AUGEAN : Ancala Partners and Fiera Infrastructure Acquisition of Augean plc

Ancala Partners and Fiera Infrastructure Acquisition of Augean plc

We are delighted to report the acquisition of Augean plc by Ancala Partners and Fiera Infrastructure has been completed.

Ancala and Fiera Infrastructure are long-term investors in the waste management sector, with both having existing investments in the space. Ancala's experience in the sector includes Biogen, the largest owner and operator of anaerobic digestion plants in the UK as well as Ence Energia, Spain's leading biomass renewable energy platform. Fiera Infrastructure has an existing platform and extensive experience in the UK waste management sector, including its investment in Cory Group, one of the UK's leading waste management, recycling, and energy recovery companies.

They plan to create value by providing the company with the necessary financial, technical and strategic support to thrive as a private business.

Karen Dolenec, Partner at Ancala Partners, commented:

"We are very excited about this investment which we identified as a leader in an attractive and growing segment with strong tail winds. Ancala has been impressed by the high quality of the team and operations and is excited to support the Company in expanding its role in this critical part of an effective waste management ecosystem."

Alina Osorio, President of Fiera Infrastructure, remarked:

"Augean is a leading provider of specialised waste management services in the UK, offering essential and responsible treatment and disposal solutions to a broad customer base. Fiera Infrastructure is excited to work alongside the management team at Augean to support the Company in its next stage of growth."

Jim Meredith, Chairman of Augean, said:

"The completion of this transaction marks an exciting new chapter for Augean and would not have been possible without the hard work and commitment of all my colleagues. We are already a sector leader and we look forward to benefitting from the resources, experience and expertise of Ancala and Fiera to continue transforming the business to improve on our market leadership, through delivering great customer service whilst providing real opportunity for employees and stakeholders."