Allens has advised Kilara Growth Fund on its investment in sustainable packaging business Grounded Packaging.
The investment follows-on from Kilara's initial investment in Grounded. Grounded specialises in providing sustainable and personalised packaging solutions to businesses, specific to different products' needs.
'The Allens team is delighted to continue to work alongside Kilara and advise on another of its sustainable business investments. This investment, and Kilara's impact-focused approach, reflects the increasingly important role ESG is playing in investment decisions,' said Partner Jessica Choong.
'We are excited to team with the Kilara Growth Fund, who recently reported that the mitigation of greenhouse gas emissions by each of its portfolio investments in the past year has placed it in the top quartile of private equity fund managers tracking this data globally,' said Partner Hannah Biggins.
Allens has also recently advised Kilara on a number of its investments, including Wattwatchers (a digital energy platform enabling real-time monitoring and control of energy use), JET Charge (a leading installer of electric vehicle charging infrastructure) and Tasman Environmental Markets (Asia Pacific's largest carbon offset provider).
