JLEN’s Majority Stake Acquisition In Bio Collectors Holdings Limited

Osborne Clarke has advised JLEN, the listed environmental infrastructure fund, on its acquisition of a 70% equity stake in Bio Collectors Holdings Limited.

BCH, through its subsidiary companies holds the rights and operational assets that make up the anaerobic digestion (“AD”) plant and the Bio Collectors waste collections business. The group of companies are based in Merton, London.

The AD plant was commissioned in December 2013 and has subsequently been expanded through several phases. The plant has a current thermal capacity of c.10MWth, a waste processing capacity of up to 100,000tpa and predominantly produces biomethane to be injected to the national gas grid. In addition, the plant has 1.7MWe of capacity through two CHP engines and is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT) schemes. The Bio Collectors waste collections business collects source-separated and packaged food waste for the AD plant from a variety of commercial, industrial and local authorities located in and around Greater London utilising an increasing biogas-powered fleet.

The 70% stake in BCH has been acquired from private individuals, with the residual 30% retained by the existing owner who will remain active in the business going forward.

This acquisition represents JLEN’s first acquisition into food waste fuelled anaerobic digestion, further diversifying its portfolio and increasing the total capacity of renewable energy assets in the JLEN investment portfolio to 297.9MW.

The Osborne Clarke team was led by corporate Partner Adam Love (Picture) and projects Partner James Watson, who were supported by Associate Director Alex Underwood, Senior Associate Will Carlyle and Associate Sarah Mitchell. The broader Osborne Clarke team consisted of Partner Erika Jupe and Associate Emily Clarke (tax), Partner Carl Thompson and Senior Associate Jonathan Culley (construction), Partner Matthew Germain and Senior Associate Caroline Bush (environment), Associate Director John Webster (planning), Associate Director Charlotte Walker and Associate Charlotte Guest (real estate), Senior Associate Lara Flynn (employment) and Matthew Kyle (regulatory health and safety).

Involved fees earner: Caroline Bush – Osborne Clarke; Will Carlyle – Osborne Clarke; Emily Clarke – Osborne Clarke; Jonathan Culley – Osborne Clarke; Lara Flynn – Osborne Clarke; Matthew Germain – Osborne Clarke; Charlotte Guest – Osborne Clarke; Erika Jupe – Osborne Clarke; Matthew Kyle – Osborne Clarke; Adam Love – Osborne Clarke; Sarah Mitchell – Osborne Clarke; Carl Thompson – Osborne Clarke; Alex Underwood – Osborne Clarke; Charlotte Walker – Osborne Clarke; James Watson – Osborne Clarke; John Webster – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: JLEN Environmental Assets Group Ltd;

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