Investment in Slovenian public lighting company
CEE Equity Partners (“CEE Equity”), the Investment Advisor to the China Central and Eastern Europe Investment Co-operation Fund (the “Fund”), is pleased to announce the completion of an investment by the Fund in Javna Razsvetljava d.d. and JRS d.d. (jointly, “JRL”), market leaders in design and implementation of public lighting and signalling solutions in Slovenia. The Fund has acquired a majority shareholding through a combination of a capital injection and buy-out of existing shareholders.
JRL aims to grow both in their existing business lines, and in extending its product and service offering to a wider field of energy efficiency of public infrastructure. JRL sees significant growth potential in the Adria region, where Energy Service Company (“ESCO”) based contracting is becoming an attractive value proposition for municipal and private clients.
JRL has already successfully executed several projects in Austria, Croatia and Serbia, and aims to continue to build its presence in those markets. JRL also plans to expand into commercial and industrial lighting; and considers expansion into other CEE countries, where it would be supported by CEE Equity’s staff and network of contacts.