Ancala Partners’ Biogen grows anaerobic digestion platform with acquisition of Tamar Energy
Second acquisition made by Ancala’s anaerobic digestion portfolio company, Biogen
Biogen, a portfolio company of Ancala Partners LLP (‘Ancala’), the independent mid-market infrastructure investment manager, has acquired Tamar Energy, one of the largest anaerobic digestion (“AD”) owners and operators in the UK, for an undisclosed sum. A number of Tamar Energy’s existing shareholders have rolled-over their investment into the combined group. The acquisition creates one of the largest independent AD platforms in the UK.
The combined group operates a network of thirteen AD plants and six composting sites located across England, Scotland and Wales that provide cost-effective, low carbon, food and organic waste management solutions. Working with supermarkets, the hospitality industry, food manufacturers and local authorities across the UK, the AD sites recycle almost half a million tonnes of waste each year and provide green electricity generation of 25MW.
Spence Clunie, Managing Partner, Ancala Partners LLP, commented:
“Acquiring Tamar Energy represents an opportunity for us to grow our platform and create one of the largest AD operators in the UK. The combination enables us to improve our service to all stakeholders, including customers and local communities.”
Adam Feneley, Managing Director, Biogen, commented:
“The acquisition of Tamar Energy represents a significant opportunity to create a best-in-class anaerobic digestion business. With the support of Ancala, I look forward to a future of continued growth and investment in the Biogen platform. I firmly believe that this acquisition will provide all customers and stakeholders with an enhanced service.”
Magnus Goodlad, Chairman, Tamar Energy, commented:
“We believe that there is a strong strategic fit between Biogen and Tamar which will enable the enlarged group to deliver significant benefits for existing clients and stakeholders.”
For more information, see the website: www.ancala.com or contact:
Ancala Partners LLP
Spence Clunie, Managing Partner
Tel: +44 (0) 203 440 3516
Ankur Ajmera, Vice President
Tel: +44 (0) 203 440 3886
Adam Feneley, Managing Director
Tel: +44 (0) 123 482 7283
Notes to Editors
About Ancala Partners
Ancala Partners is an independent infrastructure investment manager founded in 2010.
Ancala launched its Mid-Market Infrastructure Platform in 2015 to meet the requirements of long-term investors looking for enhanced returns from core mid-market infrastructure investments. Ancala now has over €950 million in funds under management.
Ancala is based at 40 Gracechurch Street, London EC3V 0BT.
Biogen was established in 2005 and completed its first anaerobic digestion plant in Bedfordshire in 2006. The company’s thirteen anaerobic digestion plants recycle almost half of a million tonnes of food waste each year. The portfolio also includes six organic composting sites.
Biogen’s own environmental experts worked with the British Standards Institute (BSI), The Waste and Resources Action Programme (WRAP) and the Renewable Energy Association (REA) to develop the national specification BSI PAS110 for bio-fertiliser produced from anaerobic digestion.
Biogen is the recipient of several industry awards and was named ‘Recycling Business of the Year’ at the 2016 Awards for Excellence in Recycling & Waste Management. Biogen’s head office is located at Milton Ernest, Bedfordshire.