HAO Capital Joins USD20 million Third Round Investment in LP Amina

Beijing and Hong Kong, 6 August 2013 – HAO Capital, the China-focused private equity firm, announced that, alongside co-investors WLR China Energy Infrastructure Fund (“CEIF”), Qiming Ventures and Keytone Ventures, it has participated in LP Amina’s third round of growth capital financing, totaling USD 20 million.

The financing round will be used to further grow LP Amina’s core pollution control business and promote the development of several innovative clean energy technologies in China, US and other global locations.

LP Amina is one of the leading providers of De-NOx solutions for power plants in China. Established in 2007, LP Amina has a strong track record of implementing advanced emission reduction solutions for coal plant retrofits throughout China, with cutting-edge technology spread across projects across 13 provinces. With this investment, LP Amina plans to expand the company’s engineering and field service teams to keep up with rising customer demand on its core emission reduction business in China, and further promote the development of several innovative clean energy technologies such as company proprietary efficiency improvement solutions and revolutionary coal-to-chemicals technology.

Elaine Wong, Partner and Co-Founder of HAO Capital, said, “HAO Capital first invested in LP Amina in 2010 in its second round of funding. With the growth it has achieved since then we are delighted to invest further to help drive its future development and help address the multiple challenges the energy industry is facing today. Repeat investments of this nature are typical for HAO Capital, and demonstrate our ability to support companies through different phases of growth.”

HAO Capital invests in companies with leading-edge technologies and world-class management teams to address different challenges in China. LP Amina’s success in China in recent years is another example of HAO Capital working with its portfolio companies alongside world-scale partners to become industry leaders in China. It follows the formation of TCL Healthcare in 2012, which combined resources from HAO Capital, SKR and TCL Group, and which is now positioned to become a leader in China’s diagnostic imaging market.

About HAO Capital

HAO Capital is a China focused Private Equity firm based in Beijing and Hong Kong, providing growth capital to Chinese companies. Founded in 2005 by three seasoned investment professionals, the firm currently manages total assets of USD500mn across two funds, with a bias for investments in Consumer, Healthcare and Light Industrial, including Clean/Greentech.



About LP Amina

LP Amina is a multinational environmental engineering company with research and development activities in the US, Europe and Asia. Established in 2007, LP Amina has over 100 full time employees and a network of over 2,000 technicians working in diverse locations around the globe. LP Amina strives to be the most innovative environmental solution provider to the energy industry and to contribute to an environmentally sustainable, low cost energy future. LP Amina’s emission reduction technologies provide major decreases in greenhouse gases allowing power plants to comply with the existing policies and create surpluses in tradable emission permits while paving the way for sustainable energy generation. LP Amina is also among the pioneers in the development of new and environmentally sustainable poly-generation biomass technologies.



Richard Barton
Newgate Communications
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Giorgia Chen
Newgate Communications
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Email: giorgia.chen@newgate.asia


HAO Capital

Posted in Portfolio News.