Leading food waste to renewable energy specialist Biogen has been acquired by Ancala Bioenergy Ltd for an undisclosed sum from joint venture shareholders Bedfordia Group and Kier Group.
Biogen’s seven anaerobic digestion plants recycle a quarter of a million tonnes of food waste annually from supermarkets, food manufacturers, the hospitality industry and local authorities to produce 13MW of renewable energy and a nutrient-rich biofertiliser.
Ancala Bioenergy Ltd is an infrastructure investment vehicle managed by Ancala Partners LLP, n independent infrastructure investment manager founded in 2010 The successful completion of the sale will mean further growth opportunities for Biogen and provide an established platform for Ancala’s expansion in the waste-to-energy sector.
Adam Feneley, Managing Director, Biogen, commented:
“The acquisition is another exciting milestone in Biogen’s history which further enhances the company’s reputation as the number one food waste to renewable energy company in the UK. The investment is excellent news for Biogen and marks the next stage of growth for the business. “
In April 2015 the infrastructure investor separately acquired Green Highland Renewables via its infrastructure investment vehicle Ancala Renewables.
Since acquiring the leading independent developer, owner and operator of hydro power plants in Scotland, GHR has significantly outperformed its operational and financial targets and seen a quadrupling in the size of its portfolio. Last month Ancala Partners announced that it had raised £51 million of debt facilities for Green Highland Hydro (GHH), the asset ownership vehicle for hydroelectric power assets developed by Green Highland Renewables.
In May 2016 Ancala also acquired a minority interest in Southern Water.
Commenting on the latest acquisition, Spence Clunie, Managing Partner, Ancala Partners LLP, said:
“Biogen is well known in the industry as one of the leading owners and operators of anaerobic digestion plants. The team has over ten years of experience in the sector and their operational excellence and commercial reach provide Ancala with an established platform from which to expand in the sector.”
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