Sources inform ''Globes'' that British trust fund manager Consensus Business Group chairman Vincent Tchenguiz, is seeking Israeli cleantech investments. The company has a £4 billion commercial property portfolio, and a $500 million technology investment program.
Tchenguiz has already invested in Maayan Ventures Ltd. (TASE:MAYN), Hadasit Bio Holdings Ltd. (TASE:HDST), and B. Gaon Holdings Ltd. (TASE: GAON). He acquired 5% of Gaon Holdings for $5 million through Vincos Ltd. in a recent private placement.
Consensus Business Group makes cleantech investments worldwide, and Israel is only one investment target. Tchenguiz announced his strategic intention to invest in cleantech in January 2006. The largest investment to date was the acquisition of 6.5% of UK’s Southern Water. He says that he wants to become an influential figure in the global cleantech industry in order to become “the world’s first cleantech billionaire”.
Tchenguiz is sponsoring an ecology exhibit by artist Shay Zakai International Water Technologies and Environmental Control Exhibition and Conference - Watec 2007 exhibition in Tel Aviv at the end of the month. He said that the exhibit was the last event without a sponsor.
During a brief visit to Israel last week, Tchenguiz met Prime Minister Ehud Olmert, President Shimon Peres, and cleantech entrepreneurs.
Consensus Business Group’s cleantech investments include water, renewable energy, recycling, and other environmental sectors. The company invests in start-ups at various stages.
Published by Globes [online], Israel business news - www.globes.co.il - on October 22, 2007
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