Ambienta SGR SpA, a private-equity investor, raised an additional 50 million euros ($68 million) for its second fund investing in businesses that seek to curb pollution and conserve natural resources.
Ambienta raised the money from 20 investors including leading Italian and Nordic pension funds, the Milan-based company said today in an e-mailed statement. Investors in North America and Europe represent about 40 percent of the total.
The investor said in December it was looking to acquire stakes in two companies in Germany and Italy involved in energy and water conservation. Growing populations and rising demand mean such investments “haven’t been affected by the industrial and financial crisis that we’ve experienced in the last five years,” Chief Executive Officer Nino Tronchetti Provera said.
Ambienta previously raised 147.2 million euros. The company expects to bring the total raised to 300 million euros by the middle of the year. The fund will only invest in European businesses, taking majority stakes.