Announced
Completed
Financials
Sources
Tags
software development
Cross Border
United Kingdom
Acquisition
Private Equity
Single Bidder
Software
Private
Friendly
Minority
Completed
Synopsis
British Columbia Investment Management Corporation, an investment management company, completed the investment in Eku Energy, Green Investment Group's global battery storage platform, from Green Investment Group, a specialist green investor and a global leader in the development of companies, assets and technologies that aim to accelerate the global transition to net zero. Financial terms were not disclosed. “We are delighted to receive the backing of BCI. BCI’s investment recognises the quality of our team and platform, as well as the size of the opportunity for battery storage technology as the shift to clean energy accelerates. We look forward to working with teams from Macquarie Asset Management’s Green Investment Group and BCI as we develop our global pipeline of opportunities in battery storage and establish Eku Energy as a leading contributor to the energy transition,” Chris Morrison, Eku Energy Interim CEO.
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