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- Mitsui & Co., Ltd.
Corporate Communications Division
Mitsui with three other institutional investors made a substantial investment in Climate Change Capital Group Ltd ("CCC"), it was announced today.
The new investors are investing £56 million into CCC. The money includes working capital to further grow the business and in addition the four are committing £20 million into a new fund of funds.
Climate Change Capital Group Ltd. ("CCC") is a leading investment banking group and fund management business specialising in the investment opportunities created by the low carbon economy. It advises and invests in companies who recognise that combating global warming is both a necessity and an economic opportunity. Its activities aim to make the world's environment cleaner while delivering attractive financial returns.
Mark Woodall, CEO, Climate Change Capital Group Ltd, said "We are delighted to welcome these new shareholders who recognise, like us, that combating climate change is an economic opportunity as well as a necessity. They, like us, are in this for the long term and are committed to our future plans and wish to play a part in the development and financing of new products and services in this fast growing sector. With the help of our new shareholders we can now seed our funds with capital. We are now in an even stronger position to deploy capital at scale to create wealth worth having."
Mark Woodall added: "This transaction has also enabled initial investors to achieve liquidity on some of their holdings rewarding the risk they took. We are also pleased that most have decided to stay with us."
Tsuneyoshi Doi, General Manager, Industrial Energy Division, Mitsui & Co Ltd said: "We have been working in emissions reductions for some time now and have been working with CCC specifically since January 2007. Our investment in CCC and the new fund of funds will further enhance our efforts to combat climate change. At Mitsui we believe we have a responsibility to serve society, both locally and globally, and this investment furthers our capacity to implement a low carbon economy."
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