Deloitte advised Macquarie Asset Management’s Green Investment Group (GIG) in the acquisition of BayWa r.e. Bioenergy GmbH (BayWa r.e. Bioenergy), a specialist biogas platform, from BayWa r.e. AG (BayWa r.e.).
About the transaction
A multi-disciplinary Deloitte team successfully advised GIG in their acquisition of BayWa r.e. Bioenergy from BayWa r.e. The team was led by David Krüger, Transaction Services partner, supported by Jan Verleysdonk and Muntazir Manek working together with an M&A Tax team led by Marcus Roth, Tobias Dell and Tim Ruetzel. Deloitte’s biogas track record, infrastructure fund expertise, integrated approach and focused execution strongly supported GIG in this transaction.
BayWa r.e. Bioenergy is a specialist biogas platform. Active across the full asset lifecycle, the business develops, constructs and operates biogas projects which provide biomethane and power to local energy companies, industrial companies and energy traders. Its existing portfolio comprises five operational plants in Germany and a pipeline of development projects located across Italy. The business’s current operational assets produce a total of approximately 140GWh of biomethane annually helping avoid 13.16 ktCO2e of GHG emissions every year.
The investment comes as the European Union looks to rapidly reduce its dependency on imported natural gas. REPowerEU targets the production of 35 billion cubic metres (roughly 350 TWh) of biomethane by 2030. Meeting this demand is expected to require the construction of 5,000 new biomethane plants across the EU and €80 billion in capital investment.
About Deloitte – Financial Advisory
As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to private equity firms and large and mid-market corporations globally. We offer financial advice and insight at every stage of a transaction – from consideration of the strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.