Investor Due Diligence
23rd July 2012
DWPF acted as financial adviser to Iona Capital on its £6m investment in the Biogen GwyriAD Ltd SPV.
The investment follows the award of a 15 year food waste contract by Gwynedd Council, the first under the Welsh Government’s sponsored organic waste programme to reach financial close.
The project sponsor, BiogenGreenfinch will construct and operate a new 11,000 tonne per annum Anaerobic Digestion (“AD”) plant at Llwyn Isaf, Gwynedd, to process the food waste supplied by the Council from local households and businesses, together with additional third party food waste.