Bain Capital Private Equity announced today (12 January) that it has completed a deal to acquire a stake in biomass-to-biofuel producer EcoCeres Inc, as the Boston-based investor strives to ramp up its sustainable investment, reported Reuters.
In response to an enquiry from the publication, Bain apparently said it had invested $400 million (€371m) of growth capital for a significant stake in the company, representing one of Asia's largest transactions concerning environmental, social and governance (ESG) issues.
Following the transaction, EcoCeres would be mutually controlled by Bain Capital and Hong Kong & China Gas (HKCG), rather than being solely controlled by the latter as previously, according to a filing about the transaction published on the website of China's State Administration for Market Regulation in November.
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