Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
27 March 2024
Deals | France | FIN
Gide has advised the banking syndicate composed of Bryan Garnier & Co, Portzamparc BNP Paribas, Natixis and Gilbert Dupont on the capital increase by Waga Energy for a total gross amount of €52 million. Waga Energy’s ordinary shares are listed for trading on Euronext in Paris.
Sensorion is a global expert in converting landfill gas into Renewable Natural Gas (RNG) (also known as “biomethane”) by upgrading landfill gas using a patented purification technology called WAGABOX®.
This fundraising will finance the equity portion of the capex investments in new projects and the pre-manufacturing and manufacturing of WAGABOX© units to deliver on its international expansion. With the net proceeds of the capital increase, together with additional non-dilutive sources of financing, including corporate debt, Waga Energy expects to finance the capex investments required to reach its 2026 revenue objective of €200 million. .
Gide also advised the banks on Waga Energy’s IPO on Euronext Paris in 2021.
The Gide team included partner Guilhem Richard, counsel Mariléna Gryparis and associate Shanna Kim, and partner Melinda Arsouze and of counsel Scott Logan for the U.S. securities law aspects.
Waga Energy was supported by Lazard (financial advisor) and advised by Jones Day.
