Waste-to-energy company Monsal secures £14m

The Water Resources Fund, managed by natural resource-focused investment firm FourWinds, will initially take an equity stake through a £4m (€4.8m) commitment, alongside Monsal’s management team and private equity investor Matrix Private Equity Partners.

The funding will be used to support the expansion of the UK-based company’s core anaerobic digestion technology. The Water Resources Fund will commit a further £10m (€11.9m) to any projects it jointly develops with Monsal.

Matrix backed the original buy-out of the business in 2007 and will retain its significant minority holding in Monsal, underlining its support for the company’s growth strategy.

Aidan Cumiskey, managing director of Monsal, said, “There is no other competitor in the market able to fully capitalise on the opportunity to build and operate the estimated 200 food waste anaerobic digestion plants that are expected to be developed by 2020.”

The company is also on the look out for strategic partnerships going forward as anaerobic digestion technology becomes a key part of the UK coalition government’s renewable energy strategy.

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