Low Carbon Accelerator Ltd (LCA) has increased its interest in Proven Energy, a manufacturer of small-scale wind turbines, through a new investment of £800,000 and the conversion of a £700,000 loan into equity. The deal takes LCA's total investment in the business to £6.65m and its stake to 38.9%.
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Minority shareholder IMS Capital has also filed for insolvency; Getnow is now seeking new investors
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment