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Tarsus Pharmaceuticals, Inc. Announces Closing of Initial Public Offering and Full Exercise by the Underwriters of Option to Purchase Additional Shares

Frazier Helathcare partners

IRVINE, Calif., Oct. 20, 2020 (GLOBE NEWSWIRE) — Tarsus Pharmaceuticals, Inc. (“Tarsus”), a late clinical-stage biopharmaceutical company focused on the development and commercialization of therapeutic candidates to address large market opportunities initially in ophthalmic conditions, today announced the closing of its initial public offering of 6,325,000 shares of its common stock at a price to the public of $16.00 per share, which includes 825,000 shares sold upon full exercise of the underwriters’ option to purchase additional shares of common stock. All of the shares were offered by Tarsus. The aggregate gross proceeds to Tarsus from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $101.2 million.

The shares began trading on The Nasdaq Global Select Market on October 16, 2020 under the symbol “TARS.”

BofA Securities, Jefferies and Raymond James acted as joint book-running managers for the offering. LifeSci Capital and Ladenburg Thalmann acted as co-managers for the offering.

A registration statement relating to the offering of these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on October 15, 2020. Copies of the registration statement can be accessed by visiting the SEC website at www.sec.gov. The securities referred to in this release were offered only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; Jefferies at 1-877-821-7388 or by email at prospectus_department@jefferies.com; and Raymond James at 1-800-248-8863 or by email at prospectus@raymondjames.com.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Tarsus Pharmaceuticals, Inc. 
Tarsus Pharmaceuticals, Inc. is a late clinical-stage biopharmaceutical company focused on the development and commercialization of therapeutic candidates to address large market opportunities, initially in ophthalmic conditions, where there are limited treatment alternatives. It is advancing its pipeline to address several diseases across therapeutic categories including eye care, dermatology, and other diseases with high, unmet needs. Its lead product candidate, TP-03, is a novel therapeutic in Phase 2b/3 that is being developed for the treatment of Demodex blepharitis.

Media Contact:
Allison Howell
Pascale Communications, LLC
allison@pascalecommunications.com

 

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ClassWallet to Distribute ‘Strong Families, Strong Students Initiative’ Funds in Idaho to Low-Income Families for Remote Learning Expenses During COVID-19

Brentwood

ClassWallet has been awarded a contract from the State of Idaho and the Idaho State Board of Education to help distribute close to $50 million in funds for its ‘Strong Families, Strong Students Initiative’ to families for their remote learning needs during the COVID-19 pandemic.

Funds for the initiative come from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was passed by Congress and signed into law by President Trump.

ClassWallet will work with Idaho’s Office of the State Board of Education to administer the distribution of funds, safely and securely, from its advanced fintech platform to roughly 30,000 eligible families. Students are eligible for grants of $1,500 each, with a maximum of $3,500 per family. Families will be provided with digital wallets to cover online learning expenses including, but not limited to, technology (computers, software and other devices), internet connectivity, instructional materials, fees for courses, tutoring services and educational services and therapies.

“We created the Strong Families, Strong Students Initiative to provide economic support to Idaho’s low-income families for their children’s educational needs during this difficult time,” said Governor Little in his press conference announcing the initiative. “It is important that we do all that we can to keep parents from having to leave the work force to ensure their children receive a quality educational experience.”

“The ClassWallet platform will enable Idaho to work quickly and nimbly to distribute funds to those families most in need for specific online learning assistance,” said Jamie Rosenberg, ClassWallet co-founder and CEO. “At the same time, we put checks and balances in place to ensure accountability and transparency, while reducing staff time, paperwork and administrative headaches.”

The company manages similar grant programs in Arizona, North Carolina and Oklahoma and is under consideration in several other states. In addition, ClassWallet’s spending management program for teachers is currently in use in more than 135,000 classrooms spread across 3,200 schools in a total of 20 states.

