Hogan Lovells advises Sanergy on capital raise to support sustainability in Kenya and beyond
Denver, CO and Frankfurt, Germany, 4 August 2022 – Global law firm Hogan Lovells represented Sanergy, Inc., an organic waste upcycling business aimed at transforming how emerging markets manufacture agricultural inputs utilizing a circular economy approach, in its Series C Capital raise. The raise was led by Anglo American, which has committed to support Sanergy in its growth and expansion ventures in Kenya and into Southern Africa while it remains committed to its service of growing urban populations, as well as local farmers and agriculture.
Sanergy manufactures valuable agricultural and energy products such as insect-based protein used for animal feed, biomass fuel, and organic fertilizer for horticulture. Its circular economy approach has been recognized as a pioneering model that benefits emerging economies: increased food production, increased local production of agricultural inputs, and smart ways to manage organic waste.
Commenting on the deal, Sanergy co-founder David Auerbach said: “Sanergy is thrilled to partner with Anglo American as we work to build circular economy solutions that promote regenerative agriculture, a clean environment, and the prosperity of farmers.”
The cross-border Hogan Lovells Corporate and Finance team was led by partners Mark Heimlich (Denver) and Tobias Faber (Frankfurt) and included associates Ben Shellhorn and Colin Roche (Denver) and Jürgen Kess and Camilla Fröhlich (Frankfurt).
This deal further illustrates the ever-increasing investment in Africa and how companies such as Sanergy are committed to growing and expanding on the continent. The deal is also the latest example of Hogan Lovells’ work advising on financings and other transactions aimed at supporting sustainability projects across Africa.