Vesper Infrastructure becomes majority investor in EAG Bioenergy

Vesper Infrastructure has become the majority investor in EAG Bioenergy, a bioenergy platform with existing anaerobic digestion biogas plants in the UK.

Vesper Infrastructure will work with OrbeNovo Capital in growing the platform by converting an M&A pipeline, and biomethane expansion and development opportunities in the UK and Republic of Ireland.

Joining existing founding investor OrbeNovo Capital and EAG Bioenergy’s (EAGB) senior management team led by CEO, Chris Kerr and CFO, Neil Adair, Vesper Infrastructure has become the majority shareholder in EAGB and provides a material capital commitment to fund the Company’s growth plan.

EAGB is a bioenergy platform company aggregating biogas, biomethane and other bioenergy-related projects across the UK and Republic of Ireland.

EAGB’s initial focus is on aggregating operational biogas assets around geographic clusters and deploying capital into further brown- and greenfield development biomethane projects.

The Company’s portfolio consists of operational anaerobic digestion biogas plants located in the UK (Northern Ireland and Shropshire), as well as biomethane and biofertiliser production development projects.

EAGB is scaling its operating capabilities, and its mission is to drive growth in the UK and Irish bioenergy sector, delivering a material positive impact on national decarbonisation and energy security objectives.

EAGB is actively evaluating other M&A and organic growth opportunities and is open to engaging with stakeholders about growth projects across the bioenergy sector.

Livio Fenati, managing partner & founder at Vesper Infrastructure Partners, says: “We are pleased to be backing EAGB and continue supporting the company’s momentum in the identification and acquisition of quality bioenergy assets, and further expansion through the energy value chain.

“This is Vesper Infrastructure’s second investment after RADx and first in the bioenergy and circular economy space. EAGB is strongly aligned with Vesper’s thematic investment approach and value-add strategy, targeting opportunities that offer attractive “build-to-core” potential”.

Chris Kerr, CEO at EAG Bioenergy, said: ‘’This new collaboration with Vesper Infrastructure is a game-changer for EAGB; the level of new investment capital now available will significantly expand our ability to identify, assess and execute multiple acquisitions over the next few years.

There are several exciting acquisitions already in the legal process, and thanks to Vesper, we can now demonstrate to the market that we can transact with sellers in a decisive and well-funded manner.

“We are also now building out the asset management team to support this imminent growth so the next two years promises to be a very exciting period of growth for all concerned.”