JLEN to acquire a 70% stake in Bio Collectors Holdings.

JLEN, the listed environmental infrastructure fund, agreed to acquire a 70% stake in Bio Collectors Holdings, which holds the rights and operational assets that make up the anaerobic digestion plant and the Bio Collectors waste collections business. Financial terms were not disclosed. "We are pleased with JLEN's latest investment, which presents a diversification within the anaerobic digestion sector. This acquisition of a food waste fed AD plant in London, bridges two sub sectors of JLEN's existing portfolio, leveraging experience of the agricultural AD assets and the waste processing assets. The production of biogas to inject into the national grid and also to power its own fleet of collection vehicles, underlines the importance that assets such as these play in the UK's ambition to decarbonise its energy supply. We also value the opportunity to continue to work with the existing private shareholder to drive further value in the investment in future years," Richard Morse, JLEN Chairman.