spot_img
Monday, September 26, 2022
spot_img

KWM helps Portobello with the launch of €50m VC fund

King & Wood Mallesons has advised Portobello Capital on the registration of a fund, along with Repsol, to invest in reforestation projects for the generation of CO2 absorption projects

-

Repsol will be the advisor to a Venture Capital fund, which has just been registered with the CNMV by Portobello Capital to invest in projects aimed at reforestation and decarbonisation of the planet.

The fund is part of the agreement that Portobello established last year with Indosuez, the private banking arm of Crédit Agricole. In 2019, they created a co-investment vehicle and now they are extending the alliance to renewables, incorporating Repsol for social impact funds. This is how it appears in the venture capital company created by the three parties, which has just been approved by the CNMV.

The fund will have a size of around €50 million, and the objective is to take “temporary stakes in companies whose corporate purpose and main activity is to invest in reforestation projects for the generation of CO2 absorption projects, the purchase and sale of CO2 credits on the voluntary market, on land identified as suitable for the planting of forests that absorb CO2, in order to generate CO2 absorption projects that can be marketed”, according to the prospectus sent to the CNMV. The investment period will be a maximum of five years and the invested companies will be located in Spain and Portugal.

KWM´s Funds team was formed by partner Ildefonso Alier, along with associate Arie Scharf.

MOST READ NEWS

Vicente López-Ibor Mayor, Top Energy Lawyers Tribute `HONOUR AWARD´ 2022

Legal Dealmaker is happy and proud to announce that Vicente López-Ibor Mayor, President of the European Federation of Energy Law Associations (EFELA) and President...

RyC secures art restitution seized in Civil War

A Ramón y Cajal Abogados´ Art Law, led by partners Rafael Mateu de Ros and Patricia Fernández Lorenzo, succeeded in getting the Ministry of...

Legal Dealmaker to celebrate the excellence of the Legal sector in the Energy industry of Spain

As announced, Legal Dealmaker will recognise the enormous talent and practice excellence in the Legal-Energy sector in Spain. This happens after Legal Dealmaker’s selection...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
error: