4:05 AM 18th November 2021
Leeds Law Firm Helps Anaergia Secure €100 Million Funding For Energy From Waste Projects In Italy
Law firm Womble Bond Dickinson (WBD) has advised Anaergia, a global leader in the production of clean energy, fertilizer, and recycled water from virtually any waste stream, on its €100 million junior loan note funding programme with Arjun Infrastructure Partners, a leading independent European infrastructure asset manager. The funding will support Anaergia's development of between 10-12 new organic waste to renewable natural gas projects in Italy.
The WBD team advising Anaergia was led by Leeds-based partner and head of WBD's UK banking and finance team, John Connor, and solicitor Jake Unsworth. The firm provided key finance expertise and worked with Anaergia advisers in other jurisdictions including law firms Ergon Legal and BonelliErede in Italy, NautaDutilh and Nysingh in the Netherlands, Noerr in Germany, and Lawson & Lundell in Canada.
Arjun Infrastructure Partners was advised by Ashurst LLP, led by partner Alex Biles.
John Connor commented: "It has been a pleasure working with the Anaergia team, Arjun and Ashurst on this exciting transaction, which realises Anaergia's commitment to creating new biogas facilities in Italy. The deal successfully completes as COP26, based in Glasgow and fittingly in partnership with Italy, comes to a close.”
"As we embark on a decade of climate action, WBD and its lawyers are proud to be supporting the delivery of clean and innovative energy projects that will play an important role in reducing emissions and protecting the environment."
Thor Erickson, Anaergia General Counsel, added: “Italy continues to be a leader in adding new organics diversion facilities and this market presents many growth opportunities for Anaergia.
"We've grateful to the whole WBD team for their excellent legal advice and commitment to this cross-border project. John and Jake worked around the clock so we could complete the transaction on time."