RSS
Market and Sector Type: 
Cleantech

Green VCTs to focus on organic waste projects

Article Date:  Nov 23 2009

Acuity Capital Management is launching two venture capital trusts (VCTs) to invest in environmental infrastructure projects in the UK.

The twin-structure Acuity Environmental VCTs 1 and 2 are seeking £20 million between them to invest in projects focused on the disposal of organic waste and the conversion of that waste to energy. Their launch follows the imposition of ambitious government organic waste recycling targets for local councils.

Investment will be through a combination of secured debt and equity, targeting a tax-free running yield of 10 per cent and the return of investors' capital within seven years.

Acuity's aim is to invest in eight to 12 sites, with each site backed by at least a ten-year contract with a local authority or a company establishing a fixed volume of waste at a set price. Commissioning and building each site will take up to 12 months, after which it is expected to be cash positive, enabling the payment of dividends to investors in the second year of the VCTs' life.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

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’.

Secure early payment for your unpaid invoices with Simply Business

Simply Business works with a carefully selected panel of the UK's leading factoring and invoice discounting providers. Find out your cash flow options in minutes, you could have 90% of your invoices paid in 24 hours. To find out more click here

Advice and strategic insights for CEOs and entrepreneurs

Receive free weekly news, advice and strategic insight for CEOs and entrepreneurs growing their businesses. Find out more or sign up today.

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: IPO & City News

Jeyes in £20 million refinancing

Hygiene product company Jeyes, which is part-owned by private equity firm LGV Capital, has secured an asset-based lending facility worth £20 million.

Growth companies to benefit from fundraising bonanza

As much as £300 million is expected to be raised this tax year for investment in growing businesses, according to fund managers.

Jaeggi to chair The Founders Club

A network of VC-backed entrepreneurs who agree to share profits from their exits has appointed private equity chief André Jaeggi as group chairman.

More Cleantech: IPO & City News

Waste treatment fund nets £17.5 million

New Earth Solutions, a Dorset-based waste treatment and renewable energy company, has raised £17.5 million for its investment sub-fund in the fund's first year.

Frog Capital doubles recycling company stake

London-based venture firm Frog Capital has doubled its stake in industrial recycling business SiC Processing by purchasing shares from other investors.

Expansion funding for German biogas company

agri.capital, an operator of biogas plants in Germany, has received €10 million (£9 million) from investors including AIM-listed Ludgate Environmental Fund.

FTSE Environmental Index launched

An index has been launched to track the performance of 450 green companies worldwide. The FTSE Environmental Opportunities All-Share Index has been produced by environmental investment specialist Impax Group in partnership with FTSE and contains companies from the new energy, waste management and pollution control sectors.

LCA exits Heliodynamics

Low Carbon Accelerator (LCA), an AIM-listed investor in low-carbon technologies, has disposed of its entire shareholding in solar power specialist Heliodynamics. The progress of the company, in which LCA had a significant minority stake, had lagged the investment firm’s expectations.

Advertisement

Related articles

Growth companies to benefit from fundraising bonanza

As much as £300 million is expected to be raised this tax year for investment in growing businesses, according to fund managers.

Levett predicts good year for VCTs

Tim Levett, the chairman of NVM Private Equity, believes that venture capital trusts will raise £250 million this tax year.

Jaeggi to chair The Founders Club

A network of VC-backed entrepreneurs who agree to share profits from their exits has appointed private equity chief André Jaeggi as group chairman.

AIM-listed LitComp taken private

Mid-market investor Maven Capital Partners has backed the public-to-private acquisition of insurance business LitComp.

Poll

Which currency will gain most this year?





Have your vote on current issues

People who read this also read

  • Government propping up regional venture capital

    Venture capital (VC) investing outside London and the South East depends heavily on public sector funds, according to a study.

  • Octopus launches Titan VCT 4

    Early-stage and growth investor Octopus Investments is seeking £25 million for its Titan 4 venture capital trust (VCT).

  • Alchemy Partners exits EPS

    Venture capital investor Alchemy Partners has sold its stake in Environmental Property Services (EPS), a maintenance company.

  • Wellington backs Heliatek

    German solar cell producer Heliatek has received $27 million (£16.3 million) in a funding round led by venture capital firm Wellington Partners.

  • 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.

Latest VC Deals

Latest Deal Zone deals
Company Type Date
PrismTech VC Feb 2010
iVision UK VC Feb 2010
Jeyes VC Feb 2010
Synseal Extrusions VC Feb 2010
Mi-Pay VC Feb 2010
AQS VC Feb 2010
HCT Group VC Feb 2010
FDM Group VC Feb 2010

Active Advisers: VCT Fund Manager

Active Advisers
Company Name Tel
Chrysalis VCT Management Christopher Kay; Robert Wilson 020 7486 7454
Rensburg Investment Management Gillian Carter 0113 245 4488
F&C Asset Management Investor Support 020 7628 8000
Albion Ventures Patrick Reeve 020 7601 1850
Seed Capital Matthew Frohn 01865 784 466
Edge Investment Management Gordon Power 020 7317 1300
Rathbone Investment Management Ivan Teare; Michael Cunningham
Climate Change Capital Steve Read; Paul Thomas 020 7939 5000
Ingenious Ventures Frankie Fox 020 7319 4000
     

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