CHINA CEE Investment Co-operation Fund invests in Energy 21
Mid Europa Partners (“Mid Europa”), a leading private equity firm in Central and Eastern Europe and Turkey, announced today that it has reached an agreement with CEE Equity Partners, the investment advisor to the China CEE Investment Co-operation Fund (“China-CEE Fund”), to invest in Energy 21. Mid Europa invested in Energy 21 in 2010 and has since developed it into the largest Czech-based independent operator of photovoltaic power plants in Central and Eastern Europe, with an installed generation capacity of 61 megawatts peak.
The terms of the agreement have not been disclosed by the parties.
The China-CEE Fund was established by China Exim Bank in partnership with other institutional investors from the CEE region to capitalize on investment opportunities in CEE countries.
Pavel Maleček, the CEO of Energy 21, commented: “We are looking forward to cooperating with CEE Equity Partners and the China-CEE Fund, adding to our great partnership with Mid Europa.”
China-CEE Fund was advised on the transaction by PWC, Squire Patton Boggs and VectorCuatro.