Associated tags: Climate, Partner, Treasury, TPG, Partner (business rank), Renewable energy, Carbon, Environment, Agriculture, Climate change, Ministry of Agriculture, Nature and Food Quality, Executive, Energy, Kirkland & Ellis
Retrieved on:
Wednesday, October 11, 2023
Finance,
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Testing, inspection and certification,
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Certification TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, today announced that it has signed a definitive agreement to acquire AmSpec Group, Inc. (“AmSpec”), one of the fastest growing Testing, Inspection, and Certification (“TIC”) companies specializing in energy, commodities, and fuels.
Key Points:
- TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, today announced that it has signed a definitive agreement to acquire AmSpec Group, Inc. (“AmSpec”), one of the fastest growing Testing, Inspection, and Certification (“TIC”) companies specializing in energy, commodities, and fuels.
- AmSpec’s existing majority shareholder, Olympus Partners, will retain a minority interest in the company.
- AmSpec’s core service involves testing and certifying the performance and emission qualities of fuels or commodities at each stage along the value chain.
- Goldman Sachs and Baird served as financial advisors and Morgan Lewis served as legal counsel to AmSpec in relation to the transaction.
Retrieved on:
Thursday, August 17, 2023
Energy,
Utilities,
Oil,
Gas,
Zhongman Petroleum and Natural Gas Group,
Private equity,
Partnership,
Climate,
Simpson Thacher & Bartlett,
KKR,
LDC,
Carbon,
Global warming potential,
TPG,
Citigroup,
Climate change,
EBITDA,
Acquisition,
Goldman Sachs,
Growth,
CO2,
Renewable energy A-Gas, the global leader in the supply and lifecycle management of refrigerant gases, today announced that its owners, including majority owner KKR, have entered into a definitive agreement to sell a majority stake in the company to TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform, TPG Rise.
Key Points:
- A-Gas, the global leader in the supply and lifecycle management of refrigerant gases, today announced that its owners, including majority owner KKR, have entered into a definitive agreement to sell a majority stake in the company to TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform, TPG Rise.
- KKR will remain a significant minority shareholder in the business, continuing to work in collaboration with TPG Rise Climate and the A-Gas Leadership Team.
- Goldman Sachs International acted as financial advisor to A-Gas and KKR, while Simpson Thacher & Bartlett acted as KKR’s legal advisor.
- The transaction marks a full exit for minority investor, LDC, following a successful 12-year strategic partnership.
Retrieved on:
Wednesday, April 26, 2023
Other Energy,
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Energy,
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BofA Securities,
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Research,
TPG,
PEM,
Skadden, Arps, Slate, Meagher & Flom,
LCOH,
Climate,
Safety,
Barclays,
Renewable energy Ohmium International (“Ohmium”), a leading green hydrogen company that designs, manufactures, and deploys advanced proton exchange membrane (PEM) electrolyzer systems, today announced the close of a $250 million Series C growth equity financing.
Key Points:
- Ohmium International (“Ohmium”), a leading green hydrogen company that designs, manufactures, and deploys advanced proton exchange membrane (PEM) electrolyzer systems, today announced the close of a $250 million Series C growth equity financing.
- The round was led by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, and also included participation from Hanover Technology Investment Management and existing investors Energy Transition Ventures and Fenice Investment Group.
- The investment will also provide significant capital to scale Ohmium’s business, including accelerating its pioneering research and development programs to reduce the cost of green hydrogen production.
- “Green hydrogen is critical to the rapid decarbonization of hard-to-abate sectors,” said Ahmad Chatila, Chairman and founding investor of Ohmium and Managing Partner of Fenice Investment Group.
Technology,
Environment,
Alternative Energy,
Energy,
Software,
Climate Change,
Energy Information Administration,
Ecosystem,
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Engineering,
Growth,
Small business,
Latham & Watkins,
Intelligence,
Bank of America,
TPG,
Partnership,
Maintenance,
Climate,
Bank,
Solar energy,
Renewable energy,
Palmetto The investment was provided by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise.
Key Points:
- The investment was provided by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise.
- Palmetto manages the end-to-end residential solar process with a fully enabled operating platform that handles sales, design, engineering, permitting and fulfillment.
- “We are thrilled to announce this partnership today with TPG Rise Climate as we take another step in our long-term journey in the energy revolution,” said Chris Kemper, Founder and Chief Executive Officer at Palmetto.
- The strategic investment creates the potential for Palmetto to leverage that ecosystem and create synergies to accelerate its growth and expansion.
Retrieved on:
Tuesday, November 29, 2022
Professional Services,
Recycling,
Environment,
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Carbon,
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Honeywell,
Delhi Sikh Gurdwara Management Committee,
Global warming potential,
McKinsey & Company,
High-integrity pressure protection system,
RCT,
Dow Inc.,
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TPG,
General Electric Company,
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J. P. Morgan,
TD,
Climate change,
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Cushman & Wakefield,
Hertz,
Partner (business rank),
COP27,
Chairperson,
Partner,
Partnership,
2007 Nobel Peace Prize,
Treasury,
Event Marketing Solutions,
Friction,
PBC,
SMBC,
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Momentive,
NGP,
Isabella Tree,
Intergovernmental Panel on Climate Change,
Finucane,
Former Bank of England, Bristol,
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Sumitomo Mitsui Banking Corporation,
Rubicon,
Renewable energy,
Growth,
Genesys Rubicon Carbon (Rubicon or the Company) today announced its launch as a market-based products and solutions platform to help lead the next generation of the carbon market.
