Clearwater International advises Lagerwey on raising growth capital from Ponooc B.V. (investment fund of Pon)
Clearwater International advises Lagerwey on raising growth capital from Ponooc B.V.
Clearwater International has advised Lagerwey, the innovative Dutch developer and manufacturer of wind turbines, on raising growth capital from Ponooc B.V. (Ponooc), an investment fund of Pon Holdings.
Since 1979, Lagerwey has been focused on clean, reliable wind energy and in 2015, more than quadrupled its revenues to €43m.
Ponooc is a Dutch conglomerate in the transportation sector, focusing on investments in sustainable energy and mobility. The current portfolio includes companies that focus on battery storage, smart city solutions, geothermal energy, energy services, and bike-sharing concepts. Pon Holdings is a family-owned, international trading and service organisation, with a workforce of 13,000 people across 450 locations in 32 countries. Its subsidiaries are active in passenger cars, commercial vehicles, bicycles, earth-moving equipment, ships engines, and electrical engineering.
This transaction aligns with Ponooc’s sustainable investment strategy within wind energy and enables Lagerwey to accelerate its growth plans, including the production and first prototype of the newest 4.0 MW turbine. It will also allow development of the innovative Lagerwey Crane, which will eliminate the need for large cranes in the on-site construction of wind turbines.