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ESG investor cornerstones IPO of graphite miner Evolution Energy Minerals
ARCH Emerging Markets Partners was advised on its cornerstone investment by ARCH Sustainable Resources Fund in Evolution Energy Minerals.
Naomi Neilson
Firm: Thomson Geer (ARCH Emerging Markets Partners)
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Deal: Thomson Geer has advised UK-based investment adviser ARCH Emerging Markets Partners on its cornerstone investment by ARCH Sustainable Resources Fund in Evolution Energy Minerals.
Value: Evolution raised $22 million for its listing on the Australian Securities Exchange after being spun out of gold miner Marvel Gold.
Area: IPO.
Key players: The team was led by partners Michael Bowen and Hedley Roost and included special counsel Cameron Bill and lawyer Sarah Urquhart.
Deal significance: The funds raised from the IPO will enable Evolution to continue development of its Chilalo Graphite Project in Tanzania.
Mr Roost said: “We are pleased to have advised ARCH SRF on its first investment as a fund. Over recent times, ESG and ESG compliance has become a touchstone for international market participants, and we expect to see increased activity from ESG funds such as ARCH SRF in Australian capital markets.
“It will be interesting to follow how ESG compliance evolves as investors and shareholders apply pressure on companies to address ESG issues.”
