HSF takes on $75m green investment deal

The transaction is helping to drive innovation in sustainable practices

HSF takes on $75m green investment deal

Herbert Smith Freehills (HSF) has advised the Clean Energy Finance Corporation on a $75m equity investment deal in the Macquarie Pastoral fund.

The investment supports the reduction of methane intensity in the agricultural sector by at least 30% by 2030. To reach this goal, CEFC intends for Macquarie-owned Paraway Pastoral Company to invest in new technologies and practices to reduce emissions as the fund manager. Progress will be shared with industry stakeholders.

HSF partner Fiona Smedley and special counsel Yorick Ng assisted CEFC on the transaction.

“We are proud to continue supporting the CEFC in undertaking its important clean energy investment work, this time in the agricultural sector – a sector which contributes to a significant proportion of Australia’s emissions,” Smedley said. “This investment adds to the growing pool of institutional investments we are seeing that are driving innovation and leadership in sustainable and energy-efficient practices.”

The Macquarie Pastoral fund is the latest of many equity investments the firm has advised CEFC on. Earlier ones include a transforming farming platform managed by Gunn Agri Partners, Adamantem’s private equity fund, Mirvac’s build-to-rent club, the Australian Renewables Income Fund, and the Ellerston 2050 fund.

Recent articles & video

Clyde & Co debuts global network to battle cyber crime

Corrs helps Coles with $300m sale of fuel and convenience retailing business

Holding Redlich First Nations advisor: Don’t put your blinkers on

Ashurst announces board appointments

Torres Strait Islanders trump federal government in historic human rights case

IBA Women Lawyers Committee launches toolkit to close gender gap in the legal profession

Most Read Articles

The top legal employers in Australia for 2022

White & Case appoints antitrust partner from Allen & Overy

Mills Oakley snaps up Vardanega Roberts in boost to insurance offering

Disability discrimination law expert to lead ACT Law Society