Bain Capital buys stake in Hong Kong & China Gas's biomass firm

Hong Kong and China Gas

12/01/2023 01:33

Jan 12 (Reuters) - Bain Capital Private Equity said on
Thursday it has completed a deal to acquire a stake in EcoCeres
Inc, a biomass firm majority owned by Hong Kong & China Gas
 0003.HK , as the Boston-based investor strives to ramp up its
sustainable investing strategy.
    The private-equity firm said the deal follows a Series A
investment in EcoCeres from Kerogen Capital last February.
 (Reporting by Riya Sharma in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((Riya.Sharma@thomsonreuters.com;))