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Acquisition marks the “next stage of growth for the business”
The Ancala Bioenergy investment firm has acquired a leading operator of anaerobic digestion (AD) plants in the UK, Biogen, for an undisclosed sum.
The deal was made between Ancala and Biogen’s former joint-owners, Bedfordia Group and Kier Group.
Biogen currently operates seven plants across the UK and makes a major contribution to the UK’s commitment to renewable energy and reducing waste sent to landfill.
The firm’s plants produce enough energy to power 25,000 homes and recycle around a quarter of a million tonnes of waste each year.
The investment fund was established in February 2016 and currently manages an £800 million portfolio.
Bioenergy’s investment team has bought Ancala an established platform to expand into the waste-to-energy sector.
Speaking on behalf of the Bedfordia Group, chairman John Ibbett said “Biogen has always led the way in the industry” and he “had every confidence that the new shareholders will enable Biogen to continue in its success”.
The managing director of Biogen, Adam Feneley, said it “marks the next stage of growth for the business”.
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