FCF advises Hydrogenious LOHC Technologies in its €17 million capital increase

Munich, August 13th 2019 (fcf) – FCF advises Hydrogenious LOHC Technologies in its €17 million capital increase

FCF Fox Corporate Finance acted as advisor to the management of Hydrogenious LOHC Technologies, a technology provider in the field of hydrogen storage. 

Hydrogenious LOHC Technologies (the “company”) and FCF Fox Corporate Finance (“FCF”) announce the successful placement of a €17 million capital increase. With its innovative Liquid Organic Hydrogen Carrier (LOHC) technology, the company attracted further strong partners. In addition to AP Ventures (a venture capital fund backed amongst others by AngloPlatinum, a major global mining company), who initially invested in the company in 2014, Royal Vopak (the world’s leading tank storage company), Mitsubishi Corporation (a major Japanese conglomerate) and Covestro (a major German chemical company) are now expanding the list of investors in Hydrogenious LOHC Technologies.  “We warmly welcome our new investors and are very excited to work with them as strategic partners who share our vision of a LOHC-based worldwide hydrogen infrastructure,” said Daniel Teichmann, CEO of Hydrogenious LOHC Technologies.

This commitment by strategic investors in the establishment of hydrogen as an alternative, carbon-free fuel and the build-up of an accompanying infrastructure goes in parallel with efforts on the political level. In Germany alone, the federal government recently pledged to provide more than €100 million in public funding annually to promote the establishment of an industrial hydrogen infrastructure. “We want to become the global number one in hydrogen technologies” said the Minister of Economic Development Peter Altmaier in a recent interview. Other European countries as well as the European Union have also announced similar objectives and sizeable funding support. Hydrogenious LOHC Technologies is already benefitting from these funds directly e.g. with its current EU funded project HySTOC, a pilot project for LOHC supplied fuel stations. Longer term, Hydrogenious will benefit from the systematic market development and the opportunity to establish itself as a first-mover and technology provider for the emerging demand for hydrogen storage solutions.

Hydrogenious LOHC Technologies mandated FCF Fox Corporate Finance as advisor for the financing process to access leading investors and to ensure a stringent and professional process. FCF’s unique investor network and structured investor identification process brought investors to the process, that the company previously had no access to, including more than 100 potential clean-tech and energy investors suitable for this transaction. “FCF’s involvement helped to focus all parties on our process timeline and establish a streamlined closing-oriented sentiment among the investors.” said Cornelius von der Heydt, CCO of Hydrogenious LOHC Technologies.

The advantages of the new partners are not limited to financial support. The strategic international investors are committed to developing the LOHC technology as an essential component of the international hydrogen infrastructure. “This strategic partnership will facilitate development of transregional and global transport of hydrogen and contribute to the development of hydrogen-based economies,” said Marcel van de Kar, Business Development Director – Energy Transition at Vopak., the lead investor in this round.

ABOUT FCF FOX CORPORATE FINANCE

FCF is a specialized Investment Bank and Financing Specialist, advising public and private small/mid-market companies in the German speaking regions.

 FCF focuses on four primary client segments:

  • Mid-Markets: Medium-sized companies with sustainable business models in typical “Mittelstand” industries, such as industrial products and machinery, automotive, communications, logistics, and consumer products
  • Real-Tech: R&D-driven companies in technology sectors, entering the commercialization stage with initial fast-growing revenues
  • Growth: Fast growing companies, that have successfully entered their market, showing double digit revenue numbers and are seeking to expand widely
  • Life Sciences: Highly innovative companies focusing on the development of cutting-edge biotechnology, med-tech, health-tech and pharmaceuticals solutions

FCF arranges, structures, and places equity and debt capital transactions and supports its clients’ growth, IPO/Pre-IPO, acquisition and standard balance sheet (re-)financing strategies at the best available terms.

Founded in 2005 and headquartered in Munich, FCF has direct relationships and works with all leading German, European and international financiers, lenders and investment houses addressing German small/mid-cap companies.

ABOUT HYDROGENIOUS LOHC TECHNOLOGIES GMBH

 Hydrogenious LOHC Technologies GmbH was established in 2013 as a spin-off of Friedrich-Alexander-Universität Erlangen-Nürnberg with the aim of developing LOHC technology. On the basis of recent investments from Royal Vopak, Covestro and Mitsubishi Corporation and initial investments from AP Ventures and partnerships with companies such as Frames, Clariant, Eastman Chemicals and MAN, Hydrogenious LOHC Technologies is very well positioned to make its vision of LOHC-based hydrogen infrastructure a reality.  Hydrogenious LOHC Technologies is based in Erlangen, Germany and employs 70 highly skilled team members making it a global leader in the field of hydrogen storage technologies based on Liquid Organic Hydrogen Carriers (LOHC).  The company builds plants for the hydrogen logistics industry and hydrogen refueling stations based on the LOHC technology.