Alantra advises the shareholders of ATH Bioenergy on the sale of a majority stake in its Canary Islands biomethane platform, to Suma Capital Infrastructure



Mar 2024
Sell-side advisory

Madrid – Alantra acted as exclusive financial advisor to the shareholders of ATH Bioenergy (“The developer”) on the sale of a majority stake in its Canary Islands biomethane platform, to Suma Capital Infrastructure, a Spanish Climate Impact Fund dedicated to supporting Energy Transition and Circular Economy.

The developer is a company focused on the development of energy transition-oriented assets globally which has developed an initial portfolio of four anaerobic digestion biomethane plants in the Canary Islands in Spain which intend to help decarbonizing the local hospitality (21% of the region’s GDP) and industrial sectors. The portfolio includes a total production capacity of c. 10,000 tons of bioCH4 per year and will be constructed by a leading European manufacturer of anaerobic digesters.

Suma Capital is a fund manager focused in developing and adapting the infrastructure need on de-carbonization, clean energies and efficiency of resources to mitigate climate change. The fund’s key investment criteria includes sustainable infrastructure projects or asset-backed companies in the field of energy transition and circular economy.

Manuel Fernández, Managing Director at Alantra, added: “This transaction is a significant milestone in the Spanish Renewable Gas industry, and represents a clear example of circular economy for the Canary Island hotel sector. The final structure allows the Company to partially monetize its initial development effort but remain involved on the growth of the platform along with a Tier I Impact Fund. It also represents an important credential for Alantra’s Energy Team within a very interesting sector with relevant expansion outlook in the coming years”.

Alantra’s Power and Infrastructure team led the process end to end and managed to reach a successful closing in a challenging market environment, proving its leading position as advisor in the European mid-market energy transition space.

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