<article>IFC-backed Dong Nai Plastics (DNP Corp) has raised $20 million from independent private equity firm <a href="http://dealstreetasia.com/tag/Olympus-Capital-Asia">Olympus Capital Asia </a>through a convertible bond offering.</article>

IFC-backed Dong Nai Plastics (DNP Corp) has raised $20 million from independent private equity firm <a href="http://dealstreetasia.com/tag/Olympus-Capital-Asia">Olympus Capital Asia </a>through a convertible bond offering.
The investment was made by Asia Environmental Partners (AEP), a $250-million fund managed by Olympus Capital Asia. The fund makes make equity and equity-related investments in renewable energy/environmental services companies in Asia.
Through its subsidiary DNP Water, DNP Corp aims to expand its portfolio of water treatment and supply facilities across Vietnam through the construction of new facilities and by the acquisition of privatized water supply companies.
The capital raised will be used to enhance clean water access for households by supporting the growth of the company and reducing its debt.
Last year, DNP Water raised $24.9 million from International Finance Corporation (IFC), a member of the World Bank Group, to support clean water supply for urban households in Vietnam.
DNP Corp is an investment holding company focusing on two strategic business lines &#8211; clean water and durable multi-use plastics.
In the water business, DNP Water owns and operates clean water supply companies in Vietnam. It currently has an operational presence in 12 provinces and cities through 17 subsidiaries and affiliates.
Olympus Capital Asia is an independent private investment firm that has been investing in middle-market companies across Asia for over 20 years. Founded in 1997, it has invested more than $2.5 billion in private equity and private debt capital on behalf of its funds and co-investors in over 65 portfolio companies throughout Asia, including India, China, Southeast Asia, South Korea and Japan.
The firm established AEP in 2008 to target the fast-growing renewable energy and environmental sectors in Asia with a focus on investments that support the principles of sustainable development.
To date, AEP has made 15 investments in the renewable energy and environmental sectors including hydropower, wind power, water treatment, waste-to-energy and sustainability products and services.
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IFC-backed Dong Nai Plastics (DNP Corp) has raised $20 million from independent private equity firm Olympus Capital Asia through a convertible bond offering.

PE firm Olympus Capital invests $20m in Vietnam plastics firm

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PE firm Olympus Capital invests $20m in Vietnam plastics firm

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