Polaris takes over the management of investments and businesses in the Danish management company Core Sustainability Capital (“CS Capital”).
CS Capital was formed by Velliv in 2022 to promote sustainable development through investment in and lending to Nordic companies within renewable energy, energy optimisation, resource efficiency and social balance. Velliv’s investments through CS Capital have been made as minority equity investments and sustainability-related financing. Since its formation, the company has invested in Hoyer Group, Norne Carbon Storage Hub and Scanmetals, among others.
The agreement is subject to the usual public authority approvals, and the acquisition is expected to be completed in early 2025.
Accura advised Polaris in connection with the transaction.