Vesper Infrastructure has become the majority investor in EAG Bioenergy (EAGB), a bioenergy platform focused on anaerobic digestion biogas plants in the UK. The move marks Vesper's second investment, following RADx, and its first in the bioenergy sector. Together with OrbeNovo Capital, Vesper will help grow the platform through mergers and acquisitions (M&A), as well as expand biomethane and bioenergy development opportunities in the UK and Republic of Ireland.
EAGB, led by CEO Chris Kerr and CFO Neil Adair, focuses on aggregating operational biogas assets and developing new brownfield and greenfield biomethane projects. Its existing portfolio includes biogas plants in Northern Ireland and Shropshire, as well as projects for biomethane and biofertiliser production.
The collaboration provides EAGB with significant capital to accelerate its acquisition strategy and expand its capabilities. The company is actively seeking further M&A opportunities, aiming to contribute to national decarbonisation and energy security objectives.
Livio Fenati, managing partner & founder at Vesper Infrastructure Partners, said: “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.”
