Magnesium Capital, a London, UK-based energy transition buyout firm, closed its inaugural fund, at €135M.
The final close occurred less than a year after the Fund’s first close with Magnesium attracting blue-clip institutional investors from the US, Europe and the UK.
Led by Ian Jones, and Matts Lundgren, Managing Partners, Magnesium focuses on European companies with proven technologies or tech-enabled services that are positively impacting the decarbonisation of the production, distribution and consumption of energy. The firm takes controlling stakes in each of its investments, but considers significant minority positions in certain circumstances.
Since inception, the firm has completed seven platform investments, signed six follow-on acquisitions and exited two investments for 4.2x gross MOIC. The combined impact of these portfolio companies already directly contributes to the avoidance of over 30 million tonnes of CO2 equivalent per annum.
FinSMEs
17/04/2024