SSE subsidiary makes deal with Scottish Equity Partners
Wholly-owned SSE subsidiary SSE Ventures has completed a deal with Scottish Equity Partners (SEP).
Wholly-owned SSE subsidiary SSE Ventures has completed a deal with Scottish Equity Partners (SEP).
SEP's new Environmental Energies Fund (EEF) has acquired a portfolio of cleantech investments owned by SSE Ventures. As part of the deal, SSE Ventures has become a major partner in the new fund.
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SSE's Finance Director, Gregor Alexander, said: "SEP have a strong track record in helping innovative companies grow and mature. By moving our cleantech investments into the Environmental Energies Fund we can ensure the companies are able to benefit from the track record and expertise of SEP, draw upon the financial resources of the new partners and ultimately deliver a better return on our initial investment.
"We continue to believe that cleantech companies have an important role to play in developing new technologies and that is why we continue to be involved as a major partner in the EEF."
The share price rose 0.31% to 1,289p by 14:49.
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