“ClassWallet’s financial technology platform is helping state governments and school districts of all sizes to safely and securely distribute funds for a wide variety of educational purposes,” said Eric Reiter, partner, Brentwood Associates and a director in ClassWallet. “In many ways, the company is acting like a ‘market maker’ in that it solves complex funding distribution challenges up front which allows new programs to be developed.”

Read the full announcement:

ClassWallet to Distribute ‘Strong Families, Strong Students Initiative’ Funds in Idaho to Low-Income Families for Remote Learning Expenses During COVID-19

News / ClassWallet to Distribute ‘Strong Families, Strong Students Initiative’ Funds in Idaho to Low-Income Families for Remote Learning Expenses During COVID-19

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Anthony Diaz to Lead Antares’ Loan Syndicate, Sales and Trading Team

Antares

CHICAGO–(BUSINESS WIRE)–Antares Capital announced today the appointment of Anthony Diaz to head of Loan Syndicate, Sales and Trading. Effective January 1, 2021, Mr. Diaz will succeed Peter Nolan, who will retire after more than 35 years in the industry.

“Anthony is a passionate and skilled capital markets professional who has deep relationships with institutional investors”

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Mr. Diaz brings nearly 25 years of experience to his new role. He joined Antares in 2016 after serving 13 years at GE Capital as a member of the Sales Desk and Structuring teams within Capital Markets. Prior to GE, Mr. Diaz held several controllership positions at Cantor Fitzgerald, Nikko Securities and UBS. Mr. Diaz earned a bachelor’s degree in accounting from St. John’s University and an MBA from The Lubin School of Business at Pace University.

“Anthony is a passionate and skilled capital markets professional who has deep relationships with institutional investors,” said David Brackett, CEO of Antares. “Our loan syndicate, sales and trading capabilities are some of the best in the middle market and we look forward to Anthony’s continued leadership as he takes on this new role. We also would like to thank Peter who leaves behind an indelible legacy both within our business and across the entire industry.”

About Antares

With approximately $27 billion of capital under management and administration as of December 31, 2019, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2019, Antares issued approximately $17 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares’ world-class capital markets experts hold relationships with more than 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. Antares Capital LP is a subsidiary of Antares Holdings LP.

Contacts

Antares Capital
Carol Ann Wharton
475-266-8053
carolann.wharton@antares.com

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EQT launches Growth strategy – Marc Brown joins as Head of EQT Growth

eqt

  • Microsoft Corporate Vice President Marc Brown joins as Partner and Head of EQT Growth
  • EQT Growth – a new and dedicated investment strategy focused on partnering with founders and management teams of market leading companies through growth investments in a range of technology, technology-enabled, and scalable businesses
  • Launch of a Growth strategy positions EQT among the very few private markets firms in the world with investment strategies that address the needs of companies throughout their lifecycle

EQT today announces that Marc Brown, former Microsoft Corporate Vice President of Corporate Development, has joined as Partner and Head of EQT Growth. Having overseen Microsoft’s M&A and strategic investment activities, leading more than 185 acquisitions (including LinkedIn, GitHub and Minecraft) and 80 strategic equity investments (including Flipkart, Databricks and Graphcore), Marc’s experience across the technology industry landscape makes him perfectly suited to lead the EQT Growth strategy.

Earlier this year, Carolina Brochado joined EQT as Partner in London and will join the Growth team. Formerly a partner at both Softbank and Atomico, Carolina has experience across several investment disciplines, including private equity, venture capital and growth. In addition to Carolina Brochado and Marc Brown, the initial EQT Growth team will also include EQT veterans and Partners Victor Englesson, Dominik Stein and Johan Svanström, and Henrik Landgren, Motherbrain Partner, who will work across Ventures and Growth.

EQT Growth is a key pillar in EQT’s overall ambition to be the preferred partner to founders and management teams as they build and grow market leading businesses that have the bold ambition of making the world a better place. More specifically, EQT Growth will explore thematic growth opportunities between venture capital and private equity that are aligned with EQT’s key investment areas such as B2B tech, healthcare tech, impact tech and consumer/prosumer tech. EQT AB will utilize its balance sheet to support investments aligned with the EQT Growth strategy.

