Palisade Real Assets is buying UK-based renewable energy asset manager and developer Eco2 Management Services Limited (EMSL) for an undisclosed sum.
The mid-market infrastructure investor said the acquisition accelerates its energy transition investment plan in Europe and will “underpin a dedicated bioenergy platform focused on anaerobic digestion assets and adjacent infrastructure”.
The bioenergy platform will own and operate anaerobic digestion assets that capture and convert energy from organic waste into efficient heat, electricity and transport solutions.
It will aggregate bioenergy infrastructure assets – in what is currently a fragmented sector – to build a bioenergy enterprise, the company said.
Embedding the asset management and development capability of the EMSL team into the Palisade Real Assets investment team will “help drive high-quality deal flow, enable operational value creation on complex assets that have multiple value propositions and ultimately deliver better investment returns for investors”, said Stephen Burns, the CEO of Palisade Real Assets.
Burns said the company has identified a “significant pipeline” of investment opportunities across the anaerobic digestion value chain, with the first major transaction for the bioenergy platform expected to be completed in the coming weeks.
Combined, the team will bring extensive real asset investment and operating experience across geographies and technologies to investors in the bioenergy platform, said Darren Williams, the CEO of EMSL.
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