Baar-Zug, 19 January 2012
Partners Group, the global private markets investment manager, has closed a direct investment in Rioglass Solar on behalf of its clients together with its investment partner Ventizz Capital Partners. The investment was made in conjunction with Jose-Maria Villanueva, the founder and CEO of Rioglass Solar, and current shareholder Abengoa, the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors.
Rioglass is one of the leading worldwide manufacturers of high precision mirrors which are critical components for concentrated solar power plants and has production facilities in Spain and a new site in the US, which has significantly increased the company's capacity. Led by an experienced management team, Rioglass is expected to generate strong organic growth through both its new US facility as well as its plans for targeting further international markets.
Dr. Jürgen Diegruber, Partner and Head of Partners Group's Munich office, comments "We are very pleased to have invested in this attractive company. We believe our global industry network, particularly in infrastructure and renewable energy, should aid Rioglass in building out its leadership position in its target market while also helping the firm penetrate new markets."