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New Deal


Announced

Completed

JP Morgan Asset Management led a $200m round in Arcadia.

Financials

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Transaction Value£162m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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climate technology

Friendly

Private Equity

Private

Minority

Domestic

Single Bidder

Electronic Components and Equipment

Completed

United States

Venture Capital

Acquisition

Synopsis

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JP Morgan Asset Management, an asset manager, led a $200m round in Arcadia, a technology company empowering energy innovators to fight the climate crisis, with participation from Keyframe Capital, Broadscale Group, Triangle Peak Partners, Camber Creek, Tiger Global Management, Wellington Management, Salesforce Ventures, Drawdown Fund and MCJ Collective. "The products being built on the Arc platform in just a short amount of time - by large incumbents and new startups - prove that companies have been starved of the tools they need to build innovative energy solutions. Building a platform that works across verticals instead of offering point solutions will unlock exponential growth and impact. Today's commitment from J.P. Morgan will enable Arc to become the foundational software layer for the zero-carbon economy," Kiran Bhatraju, Arcadia CEO.

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