NEW YORK, June 7, 2012 /CNW/ - As part of its continued migration from a renewable energy only fund to a broad energy investor, Good Energies Capital announced today that it is changing its name to Bregal Energy. Although the fund will continue to invest in renewables, the primary focus of future investments will be in the traditional energy sector throughout North America. The name change comes two years after the fund began investing outside renewables. In addition to renewable power, Bregal Energy has already invested in E&P, gas midstream, biomass/biofuels, thermal power plant development and transmission development. Beyond these sectors, the fund aims to make investments in energy related services and storage, among others. Bregal Energy targets equity investments in individual companies of between $15 million and $75 million in both control and non-control situations.
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The name change more closely identifies the fund with the other private equity assets within Bregal Investments. Bregal Investments has invested over $9 Billion since 2002. Bregal Investments is the private equity investment business of Cofra Holding AG and has several Private Equity Funds and Fund investment vehicles.
"We are excited about the deep capability within the Bregal Energy team to invest in the broader energy sector. North American Energy is a strategic market for our group and one that we are committed to for the long term," said Louis Brenninkmeijer, Co-Chairman of Bregal Investments.
"Although the Good Energies Capital name has tremendous recognition in the renewables sector, we believe that given our change of focus and desire for the market to understand that we are part of a very large private equity group, the time was right for us to make this transition," said John Breckenridge, leader of Bregal Energy.
Despite the change in name and broader focus, Bregal Energy will continue to actively support all existing Good Energies Capital portfolio companies. Additionally, Good Energies Venture team located in London will continue to support existing Good Energies Venture portfolio companies. Furthermore, the philanthropic activities of the Good Energies Foundation will continue unchanged.
About Bregal Energy
Bregal Energy (formerly known as Good Energies Capital) is a private equity fund that invests broadly across the North American energy industry. Bregal Energy's focus includes the oil & gas E&P, midstream, power generation, renewables, transmission and related energy services sectors. Bregal Energy's investment team has deep energy investing experience and an extensive industry network. The fund focuses on individual investments between $15 million and $75 million in both control and non-control opportunities. Bregal Energy is part of Bregal Investments. For more information, please visit www.bregalenergy.com.
About Bregal Investments
Founded in 2002 with offices in New York and London, Bregal Investments is the corporate investment business of Cofra Holding AG, a sixth-generation family holding company based in Switzerland. Cofra Holding's other businesses include C&A, a clothing retail organization, and Redevco, a large real estate enterprise. Bregal invests directly in equity capital in public and private situations and in private equity funds. Bregal has invested over $9 billion since its inception. For more information, please visit www.bregal.com.
SOURCE Bregal Energy
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