Brodies advised Palisade Real Assets on its acquisition of two businesses: Eco2 Management Services Limited and Malaby Biogas Limited.
Palisade Real Assets was established in 2021 and is a mid-market manager focusing on investments that are adjacent to core infrastructure sectors and “fall in the gap” between infrastructure, real estate, and private equity. Investments are considered on a global basis and its investment philosophy is thematic driven, focusing on the four key themes of digitisation, decarbonisation, urbanisation, and logistics.
Palisade Real Assets acquired 100% of Malaby Biogas Limited (Malaby), a UK-based organic waste anaerobic digestion technology plant located in Warminster, Wiltshire. Malaby has been operating since 2012, processes between 500-600 tonnes of organic waste per week and provides around 2,500 houses with renewable power.
Palisade Real Assets also acquired Eco2 Management Services Limited (EMSL), a UK-based renewable energy asset management and development company. EMSL is a leading UK renewables asset manager, with over 20 years of experience in developing and managing high-performing renewable assets from conception through to the ongoing operational asset management phase. Current activities encompass biomass, wind, solar, anaerobic digestion, greenhouses and other emerging technologies.
Greg Costello and the broader team at Brodies helped Palisade Real Assets complete two complex mid-market energy transition transactions in parallel. A commercial mindset throughout helped ensure an efficient outcome not withstanding multiple time zones and the odd left field legal challenge. Stephen Burns, CEO of Palisade Real Assets
Key highlights
- Cross-jurisdictional - England and Australia.
- Malaby is part of the wider bioeconomy that will help the UK achieve its target of net zero emissions by 2050 and was the first plant in England to be certified by the Anaerobic Digestion Certification Scheme for all round safety, environmental and operational performance.
- EMSL is a market leader in the management of feedstock for the bioenergy sector.
We see the decarbonisation of the waste, heat and transport sectors as key challenges for governments globally in achieving net zero emissions targets. Our bioenergy investments in BioticNRG focusing on anaerobic digestion will be a valuable part of the decarbonisation toolkit for these sectors. Stephen Burns, CEO of Palisade Real Assets
Outcome
The acquisition of Malaby was the first investment for BioticNRG Ltd, Palisade Real Assets’ dedicated UK bioenergy platform focused on anaerobic digestion assets and adjacent infrastructure. The acquisition of EMSL accelerates Palisade Real Assets’ energy transition investment ambitions in the United Kingdom and Europe; providing operational and asset management support to BioticNRG’s bioenergy assets.
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