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Aureos China Fund invests in Chinese environmental protection company

The Aureos China Fund has completed a USD3.38m investment in Shanghai Fucheng Environmental Protection Engineering, a Chinese environmental protection company.

The Aureos China Fund is managed by Aureos Capital, a private equity fund management company specialising in investing in small to medium-sized businesses in emerging markets.
 
SHFC specialises in water treatment engineering and operations, and provides wastewater treatment services to a wide range of buildings including high grade office buildings as well as 80 per cent of four and five-star hotels in Shanghai.
 
SHFC’s services range from the design and manufacturing of water treatment facilities through to their installation, operation and maintenance.

Aureos China Fund’s investment will support the expansion of the business.
 
Steve Wu, managing partner of Aureos China Fund, says: “The focus in China on environmental protection is growing in tandem with its industrial output. The way that businesses deal with their wastewater is now seen as a key element in the sustainability and environmental performance of businesses across all sectors.”
 
“SHFC’s impressive track record and strong market position in the Shanghai area gives them excellent growth potential. We will use our investment to fund expansion into new service lines and also into new geographical areas. We are delighted to have completed this investment in this fast-growing sector.”
 
Feng Shidan, chairman of SHFC, says: “We are extremely happy to start this new phase of our development with the backing of an international investor with the expertise of Aureos. I look forward to working closely with Aureos China Fund to implement our exciting expansion plans.”
 
This is Aureos China Fund’s fourth investment in China and it is also the fund’s second investment in the environmental protection sector, having recently invested USD5m in wind turbine manufacturer and environmental protection company Qingdao Land of State Power Environment Engineering.
 
The Aureos China Fund focuses on private sector enterprises based primarily in Shandong province, with the scope to invest in companies in other areas that demonstrate potential for strong growth and profitability.

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