Investor Due Dilgence
31st October 2012
DWPF provided financial advice and modelling support to Iona Capital on its investment in Biogen’s Waen AD plant in North Wales.
Iona are providing an equity and subordinated debt package to the project to help fund the construction of a 22,500 tonne capacity plant located at Waen, St Asaph, in the county of Denbighshire.
BiogenGreenfinch were selected as the preferred bidder on the project in April 2012 – the second food waste contract they have won under the Welsh Government’s food waste programme.
The project reached financial close on 31st October 2012.