EQT Growth will be an extension from a number of successful growth transactions from EQT’s Mid Market, Private Equity and Ventures investment strategies (such as Epidemic Sound, Freepik, Sportradar, Banking Circle, AutoStore, and Wolt). Motherbrain, EQT’s proprietary in-house artificial intelligence (AI) system, will also play a crucial role in the EQT Growth strategy in assisting in identifying trends and sourcing potential investment opportunities.

Per Franzén, Partner and co-head of EQT Private Equity said: “We’re pleased to welcome Marc and Carolina to EQT and look forward to a strong collaboration across the entire Private Capital platform. They will bring vast technology and investment experience The Growth strategy will apply EQT’s thematic focus and seek future champions, and will be a critical next step in the development of EQT Private Capital and further manifesting our future-proofing and positive impact approach.”

Christian Sinding, CEO of EQT said: ”Building this strong team is a true milestone in EQT’s desire to become the preferred partner to the best high-growth market leaders across Europe and beyond. Adding a growth-focused strategy fits us perfectly as it complements EQT’s ’ecosystem’. In fact, EQT is now one of the very few private markets firms in the world with investment strategies that cover and support companies from the startup phase all the way until mature, leading businesses. This makes us a smarter investor and an even better partner to management teams. Finally, EQT Growth is a great example of how we can use EQT AB’s balance sheet to accelerate the development of new initiatives where we can generate strong sustainable returns for EQT’s investors.”

Contact
EQT Press Office press@eqtpartners.com

About EQT
EQT is a differentiated global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than EUR 62 billion since inception and currently has around EUR 40 billion in assets under management across 20 active funds within three business segments – Private Capital, Real Assets and Credit.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 17 countries across Europe, Asia Pacific and North America with more than 700 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

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LLR Partners Closes Sixth Fund at $1.8 Billion

LLR Partners

October 19, 2020

LLR Partners, a lower middle market private equity firm, announces the final closing of LLR Equity Partners VI, L.P. (together with its affiliated investment funds, “LLR 6”) at $1.8 billion, inclusive of the General Partner’s commitment.

“LLR appreciates the support from our legacy investors and the opportunity to build long-lasting relationships with several new domestic and international investors,” said partner Mitchell Hollin.

LLR 6 continues the firm’s 21-year history of investing in and partnering with lower middle market growth companies. Similar to its predecessor, LLR 6 will focus on the technology and healthcare sectors, typically investing between $25 million and $100 million in companies. With more than 70 professionals and a group of experienced executives engaged as Senior Operating Advisors, LLR 6 will invest in minority and majority equity positions, providing capital for growth, recapitalizations and buyouts.

“The sector experience of our investment professionals, along with our value creation and sourcing resources, allow LLR to help companies accelerate organic and inorganic growth and become market leaders,” said Hollin. “Our shared objective is simple: together, we grow companies every day.”

LLR collaborates with its portfolio companies to define and then execute on strategic initiatives with a focus on increasing shareholder value. Through the firm’s value creation team, virtual and in-person Collaborate forums and GrowthBits content, LLR helps its portfolio companies’ management teams achieve their growth objectives. As a United Nations Principles for Responsible Investment signatory, LLR considers environmental, social and governance factors when investing and is committed to diversity, equity and inclusion at the firm and its portfolio companies.

Asante Capital Group acted as placement agent and Latham & Watkins provided legal counsel for LLR 6.

About LLR Partners

LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to define high-impact growth initiatives, turn them into action and create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. For more information about LLR and insights on accelerating growth, visit www.llrpartners.com.

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Apostroph Group acquires GLOBAL TRANSLATIONS GmbH

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Ecm

Apostroph Group acquired GLOBAL TRANSLATIONS GmbH on 24 September
2020. This acquisition will see Apostroph further expanding its leading position in
the highly competitive market for high-quality language services.

