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22.01.2010

EK Fin enters the small hydroelectric power plant sector

  • EK Mittelstandsfinanzierungs AG (EK Fin) acquires a 15 per cent stake in the holding company Transfer Industries GmbH, which owns a majority share in the turbine manufacturer Global Hydro Energy GmbH

The Upper Austrian company Global Hydro Energy GmbH is internationally successful as a specialist for hydropower technology and offers turbines, control systems and complete solutions for hydroelectric power plants. Against the current backdrop of impressive market growth for small hydroelectric power plants, the owners of Transfer Industries – EK Fin as well as FI Beteiligungs- und Finanzierungs AG and EOS Invest AG, which each hold a 42.5 per cent stake – expect the pace of market growth and technology development to accelerate in the future.
"EK Fin's investment will ensure stable growth for Global Hydro Energy GmbH over the long term and allow the company to further advance its technology,” said Ernst Georg Wustinger, chairman of the Management Board at EOS Invest AG, and Gilbert Frizberg, chairman of the Management Board at FIAG.
Bernd Lechner, chairman of the Management Board at EK Fin, summed up the private equity fund's most recent investment as follows: "Now's the time to take advantage of the booming market in renewable energies and hydropower technology, and the investment in Global Hydro Energy GmbH represents an attractive, forward-looking addition to our portfolio.”

EK Mittelstandsfinanzierungs AG
EK Fin is one of the leading Austrian private equity funds. Its assets under management amount to EUR 50 million. The core shareholder is Bank Austria. EK Fin finances corporate expansions, acquisitions, management buy-outs and buy-ins. It acquires shares generally ranging from 10 to 49 per cent with investments of between EUR 1.5 million and EUR 7.0 million.
EK Fin receives support from BA Private Equity GmbH. In concrete terms, BA Private Equity GmbH is responsible for marketing and controlling and ensures that the company takes advantage of all the opportunities offered by UniCredit Group as a banking network.
BA Private Equity GmbH also supports Mezzanin Finanzierungs AG (www.mezz.at).

Transfer Industries GmbH
Transfer Industries GmbH is owned by EK Fin and the middle market financing companies FI Beteiligungs- und Finanzierungs AG (FIAG) and EOS Invest AG, which each hold a 42.5 per cent stake in the company.
FIAG holds strategic investments in the fields of energy (hydropower), engineering and automation. EOS Invest AG invests in the construction of hydroelectric power plants, the automotive industry and new technologies such as carbon and galvanised coatings.

For more detailed information please contact:
Bernd Lechner, Chairman of the Management Board
EK Mittelstandsfinanzierungs AG
Tel: +43 (0)1 532 89 79/11
www.ekfin.at

Gilbert Frizberg
FI Beteiligungs- und Finanzierungs AG
Tel: + 43 (0)3182 2216 100

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