Quote of the Week: Valuing Waste


September 20, 2012

“The value proposition is resource scarcity and the fact that wastes have now become commodities, providing strong returns… There is no other way than becoming more efficient with resources.”


Who said it: Gijs Voskamp, Chief Executive Officer Ludgate Investments in an interview with Bloomberg.


In Context: Voskamp is talking about the target industries for his company’s latest fund. Several news outlets reported that Ludgate Investments Ltd., a London- based private equity investor, is seeking to raise as much as USD 300 million for a fund to invest in small to mid-cap businesses in the waste and recycling, energy efficiency, energy generation and water sectors, mainly in the UK but also Northern Europe. This is the second such fund for Ludgate, which is why it caught our eye. It is more than twice the size of its first fund, making it a fundraising counter to the trend seen amongst many other PE managers who have reduced the size of their latest funds. Ludgate has been investing primarily in the UK because it is slightly behind countries like Germany and Switzerland when it comes to recycling, so-called urban mining, and waste management. The EU is pushing for tighter waste management regulations and that will create more opportunity for the fund manager, according to Voskamp.


Where we found it: BW

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