Agrivert

For Agrivert we achieved both the largest debt funding facility and the highest equity valuation for AD in the UK having approached over 130 investors



Agrivert

• UK market leading owner-operator of Anaerobic Digestion (AD)
• Was looking to refinance current expensive debt and provide funding for two new plants
• Existing PE sponsor was looking for an exit
• Had failed to raise debt in 2014 with another advisor

Working with Agrivert from late 2014 through 2015 we

• Developed a robust debt and equity story supported by detailed financial models
• Placed a £63 million 17 year, fixed rate loan, that extended maturities at lower cost and funded the two new plants
• Advised on and arranged a concurrent £33 million change-of-control equity investment as part of a competitive M&A process

Alexander Maddan, Chief Executive of Agrivert commented: “Robin and his team worked tirelessly for over a year. They brought real creativity, intelligence and energy to get this transaction done in a difficult environment of negative news flow and retreating renewable subsidies. They achieved the leverage and the valuation that allowed us to raise highly competitive construction funding, strengthen our financing structure and provide an attractive exit for our private equity partner. AD is still a new technology for much of the financial markets but they successfully translated and explained our technology’s commercial and environmental benefits.”