Vesper Infrastructure Partners, advised by Freeths, has become the majority investor in EAG Bioenergy, marking a significant step in sustainable infrastructure investments.
- Freeths, a national law firm, facilitated the partnership between Vesper Infrastructure Partners and OrbeNovo Capital, enhancing Vesper’s stake in bioenergy.
- EAG Bioenergy will boost its capabilities in providing renewable energy across the UK and Ireland, supported by this investment.
- The transaction involved collaboration with Herbert Smith Freehills and Arthur Cox, ensuring thorough due diligence and regional advice.
- Clare King of Freeths expressed satisfaction in supporting the investment and anticipates future growth for EAG.
Vesper Infrastructure Partners, with the guidance of the national law firm Freeths, has successfully acquired a majority stake in EAG Bioenergy, which underscores a substantial milestone in the pursuit of sustainable and decarbonised infrastructure projects. EAG Bioenergy, active in the development and operation of bioenergy initiatives, plays a pivotal role in supplying biogas and biomethane to the energy grid, thus generating renewable heat, electricity, and gas for both domestic and commercial sectors.
Founded in 2022 and based in Milan, Vesper Infrastructure Partners has established itself as an independent entity specialising in advisory and investment within the realm of sustainable infrastructure. This recent partnership with OrbeNovo Capital augments Vesper’s investment portfolio, positioning it strategically within the renewable energy sector.
The investment is poised to significantly enhance EAG Bioenergy’s operational capabilities, paving the way for its expansion through mergers, acquisitions, and organic growth across the UK and Ireland. This development marks a proactive approach in expanding the availability of renewable energy solutions.
The transaction was managed collaboratively with Herbert Smith Freehills, and involved the esteemed legal advice from the team at Arthur Cox, particularly for matters pertaining to Northern Ireland. This alliance ensured an exhaustive due diligence process was carried out, underpinning the transaction’s integrity and comprehensive legal compliance.
Leading the charge from Freeths was Clare King, Partner and Head of Clean Energy, with support from a dedicated team including Senior Associate Reece Ballett and Partner Ben Derrington, amongst others. Arthur Cox’s involvement was headed by Alastair Todd, who brought valuable real estate expertise to the table. Clare King conveyed her enthusiasm regarding the collaboration, stating, “We’re delighted to have supported Vesper in this investment and look forward to seeing EAG’s continued growth.” The concerted efforts of all teams involved speak to a promising horizon for both Vesper and EAG Bioenergy.
This strategic investment bolsters EAG Bioenergy’s position in the renewable energy sector, heralding new growth opportunities.