The partnership, which is Pioneer’s third investment from its €575 million fund, Pioneer Infrastructure Partners SCSp, and the fifth from Verdane’s €300 million Verdane Idun impact fund, will serve to accelerate and scale Scanbio’s business as it moves to become a leading aquaculture waste management company for the creation of high value end products. The Company is strongly aligned with Pioneer and Verdane’s objectives of contributing to the green transition, to the circular economy, and to sustainable food production.
Scanbio, which was established in 1984, collects and processes fish waste to produce high-value, sustainable end products for the animal feed, industrial production, and bioenergy sectors. It also provides critical aqua logistics services to the Norwegian fish farming markets. The Company is a strong example of a purpose-driven company enabling a more circular economy, as it focuses on the upcycling of waste and allows businesses to reduce their use of resource-intensive commodities, such as soybeans and natural gas.
Scanbio is the world leader in its subsector and has a large operational footprint, with sites and facilities across the western coast of Norway and an additional presence in Northern Europe.
As part of the investment, the parties have also secured a loan agreement, including acquisition finance and a revolving credit facility, with DNB, Norway’s leading bank. The facility has been classified as a Green Loan, further validating the strong sustainable profile of the business.
The capital is being deployed in line with both Pioneer’s and Verdane’s investment strategies and in line with their respective classifications as “Article 9” funds under the European Union’s Sustainable Finance Disclosure Regulation.
Pioneer Point Partners
Established in 2008, Pioneer Point Partners is a leading European sustainable infrastructure
investor and has committed over €1 billion to date. Led by its four founding partners, with over
90 years’ collective private equity investment experience across Western Europe, Pioneer has
grown to become a strong institutional investment management team supported by industry advisors. Since inception, Pioneer’s strategic approach has exclusively targeted the European lower mid-market, value-add infrastructure sector and, particularly, in the energy transition and environment sectors.
More info: www.pioneerpoint.com
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About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.
Verdane funds hold over €6 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.
Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
More info: www.verdane.com
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Press Contact
Verdane
Arne Handeland +47 91344 425
arne.handeland@verdane.com
TB Cardew, PR Advisers to Pioneer Point Partners
Tom Allison 07789 998 020
Tania Wild 07425 536 903
pioneerpoint@tbcardew.com
Pioneer Point Partners
Harriet Rae 020 7290 0640
hr@pioneepoint.com
