International legal practice Osborne Clarke has advised the management team of A-Gas, a global leader in the supply and lifecycle management of refrigerant gases, on its majority stake sale to climate investing strategist TPG Rise Climate.
KKR, A-Gas' majority owner, will remain a significant minority shareholder in the business, continuing to work in collaboration with TPG Rise Climate and the A-Gas Leadership Team.
A-Gas has been at the forefront of capturing refrigerant gas for future re-use or safe destruction for over thirty years, creating a closed-loop system that prevents harmful release of gas into the atmosphere. The company supports its clients on their environmental journeys by supplying lower global warming gases and actively increasing the circularity of the industries they serve, building a sustainable future.
With the backing of TPG Rise Climate, A-Gas plans to further scale operations globally, meeting the growing demand for refrigerant use and further establishing a more sustainable and circular refrigerant gas value chain.
The Osborne Clarke team advising on this transaction was led by Private Equity Partners Alisdair Livingstone and James Taylor, and Senior Associate Jack Wellington.
Osborne Clarke has an established and well-respected position as one of the leading law firms advising businesses focussed on sustainability. For over twenty years, it has helped clients to seize new opportunities and meet the challenges of making processes more clean, affordable and secure. More widely, as businesses strive to meet the challenges of decarbonisation, the team's experience and understanding of this sector also means they are well placed to advise on all types of companies' decarbonisation journeys.
The firm also has deep experience in acting for management teams, with a specialist team of lawyers who specialise in, and are focused on, supporting management teams with the complexities of a private equity investment. Osborne Clarke's dedicated team of specialist management advisory lawyers works side by side with clients through every aspect of the transaction, from initial discussions, the preparation and agreement of equity terms sheets, selecting a preferred financial sponsor through to deal execution.