Apostroph, a leading language services provider in the DACH (Germany, Austria,
Switzerland) region, with Swiss locations in Bern, Lausanne, Lucerne and Zurich, will
in future be enhanced by GLOBAL TRANSLATIONS GmbH, based in Sutz-Lattrigen
near Biel. GLOBAL TRANSLATIONS, founded by Tatjana Greber-Probst, has been
renowned throughout Switzerland for its quality, flexibility and client proximity for over
20 years.

“This represents an important milestone in Apostroph’s expansion strategy,” says
Philipp Meier, Managing Partner of Apostroph Group. This step will further boost its
position in the language services market and simultaneously expand its regional
presence. The acquisition will also see Apostroph expanding its client base to include
numerous Swiss SMEs and major companies based in Switzerland. Its Bern office will
also gain more than ten new employees, including several linguists. This will strengthen
Apostroph’s internal language team in Switzerland and further expand its capacities.
The clients of both companies will benefit from the merger in the form of enhanced
linguistic expertise, improved capacity, new services and the development of proprietary
technologies and software systems. One thing will remain the same, however: “Our
clients – both those of Apostroph and GLOBAL TRANSLATIONS – will continue to
be served by the project managers they already know. Ms Greber-Probst will also
remain in the team and will continue to look after her clients personally. That is
something we are keen to emphasise,” says Philipp Meier.

About Apostroph Group
Apostroph was founded over 25 years ago in Lucerne and the merged company will in
future bear the Apostroph name. Apostroph Group now also has offices at four locations
in Germany. Serving in excess of 4,400 corporate clients, Apostroph is a leading
language services provider in Switzerland and Germany. The group maintains offices in
Berlin, Bern, Bremen, Hamburg, Lausanne, Lucerne, Munich and Zurich. With 120
employees, of whom 30 are in-house proofreaders, Apostroph is partnered with an
extensive network of more than 2,000 highly qualified translators across a wide range of
fields. Apostroph Group offers professional translations in more than 70 languages –
tailored to the relevant local markets, delivered within the agreed time frame and compliant with the client’s brief.

The company uses state-of-the-art language technology
and client data is hosted on servers located in the respective countries. Apostroph holds
both ISO 9001 and ISO 17100 certifications.

((Pressekontakt:)) For further information please contact:
Media Relations
Apostroph Luzern AG
Töpferstrasse 5
CH-6004 Lucerne
T +41 41 419 01 01
media.relations@apostrophgroup.ch
www.apostrophgroup.ch

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Partners Group to acquire significant equity stake in Telepass, a European leader in electronic toll collection

Partners Group

Baar-Zug, Switzerland; 17 October 2020

Partners Group to acquire significant equity stake in Telepass, a European leader in electronic toll collection

Partners Group, the global private markets investment manager, has, on behalf of its clients, agreed to acquire a significant equity stake in Telepass S.p.A (“Telepass” or “the Company”), a leading electronic toll collection (“ETC”) services provider in Europe. Following the acquisition, Partners Group will become joint owner of Telepass with its current investor Atlantia, a global leader in the transport sector. The transaction values Telepass at an enterprise value of over EUR 2 billion.

Telepass is a leading European provider of electronic tolling services to approximately 7 million clients, with a strong asset base of more than 12 million active payment devices. The infrastructure services business processes around EUR 7 billion in annual transactions across 14 European countries, servicing over 105,000 kilometers of motorway network. Telepass complements its core ETC services with other transport-related services, such as digital mobility payments, for example for fuel, parking, taxis, car and bike sharing services, as well as personal mobility insurance services. Telepass’ core ETC business has long-term stable cash flows underpinned by high retention rates, with an average customer life of around eight years, and a fixed subscription fee model with low correlation to GDP fluctuations. This, combined with the growth potential of its mobility payment and insurance services, offers a unique opportunity for Partners Group to implement an operational value creation strategy in a resilient sector.

