Ambrian Advises on US$15m Financing for Enviromena Power Systems

Ambrian Partners Limited (“Ambrian”), a wholly-owned subsidiary of Ambrian Capital plc, has acted as financial adviser and placing agent to Enviromena Power Systems, the leading developer of solar projects in the Middle East and North Africa (MENA), on its US$15 million financing.

The financing, comprising equity and equity warrants, was completed via a series B investment round that included Masdar and Good Energies. They join zouk Ventures and New Energies Invest on the shareholder register. Enviromena will use the funds to expand operations throughout MENA and maintain its position as the region’s leading solar power developer.

Richard Chase, Managing Director of Ambrian Partners Limited, commented:

“The most notable achievement in this deal, completed by our dedicated cleantech team, is the high calibre of international investors that participated. There is an increasing focus in the cleantech sector on the Middle East and North Africa, and this deal places us firmly at the forefront of this rapidly evolving market.”

Ambrian Capital plc (AIM: AMBR) is the holding company of Ambrian Partners Limited, Ambrian Commodities Limited and Ambrian Metals Limited.

Ambrian Partners Limited is a focused investment bank known in the market today for its leading positions in the metals & mining, oil & gas and cleantech sectors. It provides corporate finance advice, equity research, sales and trading and market making services. Ambrian Partners has been ranked first in the AIM Basic Materials Sector in the Hemscott Advisers Rankings and was voted No. 1 for small and mid-cap mining in the Extel Survey of fund managers in 2009. Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

Enquiries:

Richard Chase, Managing Director
Ambrian Partners Limited   
+44 (0)207 634 4700

Charlotte Kirkham/Ben Simons
M: Communications 
+44 (0)207 920 2331/2340

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