Equitix takes full ownership of Bio Capital in agreement with Helios Energy Investments

LONDON – Equitix and Helios Energy Investments (“Helios”) today announced that Equitix has become the 100% shareholder in Bio Capital (“the Company”) following the successful acquisition of Helios’ interests in the Company. The transaction marks the evolution of a successful partnership between two leading infrastructure and energy investors who jointly developed the business.

Bio Capital is the UK market leader in Anaerobic Digestion (“AD”) with a portfolio of plants across the UK. The Company recycles half a million tonnes of food wastes which, combined with its generation of green energy, avoids up to 360,000 tons of CO₂ annually. With accredited capacity to generate over 900GWhth of biogas each year, Bio Capital is a growing enabler in the decarbonisation of the natural gas grid network and displacement of fossil fuel usage in the transport sector.

Since 2018, Equitix and Helios have shared equal ownership of Bio Capital, combining their complementary expertise to transform the business. Helios, renowned for its extensive expertise in renewable energy and biogas, and Equitix, a leader in infrastructure and operational management, have driven the strategic acquisitions of brownfield operational and turnaround plants, as well as gas grid infrastructure. Together, they have jointly funded and directed the Company’s growth, establishing it as the UK market leader in biogas and biomethane production from food waste.

Bio Capital currently has a national network of nine plants located at sites in Scotland, Northern Ireland, Northeast England, East Anglia, and London. The Company aims to continue its growth trajectory, with an immediately actionable pipeline of bilateral acquisition opportunities, internal growth initiatives (capacity expansion and CO₂ recovery), and the development of offtake relationships with corporate and industrial partners, all of which contribute to Bio Capital’s purpose of making a material contribution to the UK’s transition to a Net Zero economy.

Equitix CEO, Hugh Crossley said: “We are delighted with this additional investment into Bio Capital, a business which we have supported from inception, and will now steward as the sole Shareholder in the next chapter of its growth. Leveraging our decade-long experience in the Environmental Services sector, and with almost £2bn in AUM invested, we are firmly committed to supporting decarbonisation of the UK power and gas network.”

Helios’ founding Managing Partner, Erez Gissin said: “We are very proud to lead and support BioCapital throughout its investment cycle – from inception through multiple acquisitions, building the management team, enhancing our plants’ performance with new technologies and operational efficiencies, all the way to becoming the leading AD platform in the UK. This investment is just onepart of Helios’ broader waste management portfolio across the UK and Europe. While this marks a successful exit for us, we remain strongly committed to this sector and continue to seek new investment opportunities in sustainable waste-to-energy businesses. We are confident that Bio Capital will continue to thrive under Equitix’s ownership and wish them continued success.”

CIBC Capital Markets acted as financial adviser to Helios and Hogan Lovells International LLP acted as their legal adviser.