Venterra Group Updates

Today, our parent company, Venterra Group, announced that BeyondNetZero, the inaugural companion fund for General Atlantic’s climate investing efforts, will become the lead investor in Venterra’s fourth fundraising round.

Venterra will raise approximately £150 million through this latest round, comprised of equity financing from BeyondNetZero and existing investors including First Reserve, as well as debt financing facilities. Venterra plans to use this round of funding to secure and finance acquisitions in the company’s deal pipeline and to invest in existing and future Venterra member companies.

Upon completion of the current funding round, Lord Browne, Chairman of Climate & Sustainability Investing at General Atlantic, will be appointed as Non-Executive Director of Venterra. Lord Browne brings over 50 years of industry experience, including previous roles as the Group Chief Executive of BP from 1995 to 2007 and as co-head of Riverstone’s renewable energy private equity fund from 2007 to 2015.

Also joining the Venterra Board as Non-Executive Director from 01 September 2023 is Tjada D’Oyen Mckenna. Tjada is Chief Executive Officer of Mercy Corps, a leading humanitarian relief organisation operating around the world, and previously she was Chief Operating Officer of Habitat for Humanity and CARE. Her career has a unique blend of experience in operational leadership across the government and not-for-profit sectors, and she brings extensive experience in policy development, community and environmental impact around the world.

In the final piece of today’s exciting news, Venterra Group also announced its agreement to acquire CAPE Holland, the market leader in offshore vibro-piling, an innovative method to install and remove ever larger monopile foundations that support increasing turbine sizes in offshore wind farms. The acquisition is expected to complete in the next several weeks.

Headquartered in Beilen, The Netherlands, CAPE Holland developed unique Vibro Lifting Tools to handle and drive piled foundations into the seafloor bringing distinct advantages over traditional installation methods. Its specialist equipment speeds up installation using less vessel time, uniquely protects against ‘pile runs’ and responds to environmental needs by creating less noise on the sea’s surface and within the water column. The company employs over 60 people, and its fleet of Vibro Lifting Tools is deployed worldwide on behalf of developers and tier-one contractors.