Dentons advises Green Guarantee Company on KfW investment and technical assistance grant

London-Dentons has advised the Green Guarantee Company (GGC), managed by the Development Guarantee Group, on a €25 million equity investment and a €7 million Technical Assistance non-repayable grant from the International Climate Initiative, part of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, through KfW Development Bank.

The transaction was announced at the Hamburg Sustainability Conference. The equity investment will be deployed to support climate projects across Emerging Markets and Developing Economies within GGC's mandate, while the Technical Assistance grant will support the strengthening of the wider ecosystem in which GGC operates and help build the capacity of borrowers to develop guarantee-ready transactions that meet GGC's standards.

KfW becomes GGC's fifth shareholder, joining the Green Climate Fund, the Foreign, Commonwealth and Development Office through the MOBILIST programme, the NSIA: Nigeria Sovereign Investment Authority, and Norfund.

Owen McLennan, Dentons relationship partner for GGC, commented: "We are pleased to have advised GGC on this significant investment and technical assistance package. The transaction represents an important step in supporting climate-focused investment across Emerging Markets and Developing Economies."

The Dentons team was led by investment funds partner, Owen McLennan, with support from corporate counsel, Paul Flynn. Owen and Paul were supported by Simon Recher, Sam Smart and others across our UK and Luxembourg teams.

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