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June 01, 2006
Biogas IPO Gives VC Quick Return
Schmack Biogas, which delivers turnkey alternative energy plants, floated this week on the Frankfurt Stock Exchange. It raised €73M, achieving a post-money valuation of €153M. 
The transaction gave Zurich-based SAM Private Equity (which does both early and late stage VC investment) a 10 times return on the shares it managed to sell in the IPO. It was a partial exit on a financing round that it participated in just last May, SAM Private Equity said.
Biogas plants converts raw sewage, manure, and other natural waste products into fuel which can be used for heating and cooling.
Read - Schmack Biogas AG successfully listed at the Prime Standard in Frankfurt
Posted on June 1, 2006 06:14 AM | Posted to IPO | News And Updates | Permalink
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