Parcom backs biofuel maker Simadan

Parcom's equity commitments will be flexible through use of co-investments. John Swire & Sons will integrate Simadan business units Biodiesel Amsterdam (BDA), Tankstorage Amsterdam (TSA) and Tank & Truck Cleaning Amsterdam (CSA) into Argent Energy, its biodiesel business.

In addition, Parcom will take over the Rotie and Noba divisions, and will integrate the activities of Noba into those of Marvesa Oils & Fats, after reaching an agreement with Marvesa shareholders.

Simadan will make use of the strategic investors' expertise for different divisions of the Simadan group, which are expected to profit from further professionalisation and growth opportunities.

Meanwhile, Argent plans to develop its capability of recycling waste fats and oils in the production of biofuel through the integration of Simadan units.

Company
Headquartered in Amsterdam, Simadan is a Dutch biofuels company that converts organic residual materials from the food chain into biodiesel, biogas, bio-fuel oil, bioglycerine and bio-fertilizer.

The company consists of five business units: Rotie, a specialist in the collection and processing of used cooking oil and organic waste material; Noba, a producer of high-energy fat products for the European feed industry; BDA, a producer of second-generation biodiesel made from used fats and oils; TSA, a tank storage company for vegetable oils and fats and biodiesel; and CSA, a tank and truck cleaning service in the port of Amsterdam.

Simadan employs a staff of 280 and reported an annual turnover of €300m last year.

People
Parcom Capital – Gijs Vuursteen (managing partner).
John Swire & Sons – Merlin Bingham Swire (CEO).
Simadan Group – Louis Sciarli (CEO).
Argent Energy – Jim Walker (managing director).

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• Netherlands