Averna acquires ClimateCare
Averna has taken a majority stake in environmental consultancy ClimateCare.
The founders will remain significant shareholders and partners in the business alongside Averna. The GP targets growth businesses within the financial services, fintech, business services, industrial and transport services sectors.
The fresh capital will go towards the company's organic and acquisitive growth.
Debt was provided by Bridgepoint Credit, which recently successfully acquired EQT's credit business.
Company
Founded in 1997, ClimateCare provides businesses and governments with carbon offset services, sustainable development programmes, environmental and social impact measurement, and project development. It has offices in the UK and Kenya, and is based in Cobham.
People
Averna Capital – Pierre-Edouard Harant (partner).
Advisers
Equity – KPMG (financial due diligence, commercial due diligence, tax); Ropes & Gray (legal); Many Waters Capital (debt advisory); Dickson Minto (legal).
Company – Michel Dyens & Co (M&A); Linklaters (legal); Smith & Williamson (tax).
Debt – Clifford Chance (legal).
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