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Blackstone invests $400m into carbon and environmental commodities
Global marketplace for ESG-inclusive commodities Xpansiv has received a US$400 million investment from global investment business Blackstone.
Lauren Croft
Firm: Clifford Chance (Xpansiv)
Value: US$400 million
Area: Finance
Key players: The Clifford Chance team was led by partner David Clee, who worked with partners Elizabeth Hill and Mark Gillgren, counsel Cameron Reeves, senior associates Zoe Anderson and Michael Fitzpatrick and associate Mathew Kambos.
Deal significance: Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels, each of which is a critical element of global decarbonisation.
Commenting on the deal, Mr Clee said: “It was a privilege for our team to assist Xpansiv on this investment which will allow it to expand offerings and accelerate the use of its platform by companies so they can meet environmental and emissions reduction goals.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