Key Points:
- Rubicon Carbon (Rubicon or the Company) today announced its launch as a market-based products and solutions platform to help lead the next generation of the carbon market.
- Rubicon is led by a management team who bring deep expertise in business building, markets, sustainability, and carbon finance.
- Rubicons initial product, the Rubicon Carbon Tonne (RCT), provides enterprise customers access to proprietary sets of both nature-based and non-nature-based carbon credits.
- As channel partners, Rubicon and Anew have a shared mission to expand the carbon market and make carbon products more accessible.
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NextEra Energy Resources,
Industry,
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Carbon,
Natural gas,
Renewable energy,
Oil,
Monolith LINCOLN, Neb., July 14, 2022 /PRNewswire/ -- Monolith, a global leader in clean hydrogen, carbon black and ammonia, today announced its latest investment round of more than $300 million. Led by TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise, with Decarbonization Partners, a partnership between BlackRock and Temasek, as co-lead, the investment marks the latest milestone in the company's global decarbonization efforts. Additional investment was also received from NextEra Energy Resources, SK, Mitsubishi Heavy Industries America and Azimuth Capital Management. The existing investor group, including Azimuth Capital Management, Cornell Capital and Warburg Pincus will retain their majority ownership stake in the company.
Key Points:
- Led by TPG Rise Climate , the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise, with Decarbonization Partners , a partnership between BlackRock and Temasek, as co-lead, the investment marks the latest milestone in the company's global decarbonization efforts.
- "Global decarbonization by 2050 will require bold steps and transformational partnerships, which we believe we've found in working with TPG Rise Climate and Decarbonization Partners," said Rob Hanson, co-founder and CEO, of Monolith.
- This latest round of funding will be applied toward further technological development that will offer next generation product capabilities and other corporate-level expansion.
- TPG Rise Climate is the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise.
Water,
Intersection,
Melinda Haag,
CEO,
Achievement,
Partner (business rank),
Adoption,
Energy certificate,
Climate change,
PV,
Climate,
PJT Partners,
Population,
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SAN,
Trilantic Capital Partners,
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BofA Securities,
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Solution,
Executive,
GW,
Multimedia,
Electricity,
Renewable energy,
Public utility,
Green belt ("CAI"), and Trilantic Energy Partners North America ("Trilantic").
Key Points:
- ("CAI"), and Trilantic Energy Partners North America ("Trilantic").
- This growth equity investment will provide significant capital to scale Intersect Power's business including the Company's renewable energy portfolio and new product pipeline in the rapidly expanding clean energy sector.
- Trilantic Capital Management L.P. ("Trilantic North America") is a growth-focused middle market private equity firm focused on control and significant minority investments in North America.
- The Greenbelt investment team recently spun out of Trilantic North America and continues to serve as advisors to Trilantic North America and its managed funds.
Carbon,
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AMES We are excited to announce TPG Rise Climate's investment and to welcome them as partners in Summit Carbon Solutions," said Bruce Rastetter, CEO of Summit Agricultural Group.
Key Points:
- We are excited to announce TPG Rise Climate's investment and to welcome them as partners in Summit Carbon Solutions," said Bruce Rastetter, CEO of Summit Agricultural Group.
- "We could not be more pleased to have TPG Rise Climate as an investor in Summit Carbon Solutions.
- We are proud to join Summit Carbon Solutions and other high-caliber investors to bring TPG Rise Climate's unique skillset to this ambitious, first-of-its kind project," said Mike Stone, Chief Investment Officer of TPG Rise.
- TPG Rise Climate is the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise.
Retrieved on:
Wednesday, April 27, 2022
Professional Services,
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TPG,
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Partner (business rank),
Renewable energy,
Growth TPG, a leading global alternative asset management firm, today announced the $7.3 billion final close of TPG Rise Climate, the dedicated climate investing strategy of its global impact investing platform TPG Rise.
Key Points:
- TPG, a leading global alternative asset management firm, today announced the $7.3 billion final close of TPG Rise Climate, the dedicated climate investing strategy of its global impact investing platform TPG Rise.
- Since launching in 2021, TPG Rise Climate has been rapidly deploying capital through growth-stage investments in innovative climate solutions.
- The climate crisis is accelerating and we are proud to be confronting it with substantial capital and action, said Jim Coulter, TPG Founding Partner and Managing Partner of TPG Rise Climate.
- TPG Rise Climate is the dedicated climate investing strategy of TPGs global impact investing platform TPG Rise.
Retrieved on:
Wednesday, April 20, 2022
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Renewable energy JetBlue Technology Ventures (JTV), the corporate venture capital subsidiary of JetBlue Airways (NASDAQ:JBLU), is continuing its commitment to creating a more sustainable travel industry through its investment as a limited partner in TPG Rise Climate , the climate investing strategy of TPGs global impact investing platform TPG Rise.
Key Points:
- JetBlue Technology Ventures (JTV), the corporate venture capital subsidiary of JetBlue Airways (NASDAQ:JBLU), is continuing its commitment to creating a more sustainable travel industry through its investment as a limited partner in TPG Rise Climate , the climate investing strategy of TPGs global impact investing platform TPG Rise.
- We are delighted to have JetBlue Technology Ventures join TPG Rise Climate as we work together to scale technology and solutions that have the ability to meaningfully reduce global greenhouse gas emissions.
- TPG Rise Climate is the dedicated climate investing strategy of TPGs global impact investing platform TPG Rise.
- Jim Coulter, TPG Founding Partner and Executive Chairman, serves as Managing Partner of TPG Rise Climate.
