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First published in Cleantech Infocus: 2010 - Equity Deals of the Year, January 2011.  Copyright Cleantech Investor Ltd.

2010 was the year of Asian water IPOs. There were several large water sector IPOs in China, including the listing of water utility giant Chongqing Water Group (valued at $8.5 billion at the IPO price) as well as large IPOs for Beijing Water Business Doctor and Beijing Origin Water Technology Company.  In India, VA Tech Wabag raised funding through an IPO in October, raising $28 million.

Meanwhile, the London Stock Exchange’s AIM market was the location for the listing of US company HaloSource. The company, which raised £31.5 million, has developed a technology for killing bacteria and viruses in drinking water.

In terms of venture investment, the countries of Israel and Singapore – both traditionally heavily focused on the water sector – have each featured amongst the fund raising deals for companies with innovative technology in this sector. Water technology deals during 2010 included Triton Water, a German company which raised funding from Singapore’s EDB Investments; and TaKaDu, an Israeli company which raised funding from Emerald Technology Ventures, alongside existing Israeli investors. Triton has developed CompEx, a rubber powder solution that separates oil from water and offers potential for applications including offshore oil spills. TaKaDu is a water infrastructure monitoring solutions company.

1 Chongqing Water Group Co. Ltd - IPO - Shanghai
2 Beijing Origin Water Technology Company - IPO - Shenzhen
3 Beijing Water Business Doctor Co. Ltd - IPO - Shenzhen
4 VA Tech Wabag Ltd - IPO - Mumbai
5 HaloSource Inc. - IPO – London Stock Exchange (AIM)
6 Triton Water AG - Venture Capital Fund Raising
7 TaKaDu Ltd - Venture Capital Fund Raising
 

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