IN BRIEF: Ecofin US Renewables Infrastructure IPO Taps USD125 Million
Fri, 18th Dec 2020 14:24
Ecofin US Renewables Infrastructure Trust PLC - invests in US renewable energy assets - Raises USD125 million in initial public offering on London Main Market, with each share priced at USD1.00. Says investment manager, Ecofin Advisors LLC, subscribed for 8.5 million shares, and a fund managed by Capricorn Investment Group subscribed for 22.5 million shares. The non-executive directors of Ecofin US Renewables took 147,481 shares. Stifel Nicolaus Europe Ltd was sponsor and sole bookrunner for the IPO. Trading is expected to begin on Tuesday next week. Says Ecofin Advisers will target renewable energy assets that benefit from supportive government incentives and fixed revenue contracts of 10 to 25 years or more.
Amiad Water Systems (AIM: AFS) is a leading global producer of automatic, self-cleaning water treatment and filtration products and systems. Through its engineering skills and ability to innovate, Amiad provides cost-effective green solutions for irrigation and industrial purposes. In these markets, its unique and high-quality products are being integrated into the core of systems for filtration and water treatment, micro irrigation and membrane protection, wastewater and potable water treatment, cooling systems and sea water filtration. Headquartered in Israel, Amiad provides these solutions through ten subsidiaries and a comprehensive network of distributors to customers in more than 80 countries. FIMI Opportunity Funds, the leading private equity investor in Israel, is a controlling shareholder of Amiad, with an interest in 39.5% of the Company s outstanding issued share capital.