China CEE Investment Co-Operation Fund Invests in Energy21

MidEuropa, the leading private equity firm in Central and Eastern Europe and Turkey, announced today that it has reached an agreement with CEE Equity Partners, the investment advisor to the China CEE Investment Co-operation Fund (“China-CEE Fund”), to invest in Energy21. MidEuropa invested in Energy21 in 2010 and has since developed it into the largest Czech-based independent operator of photovoltaic power plants in Central and Eastern Europe, with an installed generation capacity of 61 megawatts peak.

The China-CEE Fund was established by China Exim Bank in partnership with other institutional investors from the CEE region to capitalize on investment opportunities in CEE countries.

Pavel Malecek, the CEO of Energy 21, commented:

“We are looking forward to cooperating with CEE Equity Partners and the China-CEE Fund, adding to our great partnership with MidEuropa.”

The transaction was agreed and executed by Robert Knorr, Robert Chmelar, Viktoria Habanova and Albert Jelinek from MidEuropa. Raiffeisen Bank International acted as exclusive financial adviser and White & Case as legal counsel to MidEuropa.