EQS Group-News: Mountain Cleantech AG / Key word(s): Private
Equity/Disposal
Mountain Cleantech sells its stake in Gruenspar, generating a strong
return for investors
2015-08-07 / 16:06
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PRESS RELEASE
Mountain Cleantech sells its stake in Gruenspar, generating a strong return
for investors
- Trade sale to German utility company EWE AG
- Exit generates a Gross IRR at Exit of 67% for Fund II investors
- Investment was fully realized after a 2.5 year holding period
Zurich, 7. August 2015 - Mountain Cleantech (www.mountain-cleantech.ch) is
pleased to announce the trade sale of its shareholding in Gruenspar GmbH
(www.gruenspar.de), a leading German provider of Software as a Service
(SaaS) solutions to the utility industry and online distributor of
resource-and energy-efficient products, to EWE AG (www.ewe.de).
Mountain Cleantech was an early backer of Gruenspar, having initially
invested in the company's A-Round financing in early 2013 and subsequently
in the series B in 2014, jointly with KfW Bankengruppe. Mountain Cleantech
has since made a strong contribution to the growth of the company via its
hands-on investment management approach.
Gruenspar enables utility companies to diversify their revenue streams and
retain customers with full-service white-label online platforms,
individualized energy reports and customer profiling solutions. Gruenspar
also operates Germany's leading e-Commerce website for energy efficiency
products and services enabling households to cut their utility bills in an
environment of rapidly rising utility costs.
Alexander von Hutten, Managing Partner of Mountain Cleantech, comments: "We
are extremely pleased with the progress Gruenspar has made over the last
2.5 years. The company has delivered significant topline revenue growth and
is now a reliable partner of more than 100 utility companies in Germany and
Austria. We have generated a strong return for our Fund II investors and
still see considerable unrealized value in our portfolio."
Sebastian Kotzwander, serial entrepreneur and CEO of Gruenspar, comments:
"We enjoyed working with the Mountain Cleantech team over the last years,
which has provided significant value add in operating and growing the
business and helping us focus on our business goals. We are delighted to
now partner with EWE to jointly implement our ambitious business plan."
About Mountain Cleantech
Mountain Cleantech AG was founded in 2007 and is headquartered in Zurich,
Switzerland with additional offices in Austria, Germany, Sweden and
Luxembourg. It is the Investment Advisor of the Luxembourg domiciled
Mountain Fund SICAV-SIF - Mountain Cleantech Fund II, which focuses on
growth equity investments in the German-speaking and adjacent regions.
Since its inception, the team has invested in numerous innovative high
growth companies including reBuy reCommerce GmbH (www.rebuy.de), Ascon
Resource Management Holding GmbH(www.ascon-net.de) and Geppert GmbH
(www.geppert.at). For further information please visit
www.mountain-cleantech.ch.
About Grünspar
Grünspar was founded in 2010 by Sebastian Kotzwander and is now a leading
player in Germany in the SaaS market for utility companies and the
distribution of resource- and energy-efficient products to retail and
commercial customers. The company is headquartered in Muenster, Germany
with an additional office in Vienna, Austria. (www.gruenspar.de)
Contact:
Alexander von Hutten/
Daniel Koppelkamm CFA
Phone: +41 44 78 38 041
Email: contact@mountain-cleantech.ch
Website: www.mountain-cleantech.ch
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2015-08-07 This Corporate News was distributed by EQS Schweiz AG.
www.eqs.com - news archive: http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
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Language: English
Company: Mountain Cleantech AG
Fuhrstrasse 12
8820 Wädenswil
Switzerland
Phone: +41 44 78 38 041
Fax: +41 44 78 38 040
E-mail: contact@mountain-cleantech.ch
Internet: www.mountain-cleantech.ch
End of News EQS Group News-Service
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384795 2015-08-07
(END) Dow Jones Newswires
August 07, 2015 10:06 ET (14:06 GMT)