Following the transaction, Partners Group and Atlantia will work closely with Telepass management on a number of strategic value creation initiatives to accelerate the business’ existing growth trajectory, build scale across Europe and establish a leading pan-European platform for customer-centric mobility services. Key areas of focus will be further penetration and consolidation of the European ETC market through organic and acquisitive growth; strengthening the “one-stop mobility payment” solution for B2C and B2B customers; scaling mobility insurance coverage across Europe; and working alongside Atlantia and key municipalities to foster Environmental, Social and Governance (ESG) initiatives to optimize urban transport, reducing congestion and CO2 emissions.

Gabriele Benedetto, Chief Executive Officer, Telepass, states: “We welcome Partners Group to the Telepass team. The firm’s excellent operational capabilities and history of supporting companies to grow their geographical footprint, expand service areas, and advance technologically will help us to build on our strong presence throughout Europe and drive our inorganic growth strategy. This acquisition is happening at a key point in Telepass’ growth and we look forward to benefiting from the size and strength of Partners Group’s platform, as well as the team’s responsible ownership approach.”

Livio Fenati, Senior Member of Management, Private Infrastructure Europe, Partners Group, says: “This is a compelling opportunity to support an outstanding, non-cyclical asset with a strong brand in the attractive, high-growth transport sector identified by our Thematic Sourcing approach. The Company is uniquely positioned to benefit from the growing electronic payment sector as the global transition to non-cash payments continues, as well as the significant opportunities to expand the asset base via inorganic and acquisitive growth in its core ETC business. Partners Group’s global platform and strong asset management capabilities make Telepass an excellent fit for our transformational investing strategy.”

Shreya Malik, Member of Management, Private Infrastructure Europe, Partners Group, adds: “We are looking forward to working actively with Atlantia and Telepass’ management team to expand into adjacent ETC markets, develop a more diversified customer base, and accelerate the growth of its already high-quality and resilient platform. In addition, Partners Group will work closely with Atlantia on key ESG focus areas for the asset, bringing the expertise we have gained from implementing sustainable measures across our global portfolio, and the emphasis we place on stakeholder prosperity, to this investment. We are excited to bring Partners Group’s experience in the sector to actively support Telepass’ next phase of growth.”

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Equistone to sell ROTH GRUPPE to Patrimonium

Equistone

Funds advised by Equistone Partners Europe (“Equistone”) have agreed the sale of their majority stake in ROTH GRUPPE AG, a leading Swiss provider of structural fire protection, technical insulation and coating solutions, to a fund advised by Patrimonium Private Equity Advisors AG (“Patrimonium”). The financial terms of the transaction are undisclosed.

Founded in 2001 and with 450 employees today, ROTH GRUPPE, based in Gerlafingen, Switzerland, is a leading regional specialist provider of passive fire protection and insulation solutions, as well as related services for the construction sector. Its portfolio includes consulting, planning, installation and long-term maintenance services for major infrastructure projects as well as public and private buildings. ROTH’s customers comprise an established and extensive network of general and construction contractors, installers, architects and companies specialising in construction and building services engineering, as well as industrial and retail companies.

Equistone acquired a majority share in ROTH GRUPPE in September 2016 and has driven the organic and strategic growth of the Swiss technology leader in recent years through a total of three add-on acquisitions. With the acquisition by Patrimonium, the aim is to leverage new market synergies and create long-term growth opportunities. The operational structure of the company will remain unchanged.

Dirk Schekerka, David Zahnd and Roman E. Hegglin led the transaction on behalf of Equistone. Equistone was advised by ZETRA International (M&A) and Baker McKenzie (Legal).

PR Contacts

GERMANY & SWITZERLAND

Munich & Zurich

  • IWK Communication Partner
  • Ira Wülfing / Florian Bergmann
  • Tel: +49 (0)89 2000 30 30
  • E-Mail IWK

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EQT Infrastructure V to co-invest in Deutsche Glasfaser

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eqt

EQT Infrastructure V has signed an agreement to co-invest alongside EQT Infrastructure IV in Deutsche Glasfaser (“the Company”). Post the closing of the transaction, EQT Infrastructure V will hold a 12 percent stake in the Company.

