LONDON – Reed Smith has advised client Agrivert Holdings Limited and its shareholders on the sale of the company, its subsidiaries and the UK operating business to Severn Trent plc for £120 million.
Founded in 1994, Agrivert UK is a leader in renewable energy generation from food waste, with five well-established food waste anaerobic digestion (AD) plants and five green and comingled waste composting sites.
The purchase of Agrivert UK will take Severn Trent's investment in energy and renewables to approximately £300m by 2020, reflecting its commitment to become a sector leader in sustainable resource efficiency, whilst driving down carbon emissions.
The team advising on the matter included Ravi Pattani (Corporate), Jo Carter and Jess Hartley (Property), Leon Stephenson and Mac Campbell (Banking) and Caspar Fox and Harrison Stimson (Tax).