John Laing Environmental Assets Group (UK) Limited (JLEN), the listed environmental infrastructure fund, announced on 13 December 2019 its acquisition of a 70% equity stake in Bio Collectors Holdings Limited ("BCH").
Kinetix Corporate Finance was the exclusive financial adviser to the private sellers of BCH and to the transaction.
BCH's anaerobic digestion (AD) plant has a current thermal capacity of c.10MWth, a waste processing capacity of up to 100,000 tonnes per annum and predominantly produces biomethane which is injected into the national gas grid.
In addition, the plant has 1.7MWe of capacity through two CHP engines and is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT) schemes.
Bio Collectors collects commercial and municipal food waste in and around London and operates one of the largest AD and Gas to Grid plants in the UK.
KCF Partner Rob McGrigor commented, "We are delighted to have had the opportunity to advise the sellers of Bio Collectors in this transaction, a Company closely aligned with Kinetix’s core sustainability criteria."
About Us: Kinetix Corporate Finance support businesses delivering growth through sustainability and technology innovation. It provides strategic advice, M&A support, business planning, valuations and fund raising services.
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