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Announced

Completed

Aware Super and Prelude Ventures completed the $7m investment in Rumin8.

Financials

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Transaction Value£5m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Minority

Friendly

Cross Border

Environmental / Waste Management

Australia

livestock methane emissions

Private Equity

Private

Single Bidder

Synopsis

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Aware Super, an Australian superannuation fund, and Prelude Ventures, a venture capital firm, completed the $7m investment in Rumin8, a climate tech company for agriculture. “Livestock contribute an estimated six per cent of the world’s greenhouse gas emissions through methane production. If we can reduce those emissions – and our research is demonstrating that we can – it has a big impact, not just on the planet, but also on the long-term sustainability of the world’s livestock industries and the rural communities which rely on them,” David Messina, Rumin8 Managing Director.

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