Credit Suisse To Invest $300M In Renewables

NAW Staff, Friday 28 March 2008 - 10:32:14

Credit Suisse has reached an agreement with private equity firm Hudson Clean Energy Partners whereby Credit Suisse, together with its clients and affiliates, will commit at least $300 million to make principal investments in the renewable energy sector through Hudson. As part of the agreement, John Cavalier, head of Credit Suisse's renewable energy investment banking practice, will join Hudson as a partner. In his new capacity, Cavalier will join Neil Auerbach, Hudson's founder, as co-managing partner of the investment platform.

"Credit Suisse has been looking to invest its own capital in renewable energy for a long time," says Cavalier. "We were highly selective in searching for the right team. Hudson's principals have an unparalleled track record of successfully backing the leading companies in the industry. I am highly confident that Hudson will become the premier private equity firm in the clean energy sector for years to come."




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