Envisage Equity invests in Noble Environmental Technologies
Envisage Equity provides growth equity and enters into a strategic partnership agreement with Noble Environmental Technologies
SOURCE Envisage Advisors, LLC
Clean Technology Private Equity
NEWPORT BEACH, Calif., Oct. 31, 2014 /PRNewswire/ — Envisage Equity, an operationally focused private equity firm, announced today that it has entered into agreements to provide an equity investment and establish strategic partnerships with Noble Environmental Technologies (NET).
Envisage’s investment enables Noble Environmental Technologies to significantly expand its existing production facility in Kraljevo, Serbia, and to build a Research & Development production facility in San Diego, California. Additionally, in connection with the facility expansion in Serbia, the Serbian government will provide Noble Environmental with a substantial grant and will share in the costs of the expansion. And, in a strong show of support, the Serbian government has committed to collect and provide the agricultural waste from local farmers. NET’s ECOR® technology can readily convert this waste stream into an advanced sustainable building and design material that is 100% recycled and recyclable. “This technology represents one of the highest waste-to-resource and waste-to-product technologies in the market today,” said Rene Hausler, CEO of Noble Environmental Europe.
As part of a strategic partnership, Envisage and Noble Environmental Technologies will work with public and private partners to establish up to ten additional manufacturing facilities. Envisage will also provide manufacturing, engineering and design services in connection with the expansion of the Serbian facility and the continued development of Noble Environmental Technologies’ manufacturing capabilities.
“Noble Environmental is well positioned to capitalize globally on the development of ECOR® in a seemingly limitless number of applications,” said Jeffrey Le Sage, Founder and Managing Director of Envisage Equity. “We are excited to partner with the visionary talent of Robert Noble, the global business experience of Rene Hausler and their very capable and committed management teams in the United States and Europe. We look forward to seeing Robert’s vision of ECOR® Everywhere become a reality as the market and consumers realize the quality, design and health benefits of ECOR® over traditional wood, plastic and chemical-based materials.”
“We are thrilled to have found a partner who not only understands the unique opportunity this conversion technology provides as well as the experience and know-how to rapidly accelerate the broad global adoption of ECOR,” said Robert Noble, Founder and CEO of Noble.
Envisage Advisors, LLC served as strategic advisor, and Gibson, Dunn & Crutcher LLP served as legal counsel, to Envisage Equity.
About Noble Environmental Technologies
Noble Environmental Technologies (www.ecorusa.com) is the inventor and manufacturer of ECOR®, an advanced sustainable building and design material that is 100% recycled and recyclable and has the highest value conversion waste-to-resource use. As a Cradle to Cradle and USDA Bio-based Certified product, ECOR® has been recognized by the market as one of the top new green building materials, as well as for its industry changing potential as an environmentally-friendly alternative to traditional wood, particleboard, fiberboard, cardboard, medium-density fiberboard and less desirable products including aluminum, plastic and synthetic composites. ECOR® is successfully replacing traditional wood-based materials in many applications, including manufacturing, packaging, construction, architecture and design, furniture and fixtures.
About Envisage Equity, LLC
Envisage Equity (www.envisageequity.com) is an operationally focused growth equity private equity firm. Envisage Equity partners with middle market entrepreneurs who are looking to significantly expand their businesses. Envisage Equity takes both control and non-control positions in companies with at least $3 million in EBITDA. Envisage Equity has operating partners and experience in aerospace, manufacturing, technology, clean technology, gaming, consumer products and healthcare.
About Envisage Advisors, LLC
Envisage Advisors (www.envisageadvisors.com) is a boutique investment banking firm dedicated to meeting the needs of middle-market and large cap companies. Envisage Advisors provide clients with comprehensive banking services including merger & acquisition advisory, private placements of debt and equity, and strategic consulting. The Envisage Advisors team strives to maximize the value of its clients’ businesses while providing dependable and unbiased advice. The industries Envisage Advisors has experience with include business services, consumer products, gaming & leisure, technology, clean technology, Hispanic owned or oriented businesses, health & wellness, industrial safety, lodging & hospitality, maritime, pedestrian traffic controls and printing.
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