Axios Pro: Climate Deals

November 04, 2022

Axios Pro Exclusive Content

Good morning and Happy Friday!

Situational awareness: EV maker Polestar has raised $1.6 billion from its two major shareholders: Volvo and PSD Investment Ltd., the entity controlled by Chinese billionaire Li Shufu.

1. Climate Deals' merger Monday

Illustration: Sarah Grillo/Axios

Oct. 31 — Verisk agreed to sell Wood Mackenzie to Veritas Capital for around $3.1 billion.

Why it matters: The deal is a strong endorsement for the business that WoodMac has built, and it underscores the demand behind research and analytics for the renewable energy sector — a major part of the company's business, Axios' Michael Flaherty wrote.

Flashback: In 2012, private equity firm Hellman & Friedman agreed to buy WoodMac for £1.1 billion.

Read more on this and the rest of Monday's Climate Deals newsletter

Plus: Monday's ProRata, discussing antitrust scrutiny on private equity

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