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Investing.com -- TPG Rise Climate, the climate investing platform of global alternative asset management firm TPG Inc, is set to acquire a majority stake in Aurora Energy Research. The announcement was made today in conjunction with CGE Partners, a private equity investor specializing in high growth information and software businesses, and 22C Capital.
Aurora Energy Research, established in 2013, offers vital intelligence to energy market participants, governments, and investors through its proprietary data, analytics, and software platform. Since CGE led the management buyout in 2020, Aurora has evolved from a UK-based advisory firm into a global energy intelligence platform. It now serves over 1,000 institutions across more than 40 markets, with 17 offices in 14 countries.
In this transaction, CGE will significantly reinvest, reflecting its confidence in Aurora’s ongoing growth. Aurora’s CEO, John Feddersen, will also make a substantial investment alongside 22C Capital.
John Feddersen, Founder and CEO of Aurora, expressed excitement about the next chapter for Aurora. He acknowledged the transformative partnership with CGE and 22C, which helped Aurora evolve from a UK-focused firm into a global software and data analytics platform at the heart of the energy transition. He also expressed optimism about partnering with TPG Rise Climate to continue innovating for their clients and deepening their impact in energy markets worldwide.
The deal showcases CGE’s ability to identify high-potential businesses and work with exceptional management teams to scale businesses into leaders in their sectors. CGE, in collaboration with Aurora’s management team and 22C Capital’s operational expertise, has supported the Company’s software-led transformation, sharpened its execution, and unlocked scalable growth. This sets the foundation for continued operational excellence and international expansion.
Nick Heslop, Managing Partner at CGE, praised Aurora’s transformation into a global leader in energy market intelligence, attributing it to its exceptional leadership team and the strength of their partnership.
Ed Beckley, Managing Partner at TPG Rise Climate, highlighted the significance of Aurora’s service offering in meeting increasing power demand globally. He anticipates strong growth prospects in the US, Asia, and beyond. Jamie Gilbert, Business Unit Partner at TPG Rise Climate, echoed these sentiments, emphasizing the strategic differentiator that increased visibility into data and analytics for the power industry will continue to be.
Kevin Black, Partner at 22C, expressed excitement about being part of Aurora’s next growth phase after a successful five-year collaboration to enhance the company’s analytics platform and facilitate its global expansion.
Arma Partners advised Aurora, CGE, and 22C on the sale. The transaction is subject to customary closing conditions and regulatory approvals.
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