South Asian Clean Energy Fund (SACEF), which is co-sponsored by Global Environment Fund and Yes Bank, has invested around $11 million in Concord Enviro Systems Pvt Ltd, a Mumbai-based company engaged in developing, manufacturing and installing waste water treatment and reuse systems.
This is the first investment by Global Environment Fund in the industrial water treatment sector through SACEF.
In 2009, Sage NPE Fund I, through its subsidiary India Waste Water Treatment Co, had invested $9.02 million in Concord Enviro Systems.
o3 Capital advised Concord Enviro on the deal.
SACEF, which is co-sponsored by Global Environment Fund and Yes Bank, is an investor globally in the environment, sustainability and natural resources sectors in South Asia, Latin America, Africa, China and the US.
In India, it has invested over $150 million across several deals in the last decade.
Last year, it invested in ReNew Power Ventures, a renewable energy producer.