Stevens & Bolton’s mid-market M&A team has advised the principal shareholders of Future Biogas on the company’s sale to 3i Infrastructure plc, a UK-listed investment company which is owned and managed by 3i Group plc and specialises in responsible, long-term investments in infrastructure.
Future Biogas is the largest producer of biomethane in the UK, and currently operates 11 anaerobic digestion plants across the UK, converting a wide range of feedstocks into clean and renewable energy.
As well as facilitating the expansion of its existing business, the acquisition by 3i represents a substantial investment into the business which will take forward Future Biogas’ wider plans for contributing to decarbonisation and reduction of greenhouse gas emissions.
Future Biogas founder and CEO Philipp Lukas commented: “We have been working with S&B for about a decade. They were the obvious choice to advise shareholders and management on this exciting development. Richard, Kate and the team provided the usual thoughtful and eminently practical advice and helped guide the transaction to a very successful conclusion in a tight timeline. We really look forward to working with them on the next deals!.”
Richard Baxter, corporate partner at Stevens & Bolton said: “Having worked with Philipp and the Future Biogas team for many years, we were delighted to help them to deliver this excellent result for all shareholders. We wish the Future Biogas and 3i Infrastructure teams every success together.”
The Stevens & Bolton team was led by Richard Baxter and corporate tax partner Kate Schmit, with support from Francesca Messina, Rebecca Hunt and Edward Cummings.