As part of the investment, 22C Capital, a US-based data and analytics fund led by Capital IQ co-founder Randall Winn, will invest alongside CGE, and Steve Halliday, an industry leader in the energy data space, will also be investing and joining Aurora's board as Chairman.
Ashurst worked closely with Aurora's financial adviser, Houlihan Lokey, in advising Aurora's shareholders from the inception of the transaction through to completion. The Ashurst team was led by corporate partners Nick Rainsford and Braeden Donnelly, with support from associates Lauren Garrett, Sara Hamzawi and Annie Ball. Partner Nicholas Stretch and senior associate Rebecca Servian advised on incentive matters, partner Alexander Cox and senior associate Sara Mardell advised on tax and partner Ruth Buchanan and associate Hamish Mishra advised on employment aspects. In Frankfurt, partner Benedikt von Schorlemer advised on German matters, and in Sydney partner Stuart Dullard and senior associate Jared Nickig advised on Australian elements.
Aurora, headquartered in Oxford, with additional offices in Berlin and Sydney, delivers sufficiently rigorous and accurate forecasts to be bankable across a number of regions, meaning its work is used to drive commercial lending and investment decisions; national policy formulation; and planning regarding the ongoing energy transition away from fossil fuels. Aurora has had impressive growth to date and will continue its international expansion and new product development initiatives with the assistance of CGE, who is focussed on helping Aurora become the global leading provider of specialist data analytics on energy pricing.
Ashurst is pleased to have advised Aurora, whose proven thought leadership and analytics solutions help its international clients successfully navigate the world’s transition to a sustainable, low carbon energy system, and looks forward to its next phase of growth.
