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Israeli water treatment company Desalitech receives $35m Liberation financing

17 May 2012

Global private equity fund Liberation Capital has led a $6.25m equity investment in Israeli water treatment company Desalitech.

The company, which provides packaged solutions for industrial, municipal and wastewater treatment plants, said it would use the funding to expand its business and working capital.

Liberation said it would also be supporting Desalitech with “considerable” project finance capital.

The firm’s managing director Jeff Garwood said, “I’ve known the Desalitech team for several years.

“Over this period, the technology has been validated, the management team has grown and matured, and most importantly, the market leaders in the industry have come to understand the technology’s benefit and significance.”

Desalitech CEO Nadav Efraty said, “Ever-increasing water stress, rising costs and increased discharge restrictions are some of the industry’s most difficult and important challenges.

“Solving these problems is what Desalitech is all about

“Liberation Capital is providing the growth capital we need for product commercialization as well as the project finance that will allow us to create a service-oriented business model.”

Liberation aims to support modular, repeatable and decentralised projects such as the ones served by Desalitech, and focuses on cleantech companies with multi-project and multi-year investment horizons.

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