Azora has confirmed it is planning to launch a new private equity fund to invest €250 million of growth equity in European companies that provide solutions for the decarbonisation of real assets.
The Azora European Climate Solutions Fund intends "to leverage Azora’s broader real asset footprint to identify companies and accelerate their growth within Azora’s portfolio," the company said in a statement.
CBRE is serving as the strategic advisor to Azora and will assist in the identification of opportunities and value creation strategies by leveraging its European platform of assets
The strategy will be focused on targeting lower mid-market businesses - up to €10 million in annual EBITDA -across three key themes: urban solutions, energy solutions, and sustainable agriculture
Azora is targeting €250 million of capital commitments to be invested across 10-12 portfolio companies, with average ticket sizes ranging between €10-40 million.
So far, Azora has made two investments under this strategy: the acquisition of a strategic stake in ISFA, a Spanish company that has developed a sustainable almond farming practice; and the most recent investment in Abatable, a London-based carbon procurement and market intelligence technology company that helps businesses connect and transact with carbon project developers to offset their carbon emissions.
