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New Deal


Announced

Lightrock to acquire a 10% stake in South Pole.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Switzerland

Environmental / Waste Management

Cross Border

Pending

climate protection

Minority

Friendly

Acquisition

Private

Single Bidder

Private Equity

Synopsis

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Lightrock, a global impact investor backed by LGT and the Princely House of Liechtenstein, agreed to acquire a 10% stake in South Pole, one of the world's largest companies fully focused on fighting climate change. Financial terms were not disclosed. "Climate change has finally become a public, political, regulatory, and corporate hot topic. Reflecting this, we have witnessed a strong growth in carbon markets, driven by growing corporate and consumer demand for climate neutral solutions," Pal Erik Sjatil, Lightrock CEO and Global Managing Partner.

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