Burges Salmon advises Gravis Capital Partners on £96m Agrivert refinancing deal

Energy sector experts from Burges Salmon have advised specialist investment advisory firm Gravis Capital Partners (GCP) on a deal that saw the £96 million recapitalisation of Agrivert.

27 August 2015

Energy sector experts from Burges Salmon have advised specialist investment advisory firm Gravis Capital Partners (GCP) on a deal that saw the £96 million recapitalisation of Agrivert.

In acting for Gravis Capital Partners as the senior lenders on the deal, the Burges Salmon team was responsible for drafting and negotiating the finance documentation, along with reviewing and advising the project contracts.

The financing that Agrivert has secured will refinance its existing waste-to-energy portfolio and fund the completion of two new 40,000 tonne per annum, 3.0MWe anaerobic digestion (AD) waste-to-energy plants based in Bridgend, South Wales and St Albans, Hertfordshire.  Agrivert commenced work on both plants, which are currently under construction, during the summer of 2015, with a view to them being commissioned towards the end of next year.

Energy sector partner Nathan Curtis, who led the Burges Salmon team, said: “We are delighted to have advised our client GCP and to have worked with Agrivert and their advisors on this innovative deal, which has enabled the simplification of borrowing for Agrivert and provided it with the financing to grow its business in the renewables sector.”

Gravis Capital Partners LLP is a specialist investment advisory firm formed in May 2008.  It currently manages assets with a principal value in excess of £1.2 billion.  GCP is authorised and regulated by the Financial Conduct Authority.

Agrivert provides sustainable and cost effective organic waste management solutions. Operating across the UK, it is a market leader in anaerobic digestion, in-vessel composting, green waste composting, and the treatment and recycling of biosolids for the water sector.

Key contact

Nathan Curtis

Nathan Curtis Partner

  • Banking
  • Projects 
  • Energy, Power and Utilities

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