After the acquisition of inexio late last year and of Deutsche Glasfaser (closed in May 2020), EQT Infrastructure IV combined the two companies into the new Deutsche Glasfaser Group. Following the merger of the two companies, additional growth and development opportunities have been identified. EQT Infrastructure V’s participation will help to capture these opportunities and secure support for the new Deutsche Glasfaser Group’s full potential plan.

Deutsche Glasfaser Group will continue to execute, and accelerate, the strategy announced in connection with the closing of the acquisition in May 2020. In short, the strategy includes growth of the Company by pursuing a large-scale deployment of “fiber-to-the-home” internet access in rural Germany.

The closing of the transaction is expected in Q4 2020. With the acquisition of a stake in Deutsche Glasfaser, EQT Infrastructure V is expected to be 10-15 percent invested based on its target fund size, and EQT Infrastructure IV is expected to be 80-85 percent invested.

Contact
EQT Press Office, press@eqtpartners.com

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 40 billion in assets under management across 20 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Deutsche Glasfaser
Deutsche Glasfaser was founded in 2011 and has since then been pioneering “fiber-to-the-home” roll-out in rural areas in Germany. Today the Company is Germany‘s leading “fiber-to-the-home” platform with a best-in-class roll-out machine, providing its fiber-based broadband to more than 1 million homes passed and employing more than 1,100 FTE.

More info: www.deutsche-glasfaser.de

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Vow ASA and Tinfos AS has entered into a cooperation agreement

Reiten

16th October, 2020

Vow ASA and Tinfos AS has entered into a cooperation agreement to distribute Vow’s onshore ‘Plastic to Electricity’ solution in selected countries and markets, starting with Indonesia.

Vow offers a wide range of technologies and solutions which converts different waste materials into valuable raw materials and clean energy. These days, handling of plastic waste is a particularly relevant topic in the company’s dialogue with customers.

The solution which will be offered in Indonesia is mobile and container based. It basically converts plastic waste to electricity through pyrolysis. The solution will replace diesel in local power production. Similar container based units are already in use as part of a pilot project at the municipal waste company Lindum’s facilities outside Drammen, Norway, and at Vow’s own facility at Vernon, France.

“We are looking forward to working with Tinfos AS and deliver such ground-breaking technology and solutions to a significant problem in many communities. The main objective is to solve local plastic waste problems to prevent this entering our oceans, at the same time to generate energy. This means that we give plastic waste an economic value for the local communities and an incentive to solve the problem. We expect that the cooperation agreement will result in delivery of several such units in the course of the coming years,” says Henrik Badin, CEO of Vow ASA.

Tinfos AS is one of Norway’s oldest companies and among the first in the world to generate renewable energy in form of electricity from hydro power. Today, the company is involved in development and operation of run-of-river hydro power stations in Norway and abroad. Outside Norway, Tinfos AS is particularly engaged in Indonesia where the company has operated since 2009, and in Western Balkan.

“For a long period of time, Tinfos AS has witnessed with grave concern how lack of solutions for collection and handling of plastic has led to significant damage to the environment, both on shore and in the sea around Indonesia,” says Øyvind Frydenberg, CEO in Tinfos AS.

Frydenberg further adds; “By using Vow’s solutions for ‘Plastic to Electricity’, Tinfos AS wishes to contribute to solving this challenge, and at the same time provide meaningful jobs for local waste collectors in Indonesia.”

Tinfos AS sees strong synergies between the company’s ongoing activities related to development and operation of run-of-river powerplants in Indonesia and Vow’s solutions. Indonesia comprises around 17 000 islands with a complex logistics, which makes Vow’s ‘plug-and-play’ solutions particularly relevant.

For further information, please see company press release

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