Newlight Partners

Background and Newlight Value Add

Newlight partnered with BDG in 2019 with the belief that its experience with newly formed companies would complement BDG’s talented and focused management team. There is a large and growing demand for alternatives to traditional waste management solutions such as landfills, land application and incineration. With anaerobic digestion capabilities, BDG offers a superior waste disposal solution, both economically and environmentally, producing renewable natural gas and reducing overall costs and environmental impact.

Introduction to Customer & Partners

Newlight leveraged its extensive network of relationships in the agricultural and food processing space, providing executive introductions to prospective customers and strategic partners.

Capital Raising & Structuring

Newlight provided capital to support strategic M&A and to jumpstart BDG’s project pipeline in the early days of the business, before third-party project financing was available.

Strategy

Newlight deployed its expertise with new growth companies by assisting management in setting the strategic direction of the business. Newlight then supported implementation of the strategy, including working alongside management to execute on acquisition opportunities and establishing a management equity incentive plan to align interests of the stakeholders.

Executive Recruiting

Newlight offered BDG the benefit of its network by assisting in recruiting key additional senior management members to broaden and strengthen the team, and by tapping seasoned operating executives with relevant industry expertise to serve on the board of directors.

Operational Assistance

Newlight and its operating partners worked closely with the BDG management team in the formation of the business, helping build out and scale the business infrastructure and systems, and select third-party servicers and vendors.

The Case Studies are not necessarily representative of all past or current Newlight portfolio companies but were selected to illustrate Newlight's management approach and are intended for potential portfolio company executives. Certain statements about Newlight made by portfolio company executives herein are intended to illustrate Newlight’s business relationship with such persons, including with respect to Newlight’s facilities as a business partner, rather than Newlight’s capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Newlight-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein. Newlight does not make any representation or warranty as to the accuracy or completements of the information contained herein and it should not be assumed that investments made in the future will be comparable in quality of performance to the investments described herein. Past performance is not necessarily indicative of future results. See the “Case Studies” section of the Disclosures page for important information about these Case Studies.