Canadian Biomass Magazine

New financing source available for biogas

October 8, 2013
By Scott Jamieson

October 8, 2013, Burlington, ON - New investment will allow Anaergia Inc. to expand activities in the waste-to-gas renewable energy sector.

The company has closed a Non-Brokered Private Placement
with new investors. These investors include Macquarie Capital, Tandem Expansion Fund, Export
Development Canada (EDC), and Global H2O Investments. 
They committed to invest a total of C$47.5 million in new equity.
Anaergia plans to use this funding to develop projects and provide
solutions that assist waste producers by converting organic waste
streams into valuable resources.

Anaergia's chairman and chief technology officer, Dr. Andrew Benedek
said, "This new capital enables Anaergia to take advantage of growth
opportunities as the global leader in converting organic waste streams
into renewable energy, fertilizer and clean water. With this
investment, a larger group of customers, partners and stakeholders will
benefit from Anaergia's compelling environmental and economic value
proposition."

Anaergia's CEO, Steve Watzeck said, "We are proud to have the support of
these strategic and globally respected partners who share the Anaergia
vision and values.  Each partner brings unique and synergistic
expertise across project finance, international networks and deploying
advanced technologies which will help further accelerate our growth as
the definitive organic waste to resource solutions leader globally." 

In connection with this transaction Macquarie Capital's Duncan Murdoch
and Tandem's David Bookbinder joined Anaergia's board of directors.
EDC's Eugene Siklos was granted board observer status.

Advertisement

"Anaergia's successful track record of operational energy projects,
sizeable and growing base of customers across the globe, excellent
management team and portfolio of proprietary technologies position the
company at the forefront of the waste to resources industry," said
Duncan Murdoch, senior managing director, Macquarie Capital. "We are
excited to support Anaergia's continued growth in this sector." 

"Anaergia is a uniquely situated Canadian technology company solving big
world problems with differentiated solutions and a global footprint,"
noted David Bookbinder, managing partner at Tandem Expansion. "Backing
a world-class team that combines deep experiences from ZENON, GE and
HDR Engineering with a successful entrepreneurial track record is an
exciting opportunity for Tandem."

About Anaergia
Anaergia Inc. is the global technology leader in the recovery of value
from organic waste streams. Through a proven portfolio of proprietary
technological solutions around a core of anaerobic digestion, Anaergia
lowers the cost of wastewater treatment and waste disposal across the
municipal, industrial, commercial and agricultural sectors. Anaergia's
headquarters are in Burlington, Ontario in Canada and it offers
regional services through 14 offices located in Europe, North America
and Asia. Anaergia subsidiaries and affiliates include UTS
Biogastechnik in Europe and Pharmer Engineering as well as The Stover
Group in the United States. Anaergia's core technologies are in use at
over 1,600 biogas anaerobic digestion plants worldwide.

About Macquarie Capital
As part of Macquarie Group, a global provider of banking, financial,
advisory, investment and funds management services, Macquarie Capital
engages in advisory and capital-raising services, and principal
investing to corporate, financial sponsor and government clients
involved in M&A, debt and equity fund raising, corporate restructuring,
project finance and Public Private Partnerships.

About Tandem
Tandem Expansion Fund is a growth equity investor in Canadian technology
businesses. Tandem is committed to helping Canadian companies and their
management team to reach their full potential. Beyond capital, the
Tandem team contributes its experience in building companies, its
relationships and its proven ability to create value. Tandem values
integrity, trust, openness and long-term relationships.

About EDC
Export Development Canada is Canada's export credit agency, offering
innovative commercial solutions to help Canadian exporters and
investors expand their international business. EDC's knowledge and
partnerships are used by more than 7,400 Canadian companies and their
global customers in up to 200 markets worldwide each year. EDC is
financially self-sustaining and a recognized leader in financial
reporting and economic analysis. 

About Global H2O
Global H2O Investments provides capital for developing new or acquiring
existing water, wastewater and "waste-to-value" infrastructure assets
in North America, the Caribbean and South America.  The Company also
provides capital for direct investments in wastewater and waste
management companies that focus on renewable energy and by-product
recovery business models. The Company's headquarters are located in
Houston, TX and has offices in San Diego, CA and Baja Sur, Mexico.


Print this page

Advertisement

Stories continue below


Related