Bryan Garnier to act as financial advisor to Enapter

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 €30 million 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 standardised 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. Recently, Bryan Garnier completed the landmark €110 million IPO for green hydrogen producer, Lhyfe, on Euronext Paris. Additionally, in June 2021, Bryan Garnier advised hydrogen power company HDF Energy on its €151 million IPO, with large cornerstone investments from Rubis and Teréga, and was the sole advisor to McPhy, a clean hydrogen equipment provider on its €180 million follow-on offering in October 2020, including strategic investments from Technip Energies and Chart Industries.

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 decarbonised 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 Mu¨ller-Veerse, Partner, Olivier Beaudouin, Partner, Jay Marathe, Managing Director and Kanak Sharma, Associate.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/26052022/bryan-garnier-to-act-as-financial-advisor-to-enapter/