Catalyst Investment Management Company recently announced its strategic investment in Millennium Energy Industries, an emerging solar and water technology product company. With clients across the region including Saudi Arabia and Jordan; and exclusive international partnerships with leading technology partners, Catalyst and Millennium management are planning an aggressive regional expansion that includes a solid pipeline of proprietary and practical energy solutions.
The first of its kind in the region, Millennium Energy Industries is both a “developer” of technologies in the region’s strategic sectors of Energy and Water, as well as a solution provider with over five years of operating history and established references in the region.
Ennis Rimawi, Managing Partner of Catalyst commented, “The combination of Millennium’s credentials, management, innovation, with Catalyst’s partnerships, management support, and financial support will result in a very unique success story in the region, in an area that is strategic for the MENA region – Energy and Water.”
Dr. Ayman Maaitah, Millennium Energy Industries CEO states, ‘Everyone talks about building sustainable knowledge based industries and economies, we are focused on doing it in the areas where the region has a competitive advantage globally. Catalyst’s investment approach and hands-on support will help us build a regional force in alternative energy technology development.”
Catalyst provides equity investment and management support to Energy and Water sector oriented companies in the MENA region. Catalyst investors include a set of diverse and strategic groups from the GCC, Levant, and North Africa. Catalyst also has special partnerships with and support from leading industrials in the oil/gas and water sectors. Catalyst has also taken a fresh new approach to investment in the region, focusing on early stage but proven companies, and supporting their growth through the Catalyst network and the specialized Management Team with regional and international technology, manufacturing, oil/gas sector, water sector, and investment backgrounds.
Robin McGowan, Catalyst’s Energy Partner notes, "The market growth and our specialized approach have allowed us to source more opportunities than expected, and will subsequently allow us to create significant value for our portfolio, partners, and investors, Millennium is an example of a company and leadership with great potential.”
Catalyst expects to finalize two to three more investments in the next three months based on its current short-list of partnership opportunities. Catalyst is currently privately held, but planning a public listing in the future.
