May 18, 2009
Based in Munster, Germany, agri.capital is a company that is leading the market in the pure play renewable energy and has developed and also runs biogas plants throughout Europe. Today, agri.capital announced that it has raised 60 million($81,257,269.64) in private equity with TCW Group leading the funding and existing investors also participating. Agri.capital’s existing investors are Altima Partners, Green Partners, Halcyon, and Ludgate Environmental Fund.
Agri.capital GmbH is a company that plans, builds, finances and operates plants that can produce self-renewing energy from bio masses. The company is also a leader in Germany’s heat and electricity production from plants that use biogas as their energy source. How does this work? The way agri.capital produces heat and electricity from biogas is by tapping into a landfill and exploiting the pure natural gas produced by the decaying garbage and then channeling this biogas to modules which produces over 500 kilowatts of electricity. The company runs operations throughout Germany and Austria.
Proceeds from this round of funding will go to further agri.capital’s growth to new areas in Europe and seek new acquisitions.
According to Peter Stepany, co-CEO of agri.capital, this round of funding is a great accomplishment for agri.capital GmbH. Furthermore, the company plans to maintain its leadership in the European biogas market. Furthermore, Jean-Daniel Borgeaud, managing director of TCW’s Energy and Infrastructure Group, added that the addition of another German company in the renewable energy industry to invest in. Agri.capital GmbH looks to be a good investment for TCW, because of the company’s management team and market leadership in the European renewable energy and biogas marketplace.
Since 1982, TCW has been funding clean tech and renewable energy companies with its European Energy Fund and the Energy and Infrastructure Group. TCW does business in Europe, Canada, and the United States. The fund from both branches of TCW offer capital to companies which produce innovative environmental friendly energy technologies ranging from hydroelectric generators to biogas and solar power.
Altima Partners was founded in 2002 and runs a $2.9 million hedge fund. Altima has offices in London and New York and mainly provides returns for its investors by having its venture capitalists take a position in companies that are either underfunded or are good cash generators.
Based in New York, Green Partners is a private investment firm that invests in environmental friendly and renewable energy industries worldwide.
Halcyon was founded in 1981 and has over $7 billion under its management. Halcyon is privately owned and has 12 partners with offices in New York and London. Halcyon operates globally with clients in many countries, including the United States, Canada, Latin America, the United Kingdom, Europe, Japan, and more.
For more information about agri.capital, click here.