Vistage Guide to Raising Finance in The New Economy. It tells you what your options are and how best to present your case for business finance. Simply visit www.neweconomyblog.co.uk/rf2 to request your free copy.

Hiscox Business Insurance 

Life’s full of uncertainties, but you never want to be in any doubt about your business insurance. Hiscox offers broad and inclusive business insurance available online. You can tailor a policy to suit your business needs from a broad range of covers. Find out more.

Selecting the right IT strategy in 2010

Owner managers and CEOs of fast-growing companies want IT-applications that accelerate competitive advantage and improve operational efficiency. This free whitepaper helps you plan and choose the right IT strategy for your business in 2010. Download ‘Selecting The Right Software Vendor’.

Research

  • Directors' Pay AIM 2009

    What should an AIM company pay its CEO or FD?
    What should a non-executive director or chairman expect to be paid?
    What benchmarks should AIM remuneration committee members be using when
    setting pay?

VCT Special Report 2009

This reports principle aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest.

Cash Shells Special Report 2009

A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

More

Events Calendar

The Media Magnate Awards 2009

26th March, Vinopolis, London

More

More News: Fundraising Deals

Kromek raises Series D round

A Durham University spin-out with technology to help detect terrorist threats is now valued at £52 million following a fourth round of financing.

ControlCircle raises £6 million

A company which manages data centres and internet connections for websites including KPMG and Rightmove has raised £6 million in growth capital.

HG Tech Fund opens for investment

A new fund is being launched under the Enterprise Investment Scheme (EIS), planning to secure tax breaks for its investors by backing growing companies.

Advertisement

Related articles

Soil recycler secures £2 million

Octopus Ventures has invested £2 million for a 'significant minority stake' in Essex-based soil remediation company AQS.

Pulse Tidal wins EU money for expansion

Sheffield-based Pulse Tidal has secured a grant of €8 million (£7 million) to begin work on its first commercial tidal energy generator.

Ludgate backs New Earth

Waste specialist New Earth Solutions has raised £5 million from AIM-listed Ludgate Environmental Fund as part of a planned £15 million fundraising.

New Earth to raise £15 million

UK waste treatment and green energy company New Earth Group plans to raise £15 million from institutional investors in exchange for a minority stake.

Poll

What should Alistair Darling deliver in the Budget?




Have your vote on current issues

People who read this also read

  • Successful bastards

    Self-centred, tough, ruthless and unpredictable: these are the characteristics of a successful person, according to a book published this week.

  • VC funding for B2B text messaging specialist

    2sms, a Milton Keynes-based provider of text messaging services to businesses, has secured £450,000 in venture capital (VC) to expand its business in the US. The funding comes from regional VC fund The Capital Fund, which contributed £250,000, and private investor Richard Goldstein, who has joined the company’s board.

  • Management buys Bottlegreen

    Bottlegreen Drinks Company, a supplier of elderflower-based food and drink, has been acquired in a management buy-out for an undisclosed sum. Piper Private Equity backed the deal with £5 million, while HSBC’s Leveraged Finance team provided debt.

  • Why Silicon Valley rocks

    Silicon Valley is like a supermarket for entrepreneurs – everything is available within a few square miles, from finance to technology teams, lawyers, networks and resources, and of course it’s sunny.

  • Investors bullish on oil outlook

    Investors are becoming increasingly bullish on the oil price outlook, finds ETF Securities (ETFS).

White Papers

Better Roads

Serves the information needs of governments and construction contractors involved in Federal, State, County, City and Township highway, road and bridge construction, winter maintenance, roadside and vegetation management and other highway-related projects.

Defense Technology International

Is the one publication focusing on the critical role of defense technologies in programs, policies, programs and funding, providing readers with integrated intelligence and global perspective in Land, Sea, and Air.

FierceGovernmentIT

Is a free, three times a week email briefing for government employees and contractors on the latest government technology news.

More