GE Equity

About: GE Equity is the private equity investment arm of General Electric Capital Corp. specializing in buyouts, co-investments, secondary direct purchases, recapitalizations, limited partner investments, and growth capital investments. The firm invests in aerospace, clean technology, communications, energy, entertainment, financial services, business services, healthcare, media, satellites, security, sensing technology, transportation, and water. It seeks to invest in companies based in Asia, Europe, Latin America, Middle East, and North America. GE Equity was founded in 1995 and is based in Stamford, Connecticut with offices across the United States, Europe, South America, Australia, and Asia.

www.geequity.com
Note: Sometimes GE Equity is referred as “GE Capital, Equity” on its website.

Key Personnel:
Sherwood Dodge, President & CEO
Frank Ertl, CFO

Portfolio:
The website doesn’t list its portfolio but its recent transactions (though it’s only updated to 2007 only). From the list, I selected a few companies related to cleantech:
China High Speed Transmission Equipment Group
(description: $22,100,000 Growth Capital investment in wind turbine gear box supplier in Feb & July 2007), Motech Industries (description: $20,500,000 Growth Capital investment in Taiwanese solar cell manufacturer in June 2007), Think (description: €3,000,000 Growth Capital in manufacturer of electric vehicles in December 2007).

News: In January 2009, TPI Composites, Inc., a supplier of wind turbine blades to Mitsubishi Power Systems and GE, announced it has received $20 million from GE’s investment arm, Landmark Growth Capital Partners, NGP Energy Technology Partners and Angeleno Group to support its growth. The Series B funding reflects an increase in the company’s valuation since Series A financing was completed a year earlier. The capital comes from GE’s Equity unit and GE Energy Financial Services, which has made several venture capital investments in wind turbine component manufacturers as well as provided project finance for wind farms.

Comment: I’ll look at GE Energy Financial Services in separate blog as it has its own Renewable Energy and Venture Capital portfolio. The press releases for both GE Equity and GE Energy Financial Services are found in its main GE website instead. www.ge.com

ge equity

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One comment

  1. FOA · July 24, 2009

    “GE’s investment arm, Landmark Growth Capital Partners, NGP Energy Technology Partners and Angeleno Group”. Angeleno Group (AG) is a Los Angeles-based private equity firm focused on high-growth investments in the energy sector. AG makes investments broadly across the energy industry to support innovative, well-managed, rapidly growing companies.

    NB:
    I would imagine that the press releases for both GE Equity and GE Energy Financial Services would reveal a significant number of interesting financing partners we should approach at some point.

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