19 AUGUST 2025 – VisionEdgeOne (“VE1”) has agreed to acquire up to 50% of the Italian biomethane platform RE2Sources, on behalf of investors in the VisionEdgeOne Infrastructure Partnership platform, in a structured transaction. As a result VE1 will become the joint-controlling investor alongside European specialist mid-market infrastructure manager, Arjun Infrastructure Partners (“Arjun”).
RE2Sources is a leading biomethane platform in Italy, focused on municipal household waste. The company owns, develops and operates anaerobic digestion waste plants. Currently, RE2Sources owns and operates six anaerobic digestion waste plants, including one under construction, with an annual processing capacity of 220kt of waste. The plants also produce 200GWh biomethane, as well as sustainable fertiliser and biogenic CO2. Biogas is produced mainly from organic waste, which RE2Sources collects from public and private sources. This is upgraded to biomethane, which is injected directly into the national gas grid as renewable gas. Arjun has owned the business since 2023.
Biomethane in the EU is a high-growth market, driven by strong fundamentals and government support. VE1 targets the biomethane space as part of its strategy to invest in mid-market businesses shaping the sustainable infrastructure of tomorrow.
Biomethane is essential to decarbonise Europe’s energy system, displacing fossil fuels which currently account for roughly two-thirds of primary energy consumption in the EU, and to ensure Europe’s energy security.[1] Italy is one of the largest potential markets for biomethane in Europe, in part due to its historic reliance on imported natural gas, and its extensive network of more than 32,000 km of gas pipelines.
In addition to its role in decarbonising the energy mix, biomethane production helps to reduce emissions from the decomposition of organic matter and divert waste from landfill. As a third benefit, digestate from biogas production can be used as biofertilizer, reducing the need for the carbon-intensive production of mineral fertiliser.
Christian Kjaerulf, Managing Director at VE1, commented “RE2Sources is a highly attractive investment for our strategy, as it is a leading circular economy infrastructure platform, with a defensive asset base and resilient, diversified revenue mix, along with strong growth prospects. We consider Italy a particularly attractive market for biomethane: we see the market growing rapidly at c.30% CAGR towards 2030, underpinned by excellent feedstock availability and policy support. In addition to investing in organic growth, the company has a sizeable and advanced pipeline of growth projects. We are excited to partner with the RE2Sources management and the Arjun team, who have transitioned RE2Sources through its crucial ramp-up period, positioning it for strong growth.”
Romain Py, Partner at Arjun, added, “We are delighted to partner with VE1 as we move into the next phase of growth for RE2Sources. Under our ownership to date, RE2Sources has completed the construction and ramp-up of multiple plants and has derisked its future cashflows. We have established a robust business model with a highly defensive position in its regions and a diversified revenue profile. RE2Sources is well positioned to benefit from the long-term green subsidy programme and the growth of the Italian biomethane market in the coming years.”
Alessandro Massone, CEO of RE2Sources says “We are extremely excited to welcome VisionEdgeOne as our newest partner. Their experience and commitment to sustainable infrastructure aligns perfectly with our mission to drive the energy transition in Italy. Together with Arjun, we will continue to strengthen our leadership position in the biomethane sector, accelerating the growth of our facilities and our contribution to a more robust circular economy.”
The transaction is expected to complete in September 2025, subject to customary approvals. VE1 is advised by Sidley Austin and Chiomenti (legal), FTI Consulting (finance and tax), and Aon (insurance). Arjun is advised by Ashurst (legal) and Alvarez & Marsal (tax).
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Contacts
VE1
Katie Sunderland
Email: katie@visionedge.one
Arjun Infrastructure Partners
Email: arjun@peregrinecommunications.com
Telephone: +44 20 3178 6868
About VisionEdgeOne
VisionEdgeOne is an infrastructure investment firm with an experienced team across four locations (London, Copenhagen, Paris & Dubai) focused on mid-market Infrastructure Private Equity investments primarily in Europe, applying a private equity mindset to value creation, featuring a combination of growth and robust downside protection through infrastructure thematics.
Rooted in an understanding of the accelerated pace of change and the impact of the global forces of disruption e.g. digitalisation, demographics and decarbonisation, we aim to support the transition towards a sustainable future by identifying and investing in the infrastructure of today and tomorrow across four sectors: Logistics, Energy, Digital & Urban.
About Arjun Infrastructure
Arjun Infrastructure Partners is an infrastructure fund manager founded in 2015, with over €6.4 billion of assets under management and offices in London and Paris. Arjun is focused on European core and core-plus mid-market infrastructure diversified by sector and geography, which it offers through funds and separately managed accounts. Arjun has an experienced, sector-specialist team of more than 40 professional with extensive operational knowledge combined with institutional financial pedigree.
Arjun’s entrepreneurial mindset and strong alignment with its clients make Arjun an attractive long-term partner to companies.
For more information, visit: www.arjuninfrastructure.com.
About RE2Sources
RE2Sources is a renewable energy company that transforms organic waste into biogas, biomethane, and high-quality compost through advanced circular-economy solutions. Operating six facilities across Italy, the company combines technical, operational, and financial expertise to deliver sustainable, ESG-aligned strategies that benefit the environment, economy, and local communities.
[1] European Commission, Innovative biomethane for REPowerEU (2023)