Case study

Atlantis Ocean Energy & Atlantis Future Energy

Raising debt finance for AIM-listed tidal power pioneers SIMEC Atlantis Energy

Atlantis Ocean Energy and Atlantis Future Energy are both 5 year bonds that were fully funded by Abundance investors in July 2017 and March 2018. The £10 million raised is helping Atlantis further its medium-term company goals: primarily, to become a global developer of renewable and sustainable energy projects. These include producing the next generation of subsea technology and progressing innovative energy-from-waste power plant conversion opportunities.

With the first offer the parent company, Atlantis Resources Group (now SIMEC Atlantis Energy), was keen to offer more people a chance to show their support for tidal power but did not want to sell more shares in the business. Raising debt finance through Abundance enabled them to do just that, creating a group of Debenture holders who have a stake in the short to medium term success of Atlantis, without taking away from the long term loyalty of shareholders.

The second offer came after the announcement of Atlantis’ partnership with global industry power GFG Alliance, making the company known as SIMEC Atlantis Energy going forth. The proposition had changed since the first offer; Atlantis now had a wider remit in the sustainable energy space, and their first project was to convert a former coal powered plant to run on sustainable energy pellets. As with the first offer, Abundance structured a specialised 5 year Debenture which paid interest semi-annually and capital repaid at the end of the term.

Our online and offline marketing and PR efforts meant that the first bond offer sold out in just over 3 weeks. For the second offer Abundance formulated a distinct marketing plan to reflect the developments at the company since the last offer, and inform and educate investors as to the new opportunity. Both offers were publicised via digital and print advertising, email marketing to our members, and received numerous press mentions.

  • £9.9m
    Total invested across both offers
  • 2,200
    Number of investors across both offers
  • 5yr
    Investment term (years)

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Corporate Clients should consider all risks before raising capital through Abundance and take independent advice where necessary. As with any investment product there are risks. For any financing raised, part or all of the investor's invested capital may be at risk and any return on their investment depends on the success of the project invested in. Abundance investments may not be readily realisable (and their value can rise or fall). Financing may be secured or unsecured. Estimated rates of return can be variable and estimates are no guarantee of actual return. Specific risks will apply in relation to each financing product.