"One of our key strategies is to look at how we can capitalize on distressed real-estate assets in order to invest in waste processing, waste-to-energy and renewable energy sectors,” said Reza Irani-Kermani, CEO of Black Pearl Capital.
London (PRWeb UK) September 27, 2010
Black Pearl Capital’s newly set-up private equity fund, Black Pearl Capital Partners (“BPCP”) today announced that it has become the majority stakeholder of Kelsdale, a former chemical plant located on 142-acres in Castleford, Yorkshire. It represents a major new UK investment for the fund and continues BPCP’s focus on infrastructure assets and renewable energy.
The fund and its co-investor and asset manager, Aeternum Capital, have begun to investigate the development opportunities for the site. They are currently in preliminary discussions with all stakeholders including, the local authorities and the UK Environment Agency to devise a long-term plan that will enable new jobs across various sectors for the region.
"One of our key strategies is to look at how we can capitalize on distressed real-estate assets in order to invest in waste processing, waste-to-energy and renewable energy sectors,” said Reza Irani-Kermani, CEO of Black Pearl Capital. “We think the water-side property in Castleford has the potential to become a new source of growth for the region. The plant has been abandoned for a number of years so it is important we find the right long-term approach for this investment.”
About Black Pearl Capital Partners
Black Pearl Capital Partners is a private equity fund with a committed capital of USD 50m set up and managed by Black Pearl Capital (“BPC”). BPC is an asset management and advisory firm registered in the Cayman Islands, with offices in Europe and the Middle-East where its dedicated team of professionals provide its clients with specialized wealth and investment management services, as well as deal specific transaction advice. For more information, visit http://blackpearlcap.com.
About Aeternum Capital
Aeternum Capital works alongside partners, such as Black Pearl Capital, to originate investments, create value, and deliver solutions for their UK Infrastructure Assets across Renewable Energy sectors including Biomass, Waste-to-Energy, Biofuels and associated commercial activities. For more information, visit http://www.aeternumcapital.com