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New Deal


Announced

Completed

TPG completed a $300m investment in Rubicon Carbon.

Financials

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Transaction Value£249m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

carbon credit

Private

Private Equity

Domestic

VER market platform

Energy / Utility Services

Minority

Acquisition

Friendly

Single Bidder

Completed

Synopsis

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TPG Capital, a global alternative asset management firm, completed a $300m investment in Rubicon Carbon, a new VER market platform. “The growing carbon market will need new tools and financing solutions in order to reduce friction, democratize access, and improve quality. Rubicon Carbon was not designed as a replacement for aggressive carbon emissions reduction but rather as an end-to-end solution for corporations that have chosen to include high-quality carbon credits as part of their overall decarbonization strategy. Enterprises in sectors where there are technological limitations to immediate emissions reduction are looking for solutions like Rubicon to close their emissions reductions gap with authenticity and ease,” Jim Coulter, TPG Founding Partner.

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