Evergaz has completed a €60 million capital increase to accelerate its development

Evergaz, an independent player in biogas production in Europe, announces the completion of a €60 million capital increase, subscribed to by Meridiam (€57 million) and SWEN Capital Partners (€3 million), key players in the energy transition and longstanding Evergaz shareholders.

With over 15 years’ experience in the methanisation sector in France, Germany and Belgium, Evergaz owns and operates 31 methanisation units representing an annual production capacity of 1.26 TWh PCS in biomethane equivalent (equivalent installed capacity of 55.1 MWe), equivalent to the annual electricity consumption of almost 136,000 homes.

This €60 million capital increase is a decisive step in Evergaz’s growth strategy. It is aimed at rolling out its ambitious industrial plan and strengthening the company’s leadership in its core markets.

Meridiam will hold a majority stake in Evergaz following this transaction, enabling it to take control of the company. As part of this capital increase, Bpifrance and Eiffel Investment Group will acquire a stake in Evergaz through the conversion of convertible bonds subscribed to in August 2023. The Planchot family and Transition Evergreen, two other historical shareholders, will support the development of the project by remaining shareholders in the company.

Fadi SELWAN, Partner, COO Portfolio Management, Human capital, and Sustainability at Meridiam, said: “By strengthening its position in the company, Meridiam is reaffirming its role as a key partner in the development of sustainable and innovative projects and its commitment to the energy transition and the circular economy in Europe. This investment is in line with Meridiam’s ongoing commitment to the United Nations Sustainable Development Goals (SDGs), in particular those related to clean and affordable energy, sustainable industry and the fight against climate change”.

Alain PLANCHOT, Chairman and CEO of Evergaz, said: “I am very pleased with the support and confidence shown by our historical shareholders. I am convinced that their commitment will enable Evergaz to successfully complete its ambitious industrial project and assert its position as the leading independent biogas producer in Europe”.