Cyril Amarchand Mangaldas acted for Buen Manejo Del Campo India (Sistema India) a subsidiary of Sistema.bio, Inc., as company counsel on one of its kind carbon financing vehicle, FarmCarbon, for the USD 53 million investment by BNP Paribas Asset Management Alts, British International Investment plc and Shell Foundation, in FarmCarbon.
Trilegal acted as the Indian legal counsel to British International Investment on this transaction while Clifford Chance guided British International Investment plc, BNP Paribas Asset Management Alts and Shell Foundation on their investment.
FarmCarbon shall focus on climate finance to scale methane-reduction in smallholder agriculture.
Sistema.bio is a global leader in biogas technology and climate solutions for family farmers focused on small-scale agriculture. It manufactures and installs biodigesters for small-holder farmers in over 30 countries.
FarmCarbon will finance more than 90,000 Sistema.bio digesters on farms worldwide to capture and destroy methane, reducing emissions by over nine million tonnes of CO2 equivalent.
CAM’s transaction team was led by partner Manasvini Raj with support from principal associate Apoorv Jain and associate Sushmitha Ramkumar. Senior Partner Santosh Janakiram provided strategic inputs and guidance.
Partner (Head – Taxation) SR Patnaik with support from principal associate Shivam Garg, consultant Reema Arya and associate Rhea Prasad advised on taxation aspects of the transaction.
Partner – (Co-Head – Digital | TMT) Arun Prabhu and partner Lakshmi Rajagopalan, with support from associate Kanav Khanna advised on data privacy and data sharing aspects of the transaction.
Trilegal’s deal team was led by partner Prasan Dhar and senior associate Samidha Mathur.
The Clifford Chance team advising on this transaction was led by Angela McEwan, Marc Mehlen, David Woolmer and Antonio Arenas Torres.
