Investment Summary

Letterone Invests In H2scan

On February 22, 2022, private equity firm Letterone invested in test/measurement equipment company H2scan

Investment Highlights
  • This is Letterone’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Letterone’s 2nd transaction in the United States.
  • This is Letterone’s 1st transaction in California.

Investment Summary
Date 2022-02-22
Target H2scan
Sector Test/Measurement Equipment
Investor(s) Letterone
Deal Type Growth Capital

Target

H2scan

Valencia, California, United States
H2scan is providing hydrogen sensors for electricity utilities and industrial markets. H2scan provides the most accurate, tolerant and affordable hydrogen leak detection and process gas measurement solutions for a wide range of applications in the power industry, H2scan was founded in 2002 and is based in Valencia, California.

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Investor(S) 1

Investor

Letterone

Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 26.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LetterOne (L1) is a private equity firm focused on long-term investment opportunities in the energy, technology, health and retail sectors. LetterOne was founded in 2013 and is headquartered in Luxembourg.

DEAL STATS #
Overall 8 of 8
Sector (Test/Measurement Equipment) 1 of 1
Type (Growth Capital) 4 of 4
State (California) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-07 Plastic Energy

London, United Kingdom

Plastic Energy is a chemical recycling company, with operating plants in Spain and a facility under construction in the Netherlands. The company has a viable and proven solution to the global problem of plastic waste pollution. With patented technology, it transforms end-of-life plastic waste otherwise destined for landfill or incineration. Plastic Energy was founded in 2011 and is based in London, United Kingdom.

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