Emergya Wind Technolgies B.V (Netherlands) - Dec 2007

unquote
01 December 2007

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A group of four investors led by AtlasInvest, has injected €30m in Emergya Wind Technologies, a Dutch turbine manufacturer. AtlasInvest stands for a group of companies owned by Marcel van Poecke, one of the co-founders and former CEO of Petroplus. The group also includes Ludgate Environmental Fund. The investment will be in two-year secured loan notes with warrants attached. The loan notes have an 8% coupon and the warrants are convertible into ordinary shares of Emergya. The funds raised will be used to repay some existing loans and for working capital purposes.

Company Founded in 2004, Emergya is a Dutch-based manufacturer and supplier of wind turbines and turnkey wind parks. It specialises in the development and manufacture of advanced, gearless wind turbines. It was established by the acquisition of the intellectual property of Dutch wind turbines manufacturer Lagerwey. The current product portfolio consists of the 750KW and 900KW series and is developing larger wind turbines for both onshore and offshore applications. Of new power generating capacity built in Europe over the past 15 years, 24% has been wind-powered generation, according to Ludgate director Nick Pople and the demand is growing fast.

People Joost Dröge led the transaction for AtlasInvest and Nick Pople for Ludgate.

Advisers

Equity - De Brauw Blackstone Westbroek - United Kingdom, (Legal)Equity - KPMG, (Financial Due Diligence)Equity - Loyens & Loeff, (Tax)Equity - Loyens & Loeff, (Corporate Finance)Management - Van Doorne, (Legal)

Sourced from: Benelux unquote" 57 (Mar 2008)