Announced
Financials
Tags
Minority
Private Equity
Sweden
Renewable Energy Equipment
renewable energy
Pending
Friendly
Cross Border
Acquisition
Public
Synopsis
TrønderEnergi, an energy company, and HitecVision, a private equity firm, agreed to invest $30m in Scandinavian Biogas, a producer of biogas. "I am very pleased that through this capital raise we give Scandinavian Biogas good conditions for continued growth in Scandinavia and northern Europe. The deviation from the shareholders' pre-emptive rights is not a decision taken lightly, but the possibility to reach a time efficient solution under prevailing volatile market conditions with a substantial premium of around 62% was a strong reason. Now we can fully focus on continuing our growth journey and exploiting the future potential of biogas," Anders Bengtsson, Scandinavian Biogas Chairman.
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