MoFo Represents Xpansiv in $400M Blackstone-Backed Investment

Morrison Foerster represented Xpansiv Limited, an Australian company with offices in Sydney, New York, San Francisco, Seattle, Houston, Vancouver, London, Milan and Bendigo, in securing new $400 million convertible debt financing dollars from affiliates of Blackstone Energy Partners (“Black Stone”).

Xpansiv offers a market infrastructure platform for global carbon and environmental products, as the company connects buyers and sellers of environmental products and provides market data for voluntary carbon offsets, carbon credits and credits. renewable energy (REC) and low-carbon fuels, each of which is critical to global decarbonization. Xpansiv’s growing ecosystem supports companies seeking to achieve their environmental and emissions reduction goals.

Blackstone’s capital will allow Xpansiv to continue to drive growth through its organic initiatives and future acquisitions.

The MoFo team advising Xpansiv was led by San Francisco partner Suz Mac Cormac, San Diego partner Shai Kalansky, San Francisco attorney Eric Min and Washington, DC partner Thomas Good. The team also included San Francisco partners Rohit Sengupta, Jack Bai, Olga Terets, Benjamin TR Fox and Michael Santos, London partner Amber Pledge, San Diego partner Carey Hughes and New York partners Blaire Rose and Philip Jaworskyj.

For more details on the transaction, see the press release.

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