LONDON – 25 May 2022: Bryan Garnier, the leading independent investment bank for European healthcare and technology-related companies has acted as the sole financial advisor to Enapter, a manufacturer of electrolysers for green hydrogen production, on a €20m strategic investment by Johnson Matthey, a UK-headquartered global leader in sustainable technologies.
Enapter AG is listed on the regulated market of the Frankfurt and Hamburg stock exchanges, WKN: A255G0. This is the second transaction that Bryan Garnier has completed for Enapter, having advised Enapter on its €30m follow-on offering in October 2021.
Enapter is an innovative energy technology company that produces next generation Anion Exchange Membrane (AEM) electrolysers, which can be used to produce green hydrogen at any scale. The technology enables the construction of efficient, cost-effective and standardized electrolysers and stacks that can be scaled up to larger units based on modularity. Green hydrogen is renewably produced hydrogen that is a key substitute for fossil fuels and plays an important role in accelerating the energy transition.
Johnson Matthey is a global leader in sustainable technologies. With over 200 years of experience in innovation, their science has a global impact in areas such as low emission transport, chemical
processing and making the most efficient use of the planet’s natural resources. Johnson Matthey is committed to accelerating the energy transition and to developing closed-loop (circular economy) solutions.
This deal marks Bryan Garnier’s eighth transaction in the hydrogen space, and fourth in the last 12 months, building on the firm’s strong track record in the Energy Transition and Sustainability sector. Last week, Bryan Garnier completed the landmark €110m IPO for green hydrogen producer Lhyfe on Euronext Paris. In addition, in June 2021, Bryan Garnier advised hydrogen power company HDF Energy on its €151m IPO, with large cornerstone investments from Rubis and Teréga and was the sole advisor to McPhy, a clean hydrogen equipment provider on its €180m follow-on offering in October 2020, including strategic investments from Technip Energies and Chart Industries.
Last week, on 18 May 2022 the European Commission tripled its commitment to hydrogen in its REPowerEU Plan setting a capacity target of 350 GW of hydrogen versus their previous target of 80 GW by 2030, including domestic production and imports of hydrogen, underscoring the importance of renewable hydrogen in the energy transition. The EU plan was introduced in response to the war in Ukraine and is focused on reducing Europe’s dependency on Russian energy imports.
Sebastian Justus-Schmidt, CEO of Enapter, said: “Bryan, Garnier & Co. ran a thorough and professionally managed process engaging with prominent strategic investors across the hydrogen value chain. Bryan Garnier supported us along the way on all investment and collaboration related interactions with counterparts. This led to our current selection of Johnson Matthey as highly value- added partner and investor. We are delighted to have Bryan, Garnier and Co. by our side on our ongoing journey towards a de-carbonised world”
Olivier Beaudouin, Partner at Bryan Garnier said: “As a leader in energy transition and hydrogen transactions, Bryan Garnier had identified Enapter as a pioneer with their revolutionary AEM electrolyser technology. We are thrilled to have advised Enapter on this strategic investment by Johnson Matthey, which brings key supply chain expertise and support for the next phase of Enapter’s growth.
This is our eighth hydrogen deal, making us one of the most active players and cementing our leadership as the go-to advisors for companies and investors in the space. “
The Bryan Garnier deal team included Falk Müller-Veerse, Partner, Olivier Beaudouin, Partner, Jay Marathe, Managing Director and Kanak Sharma, Associate.
About Bryan, Garnier & Co
Bryan Garnier is the world’s leading independent full-service investment bank for European healthcare and technology-led companies and their investors. Clients benefit from our relentless commitment to their long-term success, unparalleled insights into these strategically important sectors and strong relationships with investors – from private equity and venture capital to institutional and strategic investors across the US, Europe, and Asia.
Our corporate clients operate in high growth, fast moving sectors and many are disruptors focused on solving some of the most important sustainability challenges facing the world today. As a sector driven investment bank, our advice is rooted in deep industry knowledge with a global perspective, and clients benefit from our full-service platform and product expertise that will accelerate their long-term success.
We partner with clients for the long term throughout their lifecycle, providing them with ideas, access to public and private capital and M&A advisory with flawless execution. Our highly experienced equity research team thinks beyond the obvious to provide compelling and differentiated insights and investment themes to our corporate and investor clients,
giving them that important competitive edge.
Our independence and entrepreneurial culture, which come from being a 25-year-old partnership ensure complete alignment with our clients. Our purpose, which is to help European pioneers become global champions, has been constant since the bank’s foundation 25 years ago and remains why clients continue to choose Bryan Garnier as their partner for the long term.
Enapter is an innovative energy technology company that manufactures highly efficient hydrogen generators to accelerate the replacement of fossil fuels with hydrogen and thus drive the energy transition globally. The patented and proven Anion Exchange Membrane (AEM) technology enables mass production of low-cost plug-and-play electrolysers for green hydrogen production at any scale. The modular systems are already used in 49 countries in energy, mobility, industry, heating and telecommunications.
About Johnson Matthey
Johnson Matthey is a global leader in sustainable technologies that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological
breakthroughs, we improve the performance, function and safety of our customers’ products. Our science has a global impact in areas such as low emission transport, chemical processing and making the most efficient use of the planet’s natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us.
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