Ashurst advises Bullfinch Asset AG on a joint venture with Impax Asset Management

Ashurst advised Bullfinch Asset AG (bullfinch) on a joint venture with Impax Asset Management (Impax) to invest in the German and decentralised renewable energy sector. bullfinch and Impax have set up "Greenfinch", a joint venture company with the goal of making common investments in renewable energy projects based on photovoltaic, battery and smart meter technologies thus contributing to the decarbonisation of the real estate sector.

The projects shall benefit from bullfinch’s cloud-based Clean-Energy-as-a-Service technology platform. The platform enables the bundling, financing, standardisation and management of sustainable building and facilities infrastructure. In connection with the joint venture, a fund managed by Impax has also acquired an interest in bullfinch underlining the strategic dimension of the partnership.

bullfinch, based in Frankfurt am Main, was founded in 2019. The company is committed to a world powered by renewable energy. Through partnerships with institutional investors and innovative energy hardware providers, they bridge the gap between capital and opportunity, enabling the accelerated global transition to clean energy. Impax is a UK specialist asset manager investing in the transition to a more sustainable global economy. Today, Impax is one of the largest investment managers dedicated to this area.

Founded in 1998, Impax is a specialist asset manager, with £41.4 billion / US$55.9 billion (as of 31 December 2021) in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.

The Ashurst team consisted of partner Matthias von Oppen and counsel Dr Valentin Pfisterer (both Corporate Transactions, Frankfurt).