Squire Patton Boggs has advised the senior management team of Anthesis, a leading global pure-play sustainability advisory and solutions firm, on the acquisition of a majority stake in the company by global investment firm Carlyle (NASDAQ: CG). Carlyle will be investing alongside Anthesis’ employee shareholders, with existing shareholder, Palatine, reinvesting for a minority stake.
Corporate partners Julian Ciecierski-Burns and Ben Squires in London led the multi-practice Squire Patton Boggs team advising Anthesis’ senior management team on the transaction.
Anthesis has one of the largest groups of dedicated sustainability professionals globally. Since it was established in 2013, Anthesis has grown to more than 1,000 experts, through organic growth and strategic acquisitions. Over the last 10 years, the company, which has achieved B Corp certification, has built deep and broad expertise in analyzing, designing and implementing impact-led sustainability, ESG, and net zero programmes for over 4,000 clients across corporates, financial and governmental institutions, delivered by a high-quality team of over 1,250 specialists across 39 offices in 22 countries.
Carlyle is a global investment firm with US$381 billion of assets under management as of March 31, 2023, employing more than 2,200 people in 29 offices across five continents. Equity for the investment will be provided by the Carlyle Europe Partners (CEP) platform, which will support Anthesis to build upon its industry-leading position in end-to-end sustainability solutions through international expansion, broadening the company’s service offering and continuing its successful track record of M&A. This transaction also strengthens Carlyle’s firm-wide commitment to demonstrating leadership around critical ESG issues, and to create and execute increasingly more effective decarbonization strategies to build value across investments.