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Mirova Enters Negotiations with Althelia Ecosphere to Create ‘European Platform Dedicated to Natural Capital Investing’

June 30, 2017 |

This article was originally published on Business Wire

“Mirova, an affiliate of Natixis Global Asset Management dedicated to responsible investing, has entered into discussions to acquire a majority equity interest in London-based impact investment manager Althelia Ecosphere (Althelia).

Althelia is dedicated to sourcing and financing sustainable land use, biodiversity, and ecosystem-based climate activities, with an emphasis on blended value investments that deliver the highest caliber social, environmental and economic performance.

The planned acquisition of Althelia would represent a major step forward in Mirova’s ambition to become a leading sustainable alternative asset manager. The combined firm would create a European platform dedicated to natural capital investing, operating from London and Paris. It would strive to develop innovative investment solutions, through the financing of activities addressing major global environmental challenges such as climate change, protection of landscapes, biodiversity, soil and marine resources. The natural capital platform would benefit from Althelia’s technical experience, recognized know-how and four-year track-record in conservation finance – a great addition to Mirova’s existing project finance capabilities as well as their environmental, social, and supply chain experts. Put together, these resources would provide the strategic vision for growth, strong investment processes, and support functions needed to scale up this natural capital investing business…”

Read on at: Business Wire.

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