BayWa AG has sold its majority share of 94.5% in Schradenbiogas GmbH & Co. KG ("Schradenbiogas") to BioCycling GmbH, a subsidiary of Veolia Umweltservice GmbH. BDO advised BayWa in this transaction by preparing a financial fact book and a fairness opinion.
The Corporate Finance Energy Team, led by André Horn, successfully accompanied a sales process in the bioenergy and waste management sector.
The Schradenbiogas business essentially consists of the disposal of organic waste and the operation of biogas plants at three sites in Gröden, Geislingen and Alteno. With the acquisition of Schradenbiogas, Biocycling GmbH complements its existing plant locations and portfolio in the area of food waste collection and treatment.
Alexander Hörner, Project Manager Corporate M&A at BayWa AG on the cooperation with BDO:
"The BDO team had an excellent understanding of our needs and the special requirements of this transaction and thus made an important contribution to the successful transaction. In particular, BDO's high level of expertise in the areas of waste management and biogas as well as their flexibility were a great added value throughout. We would like to thank the entire team for the excellent cooperation."