May 30, 2011 - Assignment

Industrifonden and Sustainable Technologies Fund invest in Triventus

Industrifonden and Sustainable Technologies Fund have co-invested SEK 100 million in Triventus. Triventus is active in renewable energy, primarily wind power, but also biogas and small-scale hydroelectric power. Triventus has experienced rapid growth since being formed in 2003 and had a turnover of SEK 500 million in 2010.

Industrifonden invests in small and medium-sized Swedish companies with international growth potential. The fund has assets of over SEK 3 billion, of which SEK 1.5 billion is invested in 80 companies in technology, cleantech, life science and industry.

Sustainable Technologies Fund is a venture capital fund focusing on Nordic Cleantech companies. The fund invests growth capital in companies in renewable energy, renewable materials and chemicals, as well as recycling and purification technologies.

Industrifonden and Sustainable Technologies Fund were advised by Mannheimer Swartling in the transaction. The firm’s team included Johan Ljungberg and Hans Andréasson, primarily assisted by Emma Olnäs Fors (project leader), Johan Frost Bergman, Linnéa Sundkvist Heim, Emma Nilsson, Christine Repond, Lena Wåglöf, Emma Österdahl and Linnea Ljung. Mårten Tagaeus advised on environmental law.