Investment in UK EfW plant, Lostock

Lostock
Transaction:
Acquisitions
Date:
Mar 2019
Deal Value:
GBP 480m
Process:
Private process
Industry:
Energy and Infrastructure

FIH Partners advised Copenhagen Infrastructure Partners (CIP), in CIP’s approximately GBP 290m investment in the Energy-from-Waste (EfW) plant, Lostock.

Located in Lostock, Northwest England, the EfW plant will have a capacity of 60MW and will be processing 600,000 tonnes of waste per annum. The plant will be built by a consortium led by CNIM, an international specialist in waste treatment and energy-from-waste solutions. The construction process will consist of two phases, starting with a 15-month enabling works program followed by a 3-year building phase including six months of commissioning. The plant is scheduled to commence operations in the second quarter of 2023. FCC Environment (FCC), one of the UK’s leading resource and waste management businesses, will be responsible for operating the plant as O&M and waste supplier.

The total investment in Lostock amounts to approximately GBP 480 of which CIP, on behalf of CI III fund, will invest 60% and FCC 40%.

FIH Partners acted as exclusive financial advisor to CIP in the acquisition of the project