Equitix and Helios Energy Investments (Helios) announced that Equitix has become the 100% shareholder in Bio Capital, following the successful acquisition of Helios’ interests in the Company.
The transaction marks the evolution of a successful partnership between two leading infrastructure and energy investors who jointly developed the business.
Bio Capital is a UK market leader in anaerobic digestion (AD) with a portfolio of plants across the UK.
It recycles half a million tonnes of food waste which, combined with its generation of green energy, avoids up to 360,000 tons of CO2 annually, according to the company.
With accredited capacity to generate over 900GWhth of biogas each year, Bio Capital is a growing enabler in the decarbonisation of the natural gas grid network and displacement of fossil fuel usage in the transport sector.
Since 2018, Equitix and Helios have shared equal ownership of Bio Capital, combining their complementary expertise to transform the business.
Together, they have driven the strategic acquisitions of brownfield operational and turnaround plants, as well as gas grid infrastructure.
Bio Capital currently has a national network of nine plants located at sites in Scotland, Northern Ireland, Northeast England, East Anglia, and London.
The company aims to continue its growth trajectory, with an immediately actionable pipeline of bilateral acquisition opportunities, internal growth initiatives (capacity expansion and CO2 recovery), and the development of offtake relationships with corporate and industrial partners.
Equitix CEO, Hugh Crossley, said: “We are delighted with this additional investment into Bio Capital, a business which we have supported from inception, and will now steward as the sole shareholder in the next chapter of its growth. Leveraging our decade-long experience in the Environmental Services sector, and with almost £2 billion in AUM invested, we are firmly committed to supporting decarbonisation of the UK power and gas network.”
Helios’ founding Managing Partner, Erez Gissin, said: “This investment is just onepart of Helios’ broader waste management portfolio across the UK and Europe. While this marks a successful exit for us, we remain strongly committed to this sector and continue to seek new investment opportunities in sustainable waste-to-energy businesses. We are confident that Bio Capital will continue to thrive under Equitix’s ownership and wish them continued success.”
CIBC Capital Markets acted as financial adviser to Helios and Hogan Lovells International LLP acted as their legal adviser.
Equitix buys out Helios to become Bio Capital’s 100% shareholder
