White & Case advises ARCH Emerging Markets Partners on investment by Norfund and KPL in CrossBoundary Energy
1 min read
Global law firm White & Case LLP has advised ARCH Emerging Markets Partners Limited (ARCH) on the joint investment by Norfund, the Norwegian investment fund for developing countries, and KPL, Norway's largest pension fund, in CrossBoundary Energy, a leading developer, owner and operator of distributed renewable energy solutions in Africa.
CrossBoundary Energy is a leading developer, owner and operator of distributed renewable energy solutions for businesses across Africa, providing solar PV, battery energy storage and wind assets through power purchase and lease agreements across 14 countries on the African continent. The investment from Norfund and KLP will be used to further scale CrossBoundary Energy.
Founded in 2018 as a partnership between African Rainbow Capital Proprietary Limited and JCH & Partners LLP, ARCH Emerging Markets Partners Limited is an emerging markets investment advisory firm specialising in private equity opportunities with an initial focus on energy and logistics in developing economies. Through its dedicated Africa Renewable Power Fund, ARCH's mission is to create long term value for its stakeholders while addressing the African market's growing demand for bankable, de-risked electricity generation.
White & Case previously advised ARCH on its investment in CrossBoundary Energy in 2020.
The White & Case team in London which advised on the transaction was led by partner Ken Barry and included partners Victoria Landsbert and Will Smith and associates Oji Adoh, Charlotte Deans and Lily Teh.
For more information please speak to your local media contact.