JLEN Environmental Assets Group Limited (JLEN), the listed environmental infrastructure fund, completed on 1 December 2023 its acquisition of the remaining 30% equity stake in Bio Collectors Holdings Limited ("BCH"), following its acquisition of 70% in December 2019.
Disposal: Sale of residual 30% share of Bio Collectors to JLEN
Kinetix Corporate Finance was the exclusive financial adviser to the private seller 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.
Kinetix Partner Rob McGrigor commented, "We are proud to have been associated with Bio Collectors over the last five years and in this final stage of its disposal to JLEN. Bio Collectors sits at the centre of our CleanTech franchise as one of the UK’s largest single AD and biogas plants, taking in London’s food waste and converting that into natural gas pumped directly into the gas grid."
Bio-Collectors owner, Paul Killoughery, commented, “Following on from their excellent strategic and commercial advice in the sale of 70% of the company in 2019, I did not hesitate to use Kinetix again in the negotiation of the sale of the remaining 30%. They proved their worth yet again with solid and value-added advice”
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 fundraising services..
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