Bothell, Wash. — Masdar, through the Masdar Clean Tech Fund LP
(“CTF”) —a global $250M clean-technology investment vehicle, has
made a $15M investment in HaloSource, an antimicrobial and clean
technology solutions company, to accelerate expansion of
HaloSource’s drinking water business in developing world markets.
Masdar is an initiative of the Government of Abu Dhabi undertaken by
the Abu Dhabi Future Energy Company (“ADFEC”), a private joint stock
company established and wholly-owned by Mubadala Development
Company. Other investors in the Masdar CTF include Credit Suisse,
one of the world's leading banks headquartered in Zurich,
Switzerland, London-based Consensus Business Group’s affiliated
company, Cleantech International Limited, and Siemens Venture
Capital, the venture arm of Siemens AG.
HaloSource’s patented antimicrobial technologies focus on water
purification and water clarification. The company currently operates
in three water segments—drinking water, storm/industrial water and
recreational water. In the drinking water segment, HaloSource
operates a subsidiary company in Bangalore, India and is currently
setting up operations in China near Shanghai. “The markets for our
HaloPure drinking water solutions are vast including most of Asia,
Africa, and Latin America, and we are currently working with a
number of partners in these regions that provide us with the
necessary market access and distribution,” said John Kaestle,
president and CEO.
“With the addition of Masdar to our investor base we now have
improved access to markets in the Middle East and the financial
resources to fully execute our drinking water expansion strategy and
take the company to the next level.”
Masdar is Abu Dhabi's multi-billion dollar, multi-faceted response
to the need for a global focus on the development of advanced
energies and sustainability-related technologies. It is designed to
ensure, in the long-term, that Abu Dhabi retains, and even grows,
its share of the global energy market. Masdar focuses on the
development and commercialization of technologies in renewable
energy, energy efficiency, carbon management and monetization, water
usage and desalination.
“HaloSource has successfully commercialized technologies in existing
water-related markets and needs additional capital to tackle the
very large and growing market for drinking water purification
technologies,” said Jennifer Wick, Chief Investment Officer of
Consensus Business Group. “We are excited to have found such an
innovative company with game-changing technologies at this stage of
expansion, and we look forward to working with, and supporting, the
company’s leadership in scaling the business.”
About HaloSource
HaloSource antimicrobial and clean technology solutions reliably and
effectively provide clean water and control germs. HaloSource offers
the most effective, tested and proven solutions in the product
categories of clean water and infection control. HaloSource brands
include HaloPure water purification products that kill
disease-causing bacteria and viruses and remove impurities for safe,
pure drinking water, HaloShield textile and surface coating
solutions that harness the antimicrobial power of chlorine, SeaKlear
water treatments to maintain clean and clear water in pools and
spas, and StormKlear natural erosion and sediment control for
treating and decontaminating storm and waste water. In addition to
Masdar, HaloSource investors include Alexander Hutton Venture
Partners; Buerk Dale Victor LLC; Britannia Holdings Ltd.; Unilever
Technology Ventures and Mars, Inc.
About Masdar and the Abu Dhabi Future Energy Company
The Abu Dhabi Future Energy Company (ADFEC) is Abu Dhabi’s vision
and investment in the future of energy and environmental
sustainability—a private joint stock company established and
wholly-owned by Mubadala Development Company. ADFEC drives the
Masdar Initiative, a multi-billion dollar, multi-faceted response to
the need for a global focus on the development of advanced energies
and sustainability-related technologies.
Masdar is designed to ensure that Abu Dhabi grows its share of the
global energy market by fostering the development and
commercialization of advanced and innovative technologies in
renewable, alternative and sustainable energies for a cleaner, safer
environment and future.
Masdar has partnered with the world’s most prominent companies,
educational institutions and investment firms to lead and advance a
global strategy of international knowledge and capability to change
the way the world understands energy and create a historic, global
shift to new energy sources and sustainable resource utilization.
Masdar is comprised of six strategically designed and focused units:
MASDAR INSTITUTE OF SCIENCE AND TECHNOLOGY – in partnership with the
MIT, will offer Masters and PhD programs in science and engineering
focused on advanced energy and sustainable technologies.
MASDAR RESEARCH NETWORK – a unique collaborative network of
world-class scientists and post-doctoral researchers linking the
MASDAR Institute and seven leading global scientific research
institutions in three continents.
INNOVATION & INVESTMENT – the investment and commercialization
vehicle for advanced energy and sustainability technologies.
SPECIAL PROJECTS – develops capital-intensive projects including
large-scale manufacturing and deployment of new energy technologies
and systems.
CARBON MANAGEMENT – spearheads the development of multi-sector
greenhouse gas reduction projects.
MASDAR ZONE DEVELOPMENT – a unique, integrated “Green Community” in
the heart of Abu Dhabi hosting Masdar and a carefully selected pool
of international tenants who will invest, develop, and commercialize
advanced energy technologies.
About Consensus Business Group
The Consensus Business Group provides advisory services on numerous
assets, investments and business opportunities to the trustees of a
family trust which is its ultimate beneficial owner.
Consensus covers all aspects of advice from the identification of
strategic areas of business; the acquisition, financing (including
structured and complex financing) and development of specific
opportunities; long-term business development and growth; management
techniques and incentivisation; and through to the realization of
benefits for all stakeholders.
Consensus Business Group recommends investment opportunities in a
broad range of synergistic activities. The core business includes
the acquisition, management and development of commercial and
residential real estate and a substantial investment portfolio
focused on new technologies and technology start-ups. Consensus also
actively recommends investments in renewable energy and sustainable
development.
