Growth Capital • Test/Measurement Equipment

Letterone Invests In H2scan

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

Investment Context

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.

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

Target Company

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 Overview 1

Investor

Letterone

Investor 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 Context for Investor	#
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.	Buy	-

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.

Buy

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