First Eastern takes stake in Sustainable Development Capital

Formation of joint venture to expand large scale sustainable projects in Asia
Date: 
February 17, 2012

Hong Kong-based First Eastern Investment Group has taken a minority stake in Sustainable Development Capital LLP ("SDCL"), a UK-based merchant banking firm focused on large scale sustainable development projects. First Eastern's participation involves both a direct investment in SDCL, as well as the establishment of a 50:50 joint venture to expand SDCL's business in Asia. First Eastern chairman and CEO Victor Chu has also joined SDCL's Board.

The new joint venture, SDCL Asia, will be based in Hong Kong and will leverage the regional expertise of First Eastern to strengthen the services that SDCL provides to clients and accelerate the growth of its investment business.

For First Eastern, its investment in SDCL represents a continuation of its strategy of investing in mid-sized British companies with proven products and services and helping them to expand into Asia's fast growing markets, leveraging First Eastern's local knowledge and expertise.

SDCL has an established corporate finance and advisory business specialising in sustainable infrastructure assets and services including energy, water, waste, transport, healthcare and education. Its client base includes public and private sector financial institutions, investment funds, corporations and project developers in the environmental and social infrastructure markets. SDCL is developing its investment business in Europe and Asia, focussed on energy efficiency project development and finance.