Investors eye on China's environmental sector
July 03, 2008 | BY
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Aureos China Fund (Aureos) has made a private equity investment into Qingdao Land of State Power Environment Engineering (QGLD), a wind energy and environmental protection company in China.
Aureos is a private equity fund management company and a subsidiary of Mauritius-based Aureos Capital, which specializes in investing in PRC-based enterprises.
"There is no doubt China is continuing to move environmental issues up the agenda. Aureos' investment into QGLD is aligned with China's macro environmental policy, and we certainly believe this will help accelerate the country's green performance," said Rocky Lee, partner in the Hong Kong and Beijing office of DLA Piper and head of the firm's Asia venture and private equity practice.
"Private companies today, whether as investors or operating companies, have a hugely significant role to play in improving the quality of living and environment amid industrial growth particularly in emerging markets,” he added.
DLA Piper's team includes Chris Terry, Wang Hongling, and Zhang Linlin. Shandong Guo Hong Law Firm acted as legal counsel to QGLD.
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