October 1st, 2013 | Press Releases

Press Release Ambienta II

by Ambienta

Milan, 25 October 2013 – Ambienta is pleased to confirm the first close of its second fund “Ambienta II” at € 147.2 million, less than six months post launch and above its initial first closing target. The fund has considerable additional interest and anticipates further closings to be held in the coming months.

The closed commitments are comprised of investments from a broad range of investors, including existing investors re-ups as well as new Italian and international institutions, that include pension funds, insurance companies, fund of funds and family offices. Eight new International investors1 from Europe and North America represent more than 44% of the first closing commitments.

Ambienta II will continue Ambienta I’s strategy of seeking investments in SMEs capturing European leadership in the global growth opportunity provided by environmental drivers, such as natural resources scarcity and pollution control. Ambienta generates value for investors through growth rather than financial engineering, working closely with companies to drive business development, particularly through international expansion. Notably more than 50% of Ambienta I growth portfolio company revenues are generated from outside Europe, having more than doubled over Ambienta’s holding.

In July 2013, Ambienta I successfully completed the exit of its 82% stake in Tower Light, manufacturer and distributor of the world’s largest range of lighting towers, to a leading US-trade player.