Global law firm Ashurst has advised Xpansiv as lead counsel on its 100% acquisition of Evident Group, combining their complementary registry and infrastructure capabilities to support the further growth of global renewable energy markets. This follows Xpansiv's acquisition of a minority interest in Evident announced in January 2024, on which Ashurst also advised.
Xpansiv operates the market infrastructure to scale the world's energy transition, including renewable energy certificate (REC) registries North American Renewables Registry (NAR) and Tradable Instrument for Global Renewables Registry (TIGR), as well as CBL, the largest spot exchange for environmental commodities, while Evident is a global authority in the certification of the clean economy and operates several registries including its namesake I-REC(E) registry.
The acquisition creates a world-leading clean energy registry network, uniting the renewable energy certificate registries of Evident and Xpansiv with a global capacity of over 300 GW.
The Ashurst team was led by Tech M&A partner Chris Grey, with lead senior associate Dillon Fuzi. The corporate team also included senior associate Lottie White and associate Daniella Zecchino. Partner Ruth Buchanan and senior associate David Pemberton advised on employment advice. Incentives advice was provided by counsel John Papadakis. Antitrust advice was provided by partner Duncan Liddell and associate Philippa Stacey. Tax advice was provided by partner Nicholas Gardner and associate Monique Thompson. Dispute resolution advice was provided by partner Tim West and senior associate Louise Duffy.
