TEANECK, USA: Hudson Clean Energy Partners announced its acquisition of a minority interest in China-based GSE Investment Corp.(GSEI), a premier operator of solid waste-to-energy and tap water/wastewater treatment projects. GSEI is controlled by MBK Partners, a leading Asian private equity firm.
GSEI owns and operates a portfolio of 11 high-quality assets concentrated in key economically developed areas in China, including Beijing, Shanghai and Jiangsu Province. In particular, the company’s flagship waste-to-energy project in Beijing is the largest single-line plant in Asia. The company’s projects are supported by long-term concession agreements with local municipalities, and provide essential services to the local population as China continues on its trajectory of rapid economic growth and urbanization.
“GSEI has deployed innovative technologies and constructed a portfolio of highly strategic assets that position the company at the forefront of China’s rapidly growing environmental protection industry,” said Neil Auerbach, co-managing partner of Hudson Clean Energy Partners. “We are delighted to be working alongside the GSEI management team and the company’s strong existing partners.”
Hudson’s investment will enable GSEI to build out several expansion and greenfield projects and accelerate its near-term growth.
“We are truly pleased that Hudson, with its outstanding reputation and clean energy experience, is investing in GSEI at a time when our industry is poised for significant growth,” said Jiang Chao, chairman and CEO of GSEI. “The Hudson team understands the opportunities that lie ahead, and we welcome their vision as we lead GSEI through its next phase of expansion.”
John Cavalier, co-managing partner of Hudson, added: “It was clear to us that GSEI’s team, asset portfolio, and growth opportunities – together with a compelling industry outlook – make this an ideal partnership for our firm. We are excited that GSEI is Hudson’s first investment in the dynamic Chinese market.”