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South African PE Metier strikes seventh bet from sustainability-focused fund

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South African PE Metier strikes seventh bet from sustainability-focused fund
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South African private equity firm, Metier, has made its seventh investment from its renewable energy and sustainability-focused fund. The firm has backed Mertech Marine, a company that recycles out-of-service submarine telecommunications cables. Metier Sustainable Capital Fund II, which has a focus on renewable energy, energy efficiency, resource-efficient infrastructure, and waste management, deployed the funds. Mertech Marine is the world's only turnkey provider of recovery and recycling capabilities for submarine cables and has processed over 105,000 km of cable to date. Metier has also made investments in other renewable energy and clean technology companies with the fund.

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