GIC, Sequoia Capital, Primavera Capital’s $1 Billion Investment In Envision Energy International

Herbert Smith Freehills and Appleby advised GIC on the deal.

To mark the start of the 2021 United Nations Climate Change Conference, Envision Group announced the investment of over US$1 billion by Sequoia Capital, GIC Private Ltd, and Primavera Capital.

This is one of the largest net zero investments to date to accelerate the pace of energy transition and explore net zero opportunities through strategic partnerships.

GIC is one of Singapore’s two sovereign wealth funds and among the world’s largest. It joined Beijing-based Primavera Capital and US-based Sequoia Capital in making the investment.

Envision, headquartered in Shanghai, is a leading green technology company that provides renewable power products and services. These include wind and solar power generation systems, hydrogen, batteries and energy management software. It is the world’s fourth largest supplier of wind turbines and has nine technology innovation centres worldwide.

Sequoia Capital is an American venture capital firm.

Primavera Capital is one of the world-leading investment firms based in China.

Calvin Ho (Picture) led the Beijing energy team that oversaw the firm’s involvement in the transaction, assisted by partner Monica Sun, senior associate Jie Li and associate Yunfei Guo. Jamie McLaren and senior associate Victor Chiew advised on the transaction from Singapore. Partner Mathias Dantin led a team in Paris that helped with the transaction and included senior associate Emma France and associates Alexia Pharès, Frédéric Tual, Mael Le Cardinal and Ouerdia Amrouche. Partner Joe Fisher led a team in Tokyo that also advised on the transaction, assisted by associate James Donnelly.

The Appleby Hong Kong team was led by partner Vincent Chan.

Involved fees earner: Vincent Chan – Appleby; Victor Chiew – Herbert Smith Freehills; Mathias Dantin – Herbert Smith Freehills; James Donnelly – Herbert Smith Freehills; Joe Fisher – Herbert Smith Freehills; Emma France – Herbert Smith Freehills; Yunfei Guo – Herbert Smith Freehills; Calvin Ho – Herbert Smith Freehills; Maël Le Cardinal – Herbert Smith Freehills; Jie Li – Herbert Smith Freehills; Jamie McLaren – Herbert Smith Freehills; Alexia Pharès – Herbert Smith Freehills; Monica Sun – Herbert Smith Freehills; Frédéric Tual – Herbert Smith Freehills;

Law Firms: Appleby; Herbert Smith Freehills;

Clients: GIC Singapore Investment Corporation;

Giulia Di Palma

Author: Giulia Di Palma