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South Pole Carbon buys into Australian CO2 firm

South Pole Carbon buys into Australian CO2 firm

Baker & McKenzie has advised the first foreign company to buy into an Australian CO2 firm.

Firms: Baker & McKenzie (South Pole Carbon and Climate Friendly Pty Ltd)

Deal: Carbon project developer South Pole Carbon acquired a majority stake in Australian carbon offset provider Climate Friendly Pty Ltd

Area: Corporate

Value: Undisclosed

Key players: The Bakers team advising Carbon Friendly was led by partner James Halliday and associate Melinda Tun. The Bakers team advising South Pole was led by partners David Egan, Martijn Wilder and Tim Sherman, who were assisted by associate Michael Dearden.

Deal significance: Baker & McKenzie acted for both the acquirer and the target company

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