Transaction year:
November 2013

Transaction type:
– Corporate Finance
– Private Equity
– International

Transaction sector:
– Cleantech, Energy and Sustainability

Tocardo, located in Den Oever, the Netherlands, focuses on the generation of energy from tidal flows. The technostarters investement fund E2 Cleantech participates in Tocardo.

Vondel Finance acted as Advisor of E2 cleantech and the other shareholders of Tocardo in the negotiations and contracts leading the issuance of shares to Repsol New Energy Ventures. Repsol New Energy Ventures is part of Repsol S.A., the Spanish Oil & Gas Company with operations in & ca. 29 countries (turnover ca. EUR 60 billion and net profit ca. EUR 2 billion).