News / I Squared Capital invests in China's waste water treatment sector

I Squared Capital invests in China's waste water treatment sector

🕔 September 11, 2014
US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

I Squared Capital announced yesterday the acquisition of a majority interest in Jiangsu Province Jiaqing Water Services Co., Ltd. through its ISQ Global Infrastructure Fund.

Jiaqing Water currently operates five waste water treatment plants, and is building three more, to serve cities with a total population of 12.9 million in Henan, Guangxi, and Heilongjiang provinces. Jiaqing Water's combined daily treatment capacity is projected to exceed 165,000 metric tons by 2015.

"This investment will enable Jiaqing Water to expand existing facilities and grow into new cities with robust economic fundamentals and increasing demand for environmentally-friendly waste water treatment"

Founded in 2001, Jiaqing Water has built a strong track-record for the design, construction, operation, and maintenance of waste water treatment plants utilizing its proprietary water treatment technologies.

"China's urban population is anticipated to grow by as much as 230 million over next 15 years, creating a huge demand for all types of urban infrastructure, including waste water treatment," said Gautam Bhandari, Partner at I Squared Capital.

Jiaqing Water's Chairman, Jiamei Lin, said:

"We are excited to partner with I Squared Capital to leverage their global operating network, particularly in the waste water sector. China is focusing on improving environmental standards and protecting water resources to maintain sustainable economic growth."

Halcyon Capital, an existing shareholder of Jiaqing Water, is investing additional capital along with I Squared.James Chern, Manager Director of I Squared Capital, said:

"This investment will enable Jiaqing Water to expand existing facilities and grow into new cities with robust economic fundamentals and increasing demand for environmentally-friendly waste water treatment."

Jiaqing Water is ISQ Global Infrastructure Fund's first investment in China and follows investments made in district energy and hydropower in the United States, including Kendall Green Energy in Cambridge, Massachusetts, ISQ CoolCo in Cincinnati, Ohio in conjunction with Veolia Energy N.A., as well as Mahoning Creek Hydroelectric in western Pennsylvania.

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, and transport in North America, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.

Halcyon Capital is one of private equity funds managed by Hainan Airport Group, one of the largest infrastructure conglomerates in China with diverse businesses in airports, airlines, logistics, real estate and financial services.



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