Carbon trading infrastructure business Xpansiv has reeled in Bank of America and Goldman Sachs as debut investors alongside top-ups from Aware Super and others, as it rules off a $US125 million ($181 million) equity raising.
Xpansiv is understood to have fetched a $2 billion valuation in the latest round, which is close to the $US1.4 billion thatThe raise comes after Street Talk spotted Aware Super, New York-based Atlas Merchant Capital and European private equity firm Vitruvian Partners shopping for a. Terms sent out at the time included a management selldown.
Goldman Sachs and Bank of America made the investments out of their US-based global capital markets units. They are joined on the register by Xpansiv’s old-timers BP Ventures, SThe raising coincides with Xpansiv’s acquisition of Evolution Markets, a carbon, renewables and energy broker, which was announced in August.
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