Opus, in collaboration with Mergers Alliance partner OXEYE HJW, successfully advised WAI Global on its acquisition of Pos Service Holland (PSH) from Nordian Capital Partners. Headquartered in the Netherlands, PSH is a leading provider of high-quality rotating electrical solutions, serving the automotive, truck, agricultural, shipping, and industrial sectors across Europe.
This transaction builds on Opus’s strong relationship with WAI Global, following our advice on the acquisition of a UK business in 2012. By leveraging our deep sector expertise and close partnership with OXEYE HJW, we delivered a seamless and successful outcome, further strengthening WAI Global’s growth strategy and market leadership in Europe.
For further information, please contact: Nigel McNelly and Tom Rahman.
Opus is delighted to have advised the shareholders of In2Care, a developer of novel mosquito control products, on its sale to Envu.
In2Care has developed a patented technology called InsecTech®. Applied on netting, the long-lasting static-charged coating can bind all types of biocide powders and transfer lethal doses to mosquitoes. This technology is currently available in a professional mosquito station that thousands of pest control operators are already leveraging in the U.S. to control mosquitoes for homeowner customers.
We are very excited to see the development of the partnership between In2Care and Envu as they work to advance healthy environments by preventing the spread of vector-borne diseases. The transaction is expected to close by the year-end 2024.
Opus previously advised Cinven on their acquisition of Envu, previously Bayer Environmental Sciences, in 2022.
For further information please contact: Dr Chris Carlisle, Daniel Barley
Opus is pleased to have advised Future Biogas, one of the largest anaerobic digestion (“AD”) plant developers and biogas producers in the UK, on its acquisition of a 51% stake in a portfolio of six operational gas-to-grid AD facilities, with a combined gas output of 333GWh, from JLEN Environmental Assets Group Limited (“JLEN”) for £68.1 million. £30 million will be funded by 3i Infrastructure, with the balance funded by Future Biogas from committed debt facilities.
Future Biogas is well-acquainted with these assets, having originally developed five of the six plants and operated each for an average of eight years. As the majority owner, Future Biogas will now have the opportunity to implement investment-led enhancements that the management team has already identified. Since 3i Infrastructure’s investment in Future Biogas in 2023, the company has successfully transitioned from a third-party plant operator to an asset owner and developer, with a pipeline of new sites totalling 1.3TWh.
The transaction adds to the strong track record of Opus’ Energy Transition & Climate Change sector practice in relation to Biogas and CCS, following its advice on the sale of Future Biogas to 3i Infrastructure plc last year.
This represents another market leading transaction and a further example of Opus’ expertise relating to the energy transition. For further information please contact: John McElroy, Richard Morse and Dilesh Patel.
Opus is pleased to have advised Rendesco, the leading clean heat network developer and owner-operator, on its £6m equity investment from Clean Growth Fund, Eurazeo’s Smart City fund and Aviva Ventures.
Rendesco works with many of the UK’s leading property developers to design and install low-carbon and low-cost ground source heat networks. The funding will enable Rendesco to rapidly expand its operations and further develop its solutions in the UK and European energy markets.
The transaction adds to the strong track record of Opus’ Energy Transition & Climate Change sector practice in relation to decarbonising heat and domestic energy efficiency, following its advice on the sale of district heating developer and contractor Pinnacle Power (now Hemiko) to DIF Capital Partners last year.
For further information please contact: Stuart Schofield and Dilesh Patel.
Opus is pleased to have advised Sonaura, a pioneering provider of renewable energy solutions for industrial power users, on securing a strategic growth investment from Eurazeo’s Smart City Fund. This partnership supports Sonaura’s mission to deliver resilient, cost-effective, and 100% renewable energy across Europe.
Sonaura’s turnkey offsite private wire solutions offer industrial power users a reliable source of green energy with long-term price stability, enhancing energy resilience while meeting rising sustainability demands. This new funding will enable Sonaura to accelerate its expansion, delivering transformative energy solutions that reduce both operational costs and carbon emissions for industrial clients across Europe.
This transaction reinforces Opus’ strong track record in the Energy Transition & Climate Change sector, demonstrating our commitment to driving decarbonisation and enhancing energy efficiency across industries. We’re proud to have supported Sonaura in securing this impactful investment, advancing the future of sustainable energy.
For further information, please contact John McElroy and Tom Rahman.
Ed Pateman-Jones, CEO and Founder of Sonaura, said:
“The Opus team were great to work with, helping us every step of the way turning our business plan into reality, backed by a high-quality investor in Eurazeo.”
