|
|
Article: Austria: Cycleenergy raises 10 mln for biomass expansion.
- Article from:
- TendersInfo
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Vienna-based biomass power plant developer and operator Cycleenergy Beteiligungs- und Management AG has secured 10 million in second round funding, the company said in press release.
Lisbon-based New Energy Fund (NEF) led the round with 6 million, together with participation from existing shareholders 3i, a London-based fund advised by 3TS Capital Partners and Cycleenergy GmbH. NEF is managed by Banif Investment Managers, a leading Portuguese private equity and asset management company owned by Banif Investment Bank.
The funding, which brings the total investment in Cycleenergy to approximately 60 million (hereof 17.5 million in equity), will allow the ...