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New Deal


Announced

Grey Rock Investment Partners to invest in Vault CCS Holdings for $150m.

Financials

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Transaction Value£120m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Private

Storage Terminals

Single Bidder

Cross Border

carbon capture and storage developer

Friendly

Pending

Private Equity

Acquisition

Majority

Synopsis

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Grey Rock Investment Partners, a private equity firm, agreed to invest in Vault CCS Holdings, a carbon capture & storage developer focused on the development, capitalization, and operation of carbon storage assets throughout North America, for $150m. “In Grey Rock, we found a like-minded investment partner whose stellar investment track record and technical approach represents the type of capital partner that we feel will support our objective of developing and executing high quality CCS projects with a range of industrial partners across North America. Having a partner who understands the fundamentals of our business is critical in moving quickly to bring projects to fruition and support effective scaling of the emerging CCS industry,” Scott Rennie, Grey Rock Investment Partners CEO.

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