Deal Announcement Envor Group Oy

Sector: Energy & Utilities

Object of sale: PwC acted as exclusive financial advisor to owners of Envor Group Oy in the sale of the company's biogas business to Nevel Oy, a portfolio company of France-based investment company Ardian.

Envor is a Finnish family owned company with a strong position in the Finnish biogas market owning two operating biogas plants and a substantial pipeline of new projects. Envor has a diverse feedstock base comprising multiple public and private feedstock providers. The produced biogas is sold to both industrial customers and transportation uses.

Seller: Shareholders of Envor Group Oy

Buyer: Nevel Oy

Date: Deal announcement 29th August 2023

PwC’s role: Sellers’ financial advisor

Envor Group press release

Nevel press release

Kimmo Vilske

Partner and Energy Industry Leader, PwC Finland

+358 (0)20 787 7938

Email

Esa-Pekka Ruismäki

Corporate Finance, PwC Finland

+358 (0)20 7877189

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