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Announced

Completed

Chevron led a $320m Series E round in Svante.

Financials

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Transaction Value£261m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

carbon capture

Canada

Venture Capital

Private

Friendly

Minority

Single Bidder

environmental solutions

Private Equity

Completed

Environmental Consulting

Synopsis

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Chevron, an American multinational energy corporation, led a $320m Series E round in Svante, a provider of a carbon capture technology, with participation from Temasek, OGCI Climate Investments, Delek, Hesta, 3M Ventures, Full Circle Capital, GE Vernova, Japan Energy Fund, Liberty Media, M&G Catalyst, Samsung Engineering, TechEnergy Ventures and United Airlines Ventures. "We are proud that Chevron and a group of existing and new strategic and financial investors have demonstrated their confidence in Svante to be a key player in building a commercially viable carbon management industry. We are working to remove the biggest barriers to rapid deployment of industrial carbon capture by building this manufacturing facility, which we expect will enable us to rapidly expand our order book," Claude Letourneau, Svante President and CEO.

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