Wermuth Asset Management has backed Aquarius Water Group. AWG is a water-technology and solutions company focused on the oil and gas industry.
Wermuth Asset Management GmbH (“WAM”), the exclusive BaFin-regulated investment adviser to the Green Gateway Fund, announces a new investment of €6.5m in Aquarius Water Group (“AWG”), a leading provider of advanced water systems, solutions and technologies to the oil and gas industry, and other heavy industries.
Commenting on the investment, Green Gateway Fund Senior Partner Casper Heijsteeg said: “We see AWG as an extremely attractive investment – this is a high- quality company with very strong growth prospects, led by a management team with a clear vision. Our investment in AWG goes beyond just a financial commitment. For us, this is a strategic partnership, and we look forward to working closely with AWG to develop the Company into a leading global business.”
AWG is creating a water-technology and solutions company focused on the oil and gas industry through a buy-and-build strategy. While the Company has expertise in water treatment for a number of different industries, it focuses on oil and gas.
According to Global Water Intelligence, a market-leading analyst of the international water industry, the oil and gas sector is currently the fastest growing market for industrial water technology, and is likely to remain so for at least the next five years.
AWG CEO Karl Michael Millauer said: “We are pleased to have the GGF on board. Our company is going through a very dynamic growth phase. We are delighted to be supported by professional investors who understand the business and the sector, and are eager to be part of sustainable development projects.”
About the Green Gateway Fund
The aim of the Green Gateway Fund is to invest in international best-in-class energy and resource efficiency growth companies, with an additional unique selling point of actively helping portfolio companies to access the fast-growing Russian and CIS markets through the gateway of Tatarstan. The fund adviser Wermuth Asset Management has more than a decade of successful experience of investing and doing business in the former Soviet Union. The fund is operational, has hard commitments of €110m and is targeting a final closing size of €250m. In the first half of 2013 GGF closed two deals: it invested in The Mobility House, a fast growing e-mobility solutions provider, and OTI Greentech, a leading provider of sustainable cleantech solutions. http://www.wermutham.com/fund- strategies/private-investments/green-gateway-fund.aspx
About Aquarius Water Group
AWG is a provider of advanced water systems, solutions and technologies for the oil & gas industry, the energy sector and other process industries. As a total- enhanced-EPC solution provider, the Group addresses some of the most critical water and waste water requirements such as produced water, seawater for injection, process water, cooling water, boiler feed water, spent caustic and refinery waste water, using best available technologies, high quality engineering, international expertise and local know-how from its operations in Europe, the US and the Middle East. http://aquarius-holding.com/
Wermuth Asset Management GmbH, founded in the late 1990s, is a German family investment firm that acts as an adviser on alternative and sustainable investments in Europe, including Russia. WAM is headquartered in Mainz, near Frankfurt am Main, with some team members also working from Amsterdam and Moscow. WAM is the exclusive investment adviser to several funds and SPVs whose investors include wealthy persons, family offices, funds of funds, banks, pension funds, endowments and sovereign wealth funds. At peak, WAM has overseen investments valued in excess of $1bn. www.wermutham.com
Phone: +49 6131 33961-13