Kanadevia Inova Acquires Iona Capital to Boost Global Renewable Gas Portfolio
Deal News | Jan 07, 2025 | Iona Capital Ltd
Swiss-based Kanadevia Inova has announced the acquisition of Iona Capital Limited, a UK specialist in renewable gas asset management, along with its portfolio of 11 biogas plants. This strategic acquisition marks a significant move for Kanadevia Inova into full plant ownership and oversight, enhancing its global renewable gas infrastructure. The deal doubles Kanadevia Inova's biogas plants to 18, diversifying geographically across Europe and the United States. Kanadevia's expansion aligns with its vision to become a fully integrated green utility, aiming to accelerate decarbonization at a global scale. ICL, founded in 2011, brings considerable expertise and a pipeline of projects to the partnership, positioning Kanadevia Inova to further support net-zero goals worldwide. The merger will involve ICL's founding director taking a senior role at Kanadevia Inova, reinforcing the combined strength to tackle climate change.
Sectors
- Renewable Energy
- Asset Management
- Green Technology
Geography
- United Kingdom – Iona Capital is based in London, and the acquisition includes UK-based renewable gas plants.
- Switzerland – Kanadevia Inova, the acquiring company, is based in Zurich, Switzerland.
- Global – The project pipeline extends to markets in Europe and the United States, indicating a global geographical impact.
Industry
- Renewable Energy – The acquisition involves renewable gas plants and projects, indicating the focus on sustainable energy solutions.
- Asset Management – Iona Capital is an asset management specialist, indicating the strategic focus of the acquisition on managing renewable energy assets.
- Green Technology – Kanadevia Inova is categorized as a green-tech company, highlighting its role in environmental technology and solutions.
Financials
- Not Disclosed – The article does not disclose the financial terms of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kanadevia Inova | Acquiring Company | Company | A Swiss-based global leader in the energy transition and circular economy solutions. |
| Iona Capital Limited | Target Company | Company | A UK-based asset management specialist focused on renewable gas. |
| Evercore Partners International LLP | Financial Advisor | Company | Engaged as the sole financial advisor for Iona Capital in the transaction. |
| Ashurst | Legal Counsel | Company | Provided legal counsel for the transaction. |
| Nick Ross | Founding Director at Iona Capital | Person | He will assume a senior position in Kanadevia Inova's Asset Management team. |
| Bruno-Frederic Baudouin | CEO Kanadevia Inova | Person | Chief Executive Officer of Kanadevia Inova, overseeing the acquisition. |
| Keith Carr | Executive Vice President Asset Management Kanadevia Inova | Person | Responsible for the asset management operations post-acquisition. |