Sydney, Australia & San Francisco, New York, United States:
Xpansiv, the premier market-infrastructure platform for international carbon and environmental commodities, as we speak accomplished its acquisition of APX, the chief in registry infrastructure for vitality and environmental markets. The acquisition brings collectively two innovators with the applied sciences and capabilities to empower markets to scale with liquidity and effectivity.
Xpansiv connects consumers and sellers of environmental commodities and gives market knowledge for voluntary carbon offsets, renewable vitality credit (RECs), and low-carbon fuels—all vital parts of decarbonization. Xpansiv’s rising ecosystem helps firms searching for to meet environmental and emissions discount objectives.
Xpansiv and APX are long-term strategic companions, and Xpansiv alternate CBL is absolutely built-in with main registries that function on APX infrastructure. In March 2022, Xpansiv acquired a 20% minority possession curiosity in APX.
Earlier this month, Blackstone introduced that funds managed by Blackstone Energy Partners (“Blackstone”) dedicated $400 million to lead a strategic funding in Xpansiv. Blackstone’s capital injection enabled Xpansiv to full the APX acquisition.
“The APX addition enables integration across the environmental commodities lifecycle,” stated Xpansiv Chief Strategy Officer Nathan Rockliff. “From registry infrastructure to portfolio management, exchange, and market intelligence, we help companies efficiently meet their environmental commitments with the required scale and transparency.”
“Over the years partnering with Xpansiv, our firms have come to share a common vision for high-integrity, scalable market infrastructure,” stated APX CEO Joe Varnas. “With our combined capabilities, we’re empowering the world’s transition to clean energy and sustainability.”
“We’re happy to enhance our buyer choices on this house to embrace APX’s spectacular registry instruments and providers,” stated Xpansiv President and COO John Melby. “By expanding our already robust infrastructure, we’re giving market participants the innovative tools needed to scale, and the platform to support their ESG and climate goals.”
Perella Weinberg Partners LP is performing as unique monetary adviser to Xpansiv, and Venable LLP is performing as its authorized adviser. Goldman Sachs & Co. LLC is performing as unique monetary adviser to APX, whereas DLA Piper is performing as its authorized adviser.
About Xpansiv
Xpansiv gives the market infrastructure and knowledge platform for carbon, renewable, and digital vitality commodities. These Intelligent Commodities convey transparency and liquidity to markets, empowering individuals to worth vitality, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The firm’s principal business models embrace CBL, the biggest spot alternate for ESG commodities, together with carbon, renewable vitality certificates, and Digital Natural Gas; H2OX, the main spot alternate for water; XSignals, which gives end-of-day and historic market knowledge; EMA, the main multi-registry portfolio administration system for all environmental commodities; and APX, the main supplier of registry infrastructure for vitality and environmental markets. Xpansiv is the digital nexus the place sustainability and value indicators merge. Xpansiv.com
About APX
APX is the main supplier of revolutionary know-how and dynamic end-to-end service options for environmental commodity and energy markets. The firm’s 25-year historical past and experience spans carbon and renewable vitality credit score markets, sustainable commodity markets, energy technology asset administration, bodily energy markets, and demand response program administration. In this capability, APX serves a various set of purchasers globally, together with requirements our bodies, regulators, authorities entities, and NGOs. Headquartered in San Jose, California, APX is devoted to offering modern market options on a basis of belief, integrity, and expertise. APX.com
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