List of 13 Middle-Market Environmental Private Equity Firm Investors in Western Europe

Investor	PE Assets $mlns	Portfolio	M&A Activity Buy vs Sell, Last 5 Years
Gilde Equity Management Houten, Netherlands Private Equity Firm • 1982 • website See all 12	563	56	23
Nazca Capital Madrid, Spain Private Equity Firm • 2001 • website See all 11	851	44	15
Trail Capital Paris, France Private Equity Firm • 2007 • website See all 6	845	26	8
Hivest Capital Partners Paris, France Private Equity Firm • 2016 • website See all 3	563	13	9
ECM Equity Capital Management Frankfurt, Germany Private Equity Firm • 1995 • website See all 7	1,127	36	10
Maxburg Capital Partners Munich, Germany Private Equity Firm • 2014 • website See all 7	676	23	17
Marondo Capital Munich, Germany Private Equity Firm • 2016 • website See all 4	485	7	7
Value4Capital Luxembourg, Luxembourg Private Equity Firm • 2011 • website See all 6	375	8	7
Karmijn Kapitaal Amsterdam, Netherlands Private Equity Firm • 2010 • website See all 6	-	19	11
H2 Equity Partners Amsterdam, Netherlands Private Equity Firm • 1991 • website See all 3	563	62	12
Maj Invest Equity Copenhagen, Denmark Private Equity Firm • 2005 • website See all 12	665	81	8
Seafort Advisors Hamburg, Germany Private Equity Firm • 2012 • website See all 3	293	8	-
Truffle Capital Paris, France Private Equity Firm • 2001 • website See all 20	789	56	6

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Middle-Market Western Europe Environmental Private Equity Firm Investors