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Announced

Completed

M&G completed an investment in Storegga.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
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EV/EBITDA-
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Tags

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Environmental Consulting

United Kingdom

carbon reduction

Minority

Domestic

Acquisition

Private Equity

Single Bidder

Completed

Private

Friendly

Synopsis

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M&G, an international savings and investments business, completed an investment in Storegga, a developer of carbon reduction and removal projects. Financial terms were not disclosed. "We are delighted that M&G is joining Macquarie, GIC and Mitsui as investors in Storegga and welcome them warmly. As a major UK institutional investor, M&G’s investment strengthens our ability to develop carbon reduction and carbon removal projects globally and will help shape Storegga into a leading, independent, UK-based carbon reduction company," Nick Cooper, Storegga CEO.

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