Corporate Finance Deal Announcement: Fernbrook Bio

3rd Nov 2016

We are delighted to announce that our award-winning corporate finance team has advised the shareholders of Fernbrook Bio on the sale of the company to Whites Generation.

Fernbrook Bio has developed and manages an anaerobic digestion plant at Rothwell Farm Lodge in Kettering, Northamptonshire. The plant was established in 2008 and is capable of processing 40,000 tonnes of organic waste per year. The business uses anaerobic digestion to convert food waste into biogas, a renewable energy source that is used to generate electricity and heat.

Whites Generation is a wholly-owned subsidiary of ReGen Holdings, which also owns Whites Recycling. Whites Generation is a newly incorporated company set up to develop the anaerobic digestion activities of ReGen and to take advantage of the synergies between the recycling business and the anaerobic digestion plants.

Our corporate finance deal management advice was led by managing director Laurence Whitehead and director Craig Chamberlain. Our team worked closely with all parties to the transaction, including the corporate team at EMW Law, who provided legal advice to the vendors.

Shaun and Alan Cherry, shareholders of Fernbrook Bio, commented:

“We have been really pleased with the advice given to us by MHA MacIntyre Hudson’s corporate finance team. Laurence and Craig assisted us from the very outset, providing solid advice and support related to the value of the business and the heads of terms, as well as the financial and accounting aspects as matters progressed. A number of complex issues arose during our discussions with Whites, but the team kept clear heads, represented our interests well throughout and were instrumental in our concluding the deal.”

Laurence and Craig added:

“We are delighted to have completed this transaction. The deal presented a number of interesting challenges and we’d like to thank Shaun and Alan for working closely with us to reach a successful conclusion. The fit with Whites is undoubtedly a good one and we are confident that the combined business will be very successful over the coming years. We wish Shaun, Alan and Whites all the best for the future”.

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If you would like to know more about this deal or how we can assist you, your clients or your contacts on corporate finance or strategic planning matters, then send us an online enquiry to arrange an initial, no-obligation meeting.

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