
OG Clean Fuels: a provider of clean fuels
Sustainable Impact Fund
A pioneering investment into a provider of clean fuels.
Transaction highlights
- December 2018, AA SIF became majority shareholder in OG Clean Fuels, alongside Meewind and Management, to support future growth of the Company
- The Company aims to acquire additional filling stations, in the period 2020-2022, expanding its network in the Benelux, Germany, Nordics and the UK
- Together with Meewind, AA SIF will support this buy-&-build strategy by providing a total of EUR 20 million funding
- The company has a clean multi-fuel strategy which includes bio-CNG, EV charging, green hydrogen and HVO100
- OG has the aim to become a leading player in Western Europe within the next 5 years
How we add value
- Providing growth capital for (international) expansion through selective new investments as well as M&A
- Further professionalization of the organisation and improvement of capital structure
Commentary
“With AA SIF we found a shareholder who has trust in our Company together with a long-term vision and gives us the resources to realise our ambitions” - Marcel Borger, Co-founder and CEO
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