MONTREAL, March 29 /CNW Telbec/ - Emerald Technology Ventures, formally
SAM Private Equity, is pleased to announce it has closed its second cleantech
focused venture fund with commitments of EUR 135 million (CA$210 million).
Strong investor demand helped Emerald exceed its original target for the new
fund. Emerald is a global leader in cleantech venture capital and will
continue to invest in early and expansion stage companies primarily located in
North America and Europe.
Investors in the new fund are leading investment companies, financial
institutions and multinational corporations from around the globe including:
Caisse de dépôt et placement du Québec - Canada, GIMV - Belgium, Rabobank -
Netherlands, Axpo Holding - Switzerland, Springbridge Limited (Advised by
Consensus Business Group - UK), Credit Suisse - Switzerland, Deere & Co. -
USA, DSM Venturing - Netherlands, Dow Chemical Co. - USA, KPC Energy Ventures,
Inc. - Kuwait, Piper Jaffray Private Capital - USA, Suncor Energy Inc. Canada,
Unilever Technology Ventures Advisory Company LLC - USA and Volvo Technology
Transfer AB - Sweden.
"The quality of our investor base is a testament to the competence of our
investment team" commented Gina Domanig, Managing Partner of Emerald. "It also
provides our portfolio companies with direct access to some of the most
influential companies in the world".
Emerald has already made two investments from the new fund which includes
Identec Solutions, an Austrian-based developer of wireless tracking and
tracing solutions for numerous industries including transportation and
logistics, and Vaperma Inc., a Canadian-based developer of polymer membrane
technology for applications in ethanol and natural gas production.
"We are pleased to have helped consolidate all North American activities
of this world-class firm in Montreal," said Eric Legault, Director,
Investments at the Caisse. "Canadian companies in this promising sector now
have access to a unique expertise and an international network to support
About Emerald Technology Ventures
Emerald Technology Ventures AG is a global leader in cleantech venture
capital. Founded in 2000 under the name SAM Private Equity, Emerald is a
pioneer in this rapidly emerging sector and is focused on innovative
technologies in energy, materials and water. From offices in Zurich,
Switzerland and Montreal, Canada, Emerald manages three venture capital funds
and two venture capital portfolio mandates totalling over EUR 285 million
(CA $430 million). Emerald is currently investing out of its latest fund and
is looking for energetic and passionate entrepreneurs with the vision to build
world-class clean technology companies.
About the Caisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and insurance
plans. As at December 31, 2006, it held $143.5 billion of net assets. The
Caisse invests in the main financial markets as well as in private equity and
real estate. Its private equity team focuses on companies with the potential
for strong growth and returns. The institution partners with dynamic companies
in various sectors, offering them a full range of financing products, with
emphasis on equity investments and loans. The private equity portfolios held
$16.8 billion of net assets as at December 31, 2006.
For further information:
For further information: Scott MacDonald, Investment Director, (514)
789-6458, Fax: (514) 286-9817, firstname.lastname@example.org; Annie
Vallières, Adviser, Media Relations, Caisse de dépôt et placement du Québec,
(514) 847-5493, email@example.com