G+T advised KKR on its investment in GreenCollar, a leading Australian environmental markets business. This marks the first Australian investment by KKR’s US$1.3 billion Global Impact Fund.
KKR’s Global Impact Fund aims to generate private equity risk-adjusted returns by investing in companies that contribute measurable progress toward one or more of the United Nations Sustainable Development Goals.
GreenCollar specialises in land-based carbon abatement, partnering with landowners across Australia to develop projects that generate carbon credits and have positive environmental impacts. GreenCollar has a strong track record of participating in auctions for the sale of carbon credits to the Commonwealth Government via the $2 billion Emissions Reduction Fund.
Corporate Advisory Partner Alex Kauye said: “From our close relationship with KKR, we know that impact investing is an area they are committed to and very passionate about. It has been a pleasure to work with the dedicated Global Impact team from KKR’s Singapore and Sydney offices to complete this milestone transaction. We look forward to watching GreenCollar’s business continue to thrive under this new partnership.”
The Gilbert + Tobin team was led by Corporate Advisory Partner Alex Kauye with support from Matthew Ampt, Ciara Coleman, Alon Takac, Stephanie Kolaczkos, Travis Cordingley, Rose Burnfield and Matthew Scrocca.
Gilbert + Tobin’s market-leading Corporate Advisory team regularly advises on many of Australia’s largest and most innovative transactions, including advising KKR on the proposed acquisition of a majority interest in Colonial First State, AB InBev on the $16 billion sale of Carlton & United Breweries to Asahi (the largest M&A transaction last year), DuluxGroup on its $3.8 billion acquisition by Nippon Paint and KKR on the $2.1 billion acquisition of MYOB.