Energy Capital Group (ECG), a private global investment firm focused on energy and energy-related corporate investments, has announced plans to pursue further investments in the global energy services sector in order to capitalise on growth in global energy demand and the resulting need for significantly raised levels of production and added capacity, much of which will come from the Middle East and North Africa (Mena) region.

The firm, established in 2008, has already completed over $100 million of investments in global and Middle East energy services companies. These investments have been made alongside and seen participation from blue-chip regional and global financial institutions as well as individual investors and family groups. ECG is now moving forward with plans having established a $300 million investment vehicle with a targeted first close of $200 million in committed capital in the second quarter of 2011.

Focus on partners
The investment vehicle will pursue global opportunities with a primary focus on identifying investments among ECG’s network of over 250 international partners that are known to its management and shareholders and which operate in the energy and related energy services sector. The firm is targeting investments in small to medium-sized companies that are well managed, have solid track records and strong performance and growth potential.

Of particular interest to ECG are global companies currently generating a small percentage of their total revenue from the Middle East but which have strong near-term opportunities to significantly grow their Middle East revenues and where ECG’s unmatched regional expertise, network and strong shareholder base can help investee companies access a potentially large and lucrative pool of contracts.