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Mountain Cleantech AG: Mountain Cleantech Fund II invests in ASCON Resource Management Holding GmbH, an experienced company in circular economy
EQS Group-News: Mountain Cleantech AG / Key word(s): Investment/Capital Increase 2015-04-20 / 16:23 --------------------------------------------------------------------- Investment in an innovative recycling and environmental services company - Mountain Cleantech strengthens ASCON's equity base - ELS Dual is an established dual system in Germany - Investment supports future growth, expansion of material handling activities and internationalisation - sarbery.capital structured the transaction as lead arranger Zurich / Luxemburg, 20. April 2015 - Mountain Cleantech, a leading technology growth capital investor in the German speaking region, invests in ASCON Holding, a fast growing company in the recycling economy and operator of its own 'dual system' in Germany since 2014. Established in Bonn in 2000, the group - active nationally and internationally - offers environmental and waste management services, provides strategic and sustainable material flow management as well as production, recycling and trading with valuable secondary raw materials. Additionally, the company consults national and international customers in recycling and waste management issues. The companies of the ASCON group have been active in the recycling economy for 15 years. In September 2015, the ASCON Resource Management Holding GmbH ("ASCON Holding") was established in order to consolidate the group's resources. In 2008, ELS Europäische LizenzierungsSysteme GmbH - a subsidiary of ASCON Holding - started its activities in the area of packaging licencing and after several successful years, the setup of its own dual system was initiated and successfully completed, resulting in a positive nation-wide notice of authorization in 2014. ASCON Group faces attractive growth potential from an expected increase in recycling market volume and expansion of its own secondary raw material handling and distribution activities. The additional capital helps ASCON Holding to strengthen its market position, further improve the quality of its services, expand secondary raw materials trading capabilities and accelerate internationalisation. Alexander von Hutten, former manager at RWE Umwelt and today managing partner at Mountain Cleantech AG comments: "We are impressed by the strength and experience of ASCON's management team and its progress to date. The business model is highly scalable and we see particular growth potential within the firm's material handling business area. Our deep industry knowhow and network should enable us to support the company as an active sparring partner going forward." "We are pleased to welcome Mountain Cleantech as a strong and competent partner, who is focusing on growth and knows our industry", says Sascha Schuh, CEO of ASCON Holding. "With the cooperation of our companies we will further expand our market position in Germany and implement strategies to explore additional business areas worldwide. Thanks to additional equity funding, comprehensive knowledge and professional team support ASCON Resource Management Holding will become an even more successful company." The transaction was supported and lead arranged by Munich based advisor sarbery.capital - assertive financial partners. Jan Rietzschel, former Head of Corporate Finance at Constantin Medien AG and today Managing Director and shareholder at sarbery.capital GmbH remarks: "We are pleased that we were able to support ASCON group in this successful transaction and would like to thank the whole consortium for a highly professional due diligence phase. We would also like to thank Mountain Cleantech for their confidence in us and wish them a successful future with ASCON group." About Mountain Cleantech AG Mountain Cleantech AG - headquartered in the Zurich area and with presence in Austria, Germany and Sweden - is investment advisor of a Luxembourg based investment fund. The company is focused on equity investments in growth companies within the area of sustainability and environmental protection located in Europe, mainly in the German speaking region. Since its inception, Mountain Cleantech has invested, via different investment vehicles, in a variety of innovative and high growth Cleantech companies, such as reBuy reCommerce GmbH, Geppert GmbH, Grünspar GmbH and SiC Processing AG. More information is available under: www.mountain-cleantech.ch About ASCON Resource Management Holding GmbH ASCON Resource Management Holding GmbH, a company group within the recycling economy, is offering environmental and waste management services that balance economic and ecological aspects. The strategic objective of ASCON Holding is a comprehensive material flow management. The holding and its subsidiaries ELS GmbH, ASCON GmbH, SORTcycle Sekundärrohstoffinvestment Altkunststoff I, EUPVcycle and Informationszentrum Umwelt, Abfall und Recycling provide a full-scale sustainable concept for collection, sorting, recovery, recycling and marketing of recyclable materials. More information is available under: www.ascon-net.de About sarbery.capital GmbH sarbery.capital stands for a target-oriented and transparent co-operation based on mutual trust. The corporate finance boutique is not only a service provider but rather a partner for its mandates. The company highly values reliability as well as high quality and prompt implementation of its tasks. Due to the entrepreneurial background and long-term experience with banks, funds, as well as large and medium-sized companies, sarbery.capital has a good understanding of its customers. The company supports its clients with an appropriate financing structure and suitable investors. The founding partners connect the financial community with the real economy through experience, success and extensive network. sarbery.capital links its clients with strategists, banks, venture capital and private equity investors, mezzanine and debt providers as well as family offices. More information is available under: www.sarbery.com Contact: Alexander von Hutten Managing Partner Phone: +41 44 783 80 50 Email: contact@mountain-cleantech.ch Website: www.mountain-cleantech.ch Jan Rietzschel Managing Director at sarbery.capital GmbH Phone: +49 89 1 222 363 60 Email: jan.rietzschel@sarbery.com Website: www.sarbery.com +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=FTGFJIGLHA Document title: Press Release --------------------------------------------------------------------- 2015-04-20 This Corporate News was distributed by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News The issuer is responsible for the contents of the release. --------------------------------------------------------------------- Language: English Company: Mountain Cleantech AG Fuhrstrasse 12 8820 Wädenswil Switzerland Phone: +41 44 78 38 041 Fax: +41 44 78 38 040 E-mail: contact@mountain-cleantech.ch Internet: www.mountain-cleantech.ch End of News EQS Group News-Service --------------------------------------------------------------------- 346109 2015-04-20
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