Hudson Clean Energy Partners has acquired a minority stake in China-based GSE Investment Corp., an operator of solid waste-to-energy and tap water/wastewater treatment projects. The company is controlled by private equity firm MBK Partners. Terms of Hudson Clean Energy’s investment were not disclosed.
Hudson Clean Energy Partners announced today its acquisition of a minority interest in China-based GSE Investment Corporation (“GSEI”), a premier operator of solid waste-to-energy and tap water/wastewater treatment projects. GSEI is controlled by MBK Partners, a leading Asian private equity firm.
GSEI owns and operates a portfolio of 11 high-quality assets concentrated in key economically developed areas in China, including Beijing, Shanghai and Jiangsu Province. In particular, the company’s flagship waste-to-energy project in Beijing is the largest single-line plant in Asia. The company’s projects are supported by long-term concession agreements with local municipalities, and provide essential services to the local population as China continues on its trajectory of rapid economic growth and urbanization.
“GSEI has deployed innovative technologies and constructed a portfolio of highly strategic assets that position the company at the forefront of China’s rapidly growing environmental protection industry,” said Neil Auerbach, Co-Managing Partner of Hudson Clean Energy Partners. “We are delighted to be working alongside the GSEI management team and the company’s strong existing partners.”
Hudson’s investment will enable GSEI to build out several expansion and greenfield projects and accelerate its near-term growth.
“We are truly pleased that Hudson, with its outstanding reputation and clean energy experience, is investing in GSEI at a time when our industry is poised for significant growth,” said Mr. Jiang Chao, Chairman and CEO of GSEI. “The Hudson team understands the opportunities that lie ahead, and we welcome their vision as we lead GSEI through its next phase of expansion.”
John Cavalier, Co-Managing Partner of Hudson, added: “It was clear to us that GSEI’s team, asset portfolio, and growth opportunities — together with a compelling industry outlook — make this an ideal partnership for our firm. We are excited that GSEI is Hudson’s first investment in the dynamic Chinese market.”
This statement does not constitute an offer of sale, or a solicitation of investors or purchasers, in respect of the securities of any person in any jurisdiction.
About Hudson Clean Energy Partners
Hudson Clean Energy Partners is a global private equity firm that invests in the dynamic and fast-growing clean energy market. Hudson invests exclusively in companies focused on renewable power, alternative fuels, and energy efficiency and services. Hudson’s investment strategy focuses on high-growth, asset-based, capital-intensive segments of the clean energy value chain using commercialized technologies to extract energy from wind, solar, geothermal, biomass and other renewable sources. Hudson has opened its China office in Beijing. Further information about Hudson can be found at www.HudsonCEP.com .
About GSE Investment Corporation
GSEI engages in the operations and maintenance of water, waste water and waste to energy plants in China. The Company is one of the top environmental protection companies in China. Currently, GSEI owns and operates a portfolio of 11 high-quality assets concentrated in key economically developed regions in China, including Beijing, Shanghai and Jiangsu Province.