13 July 2022
Clifford Chance advises Xpansiv on Blackstone's US$400 million investment in its global carbon and environmental commodities exchange platform
Leading international law firm Clifford Chance has advised Xpansiv Limited (Xpansiv) on the Australian law aspects of Blackstone's US$400 million investment into Xpansiv's market-infrastructure platform for global carbon and environmental commodities.
Partner David Clee who led on the deal 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."
David worked with partners Elizabeth Hill and Mark Gillgren, counsel Cameron Reeves, senior associates Zoe Anderson and Michael Fitzpatrick and associate Mathew Kambos.
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 are critical elements of global decarbonisation.