Mariana Waste Management EIS: We’re Open!
We are delighted to announce the launch of a new fundraise for the Mariana Waste Management EIS (MWM EIS), following last tax year’s fully subscribed tranche.
- The MWM EIS is a capital preservation focussed EIS which invests in asset-backed companies in the waste management sector.
- Investee Companies will provide a service to waste management companies to dispose of end-of-life plastic waste that can’t be recycled. Currently, waste management companies transfer the majority of this waste to landfill sites. However, this is increasingly expensive costing upwards of £120 per tonne of waste.
- Our Investee Companies will offer a service to dispose of this waste for a significant discount to the cost of transferring it to landfill sites. Our Investee Companies will acquire and operate pyrolysis plants. Pyrolysis is a multi-stage thermal and distillation process which converts the plastics into ungraded oils. The system provides a cost effective, efficient and safe solution to the problem faced by many waste management companies.
- Investee Companies will process a minimum of 50,000 tonnes of plastic waste a year at a fixed price per tonne, under a long-term contracts with reputable counterparties. These contracts will satisfy the entirety of the £20 million fundraise. Since costs and revenues will be set under long-term contracts from the outset, we anticipate returns from this investment will be predictable.
What is the target return?
£1.10 per £1 invested at the end of the 3 year period, net of all fees.
When will shares be allotted?
All funds will be invested in the current tax year. Our target share allotment dates are in late September 2017, late December 2017 and in early April 2018.
How long will the EIS3 certificates take?
We aim to deliver EIS3 certificates to investors within 12 months of their share allotment date.
How much will be raised?
We are aiming to raise between £10 – 20 million in the current tax year.
When does the fundraise close?
The fundraise will close on the 31st March 2018, or earlier if capacity is reached.
What happens after the 3 year investment period?
We aim to offer an exit opportunity for investors who wish to exit at the end of the 3 year period. In reality, the timeframe for exit could be 4 years or more. Exit is not compulsory: investors can remain invested if they wish to.