Foresight launches leveraged fund for cleantech

Venture capitalist Foresight and consulting group Mouchel aim to invest up to £50 million in the UK cleantech industry after forming a strategic partnership.

Foresight will provide equity finance of up to £10 million, with the balance funded by debt.

Mouchel’s role will be to identify and assess suitable deals and support project development. It will use the experience it has gained from serving clients in the public sector and in industries subject to environmental legislation.

The fund will focus on small-scale, local plants in sectors such as waste processing, water and waste water management, recycling and renewable energy.

Andrea Gysin, Mouchel’s head of technology and investment, explains: ‘While there are many promising solutions which address the challenges around renewable energy and effective waste management, the utilities industry is crying out for more efficient infrastructure to support the roll-out of these solutions.’

Foresight has £150 million under management. It has recently raised a fund of £20 million (unconnected with the fund described above) focused exclusively on investments in cleantech infrastructure businesses.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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