Opus is pleased to have advised the shareholders of Pinnacle Power Limited on its sale to independent infrastructure fund manager DIF Capital Partners.
Pinnacle Power is a leading developer and turnkey contractor in the UK district heating market, and has delivered over 100 projects since its inception in 2012. District heating networks link industrial and commercial heat sources with nearby customers, providing a cost-effective, low-carbon alternative to traditional gas boilers in urban locations.
The acquisition by DIF will accelerate and fund Pinnacle Power’s development and ownership of district heating networks across the UK.
This is a landmark deal in the UK district heating sector and a further example of the strength of Opus’ Energy Transition & Climate Change practice.
For further information please contact: Stuart Schofield, John McElroy and Dilesh Patel.
Opus is pleased to have advised the shareholders of Levelise Limited on its sale to BU-UK Infrastructure Group, a leading independent provider of multi-utility networks in the UK, serving over 1 million homes, and owned by Canadian infrastructure investor Brookfield.
Levelise offers a home energy management system that controls high numbers of domestic solar and battery systems through a suite of advanced, proprietary, algorithmic software. Levelise’s technology platform coordinates the actions of these battery systems to provide ancillary services to the National Grid as well as to act in electricity wholesale markets, reducing their customers’ energy bills.
The acquisition by BU-UK will allow Levelise to scale up its technology offering and explore opportunities to develop multi asset smart systems for homeowners and housebuilders.
The transaction is another example of Opus’s leadership in the Energy Transition & Climate Change market where it has advised on several recent software deals including raising equity funds for Piclo, a flexibility services marketplace, and the sale of Irish energy management software firm Wattics.
For further information please contact: John McElroy, Stuart Schofield and Tom Rahman.
Opus is pleased to have advised Piclo on its Series B fundraise. The funding round was co-led by Future Energy Ventures and Clean Growth Fund, with follower investors comprising Green Angel Syndicate (existing investor) and new investors Toshiba Energy Systems & Solutions, Sustainable Future Ventures and Japan Energy Fund.
Piclo Flex, the world’s largest flexibility marketplace, enables system operators to procure, dispatch and settle local flexibility services from flexibility service providers, such as EVs and batteries, to balance the grid during periods of constraint thus enabling smarter, more flexible and more sustainable energy networks. The flexibility solutions provided by Piclo’s marketplace platform will help deliver increased energy security at a lower cost and will play a crucial role more broadly in the decarbonisation of the energy system.
The funding round will enable Piclo to further strengthen its market-leading position in the UK and Europe and to grow its international presence in the US and APAC, as well as supporting the rapidly growing team and continued product development.
The transaction adds to the strong track record of Opus’ energy transition and climate change sector practice, and is Opus’ 5th energy software transaction in the last two years.
For further information please contact: Stuart Schofield, Thalia Ilsen Nunn and Daniel Barley.
Opus is delighted to have advised the shareholders of Future Biogas on its £28m sale to 3i Infrastructure plc (LSE: 3IN), a £3bn infrastructure investment company listed on the London Stock Exchange and managed by 3i Group plc.
Future Biogas is the largest producer of biomethane in the UK and a highly experienced developer and operator of AD plants. The company has developed 12 such plants and currently manages 11 across the UK for third party owners. Future Biogas provides full-service capabilities including construction, ongoing compliance, and asset management. The plants convert a wide range of feedstocks into clean and renewable energy through a process of anaerobic digestion producing biogas which is further upgraded into biomethane and directly injected into the UK’s national gas network.
The acquisition will include additional growth capital to allow Future Biogas to build a substantial fleet of unsubsidised biogas plants with carbon capture and storage capability.
This represents another market leading transaction and a further example of Opus’ expertise relating to the energy transition. For further information please contact: John McElroy, Stuart Schofield and Dilesh Patel.
Opus is pleased to have advised Eelpower in connection with its new partnership with Renewable Power Capital, a pan-European renewable energy investment platform backed by Canada Pension Plan Investment Board.
The partnership is structured as a joint venture (JV) focussed on acquiring, building, and operating utility-scale grid connected battery storage projects. The JV is targeting to build up to 1GW of storage, and already has a current pipeline of 240MW to be built in the short term.
This partnership is Eelpower’s third JV in two years. In January 2021, Eelpower entered a JV with SUSI Partners and in September 2021 it announced a JV with Next Energy Solar Fund which was expanded in September 2022 to £300m to build over 500MW of battery storage assets. Opus advised on all of these transactions.
This represents another market leading transaction and a further example of Opus’ expertise relating to the energy transition.
For further information please contact: John McElroy, Stuart Schofield, Michael Mizon and Dilesh Patel.