TPG Rise forms a strategic partnership with KKR to invest in A Gas

TPG Rise forms a strategic partnership with KKR to invest in A-Gas

TPG Rise Climate, the climate investing platform of TPG, and KKR, a leading global investment firm, have formed a strategic partnership to invest in A-Gas, a leading provider of industrial carbon capture and storage (CCS) solutions.

UK Private Equity News

The partnership will support A-Gas’s growth and expansion into new markets, as well as the development of new CCS technologies.

Mattia Caprioli, Co-Head of European Private Equity at KKR, commented:

“A-Gas plays a critical role in the circular economy for refrigerant gases, and in supporting environmental targets to fight climate change and global warming.

We have been proud to work with Jack Govers and the A-Gas team over the past years, building market-leading capabilities for the recovery and reclamation of used gases, and positioning the business to benefit from future growth in gas reclamation and destruction opportunities globally. We believe the addition of TPG Rise Climate’s market expertise, particularly in the US carbon credit market, is a great fit for the future, and we look forward to working alongside Joerg, Jack and their respective teams to continue to build on A-Gas’s unique proposition globally.”

TPG Rise forms a strategic partnership with KKR to invest in A Gas

Image: A Gas

The transaction is expected to close in the second half of 2023.

CCS is a key technology for decarbonizing the industrial sector, which is responsible for a significant portion of global greenhouse gas emissions.

A-Gas has developed a proprietary CCS technology that is scalable and cost-effective.

The company has already deployed its technology at several industrial sites in Europe.

The partnership between TPG Rise Climate and KKR will help A-Gas accelerate its growth and become a leading global provider of CCS solutions.

The investment is also a sign of the growing interest in CCS from the private sector.In addition to the financial investment, TPG Rise Climate and KKR will provide A-Gas with strategic support and expertise. TPG Rise Climate has a long track record of investing in climate solutions, while KKR has a deep understanding of the industrial sector.

The partnership between TPG Rise Climate and KKR is a significant development for the CCS industry.

It demonstrates the growing commitment of the private sector to decarbonization and the importance of CCS as a key technology for achieving net-zero emissions.

Here are some of the potential benefits of the partnership:

  • It will help A-Gas accelerate its growth and expansion into new markets.
  • It will support the development of new CCS technologies.
  • It will bring together the expertise of TPG Rise Climate and KKR to help A-Gas achieve its goals.
  • It is a sign of the growing interest in CCS from the private sector.

Latest Private Equity News

UK Private Equity News