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Announced

Completed

Xpansiv completed the acquisition of a minority stake in Evident.

Financials

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

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Friendly

clean economy

Renewable Energy Equipment

United States

Single Bidder

Completed

Acquisition

Domestic

Private

Minority

Synopsis

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Xpansiv, a market infrastructure provider for the global energy transition, completed the acquisition of a minority stake in Evident, clean economy registry provider and certification body. Financial terms were not disclosed. “Following our foundations in the European REC markets in the late 1990s, we have spent the last ten years developing a robust, purpose-built, global renewable energy market under the I-REC Standard. We believe expanding our partnership with Xpansiv will enable the market to scale more rapidly and will support our strategy to pioneer new products and services as well as invest in supporting and developing our wider network of partners and innovators around the world,” Ed Everson, Evident Chief Executive Officer.

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