John McElroy
Opus Corporate Finance
Future Biogas
Deal Type
Acquisition
Sector
Energy & Sustainability
Completion Date
1st September 2024
Deal Value
£68m
Company Background
Future Biogas is a UK-based company that develops and operates anaerobic digestion (AD) plants to produce biogas, a renewable energy source.
What they do
Future Biogas uses AD to convert organic waste and energy crops into biogas, which can be used to generate electricity or upgraded into biomethane for injection into the national gas network.
Deal Summary
Opus Corporate Finance LLP is pleased to have advised Future Biogas, one of the largest anaerobic digestion (“AD”) plant developers and biogas producers in the UK, on its acquisition of a 51% stake in a portfolio of six operational gas-to-grid AD facilities, with a combined gas output of 333GWh, from JLEN Environmental Assets Group Limited (“JLEN”) for £68.1 million. £30 million will be funded by 3i Infrastructure, with the balance funded by Future Biogas from committed debt facilities.
Value Added
As the majority owner, Future Biogas will now have the opportunity to implement investment-led enhancements that the management team has already identified.
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