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DEMETER PARTNERS settles in Berlin

The DEMETER PARTNERS Cleantech Fund strengthens in Germany. DEMETER PARTNERS, currently one of the largest European Cleantech investors settles in Berlin today.

DEMETER PARTNERS, which headquarter is located in Paris specializes in the financing of companies expanding in the Cleantech sector and currently manages € 300M within the scope of two funds, DEMETER and DEMETER 2 which final closing is envisaged in November 2009. The portfolio gathers 22 companies in which DEMETER has in invested since 2005, in France, Spain and Germany. The objective of DEMETER 2 is to invest € 40M in Germany over the next three years which will be used to foster the development of companies of the eco-industries (water, waste and air treatment, site remediation) and eco-energies (renewable energies, energy efficiency, green transportation) sectors.

The Berlin office is managed by two investment directors:
Detlef Steinmann who brings more than 10 years of experience in executive postions in the industry (particularly at e.on and Bilfinger Berger AG) as well as 9 years of experience in Private Equity: since 2000, he was the investment director at Capital Stage AG in Hamburg where he proved to be a driving force to invest in the renewable energies sector, particularly in the solar industry.

Michel Leistenschneider has a broad directorship experience within the ELF Company (today known as TOTAL) as well as within the group METAL GESELLSCHAFT for which he managed a subsidiary Company in the Untied States. Michel Leistenschneider is an energy and biomass specialist. He joined the Demeter partners team in 2008.