The Deal
Sunday, November 22, 
6:35 am

Shipping magnate Georgiopoulos starts cleantech PE fund

  Share     E-Mail    Discussion (1)     Print Story
Peter C. Georgiopoulos, the head of shipping firm General Maritime Corp., is going green with a new renewable energy private equity fund.

Continue reading below

Also on Dealscape

The new firm, Green Maritime Partners LLC, will focus on investments within the maritime and clean energy sectors. The new fund's size was not disclosed, but it will be managed by Georgiopoulos and co-founder Chris Teryazos, who will be responsible for its operations. Within the maritime industry, Green Maritime plans on backing enterprises focused on emissions reduction, energy efficiency and environmental remediation, as well as alternative and renewable energy projects related to cleantech. Investment sizes will range from $5 million to $20 million. - George White

See press release
See Tech Confidential's cleantech special report



Comments

From: Barry Parker,

Peter G has been at the cutting edge- and I suspect that will be the case here.

Shipping's IMO (an international body that sets rules) has now formulated plans for reduced sulfur emissions over the next decade, so I suspect Peter G will have many technologies to be offfering the industry as this fund moves forward.


Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.