McDermott Advises European Depositary Bank on Revolving Credit Facility For i(X) Net Zero, A Publicly Listed Investment Platform
International law firm McDermott Will & Emery advised the European Depositary Bank on the provision of a revolving credit facility for i(x) Net Zero.
i(x) Net Zero is a publicly listed investment company which focuses on investment in the energy transition and sustainability in the built environment. Founded in 2015 by Pär Lindström, Trevor Neilson and Howard W. Buffett, it provides its shareholders with the opportunity to create long-term capital growth with positive, scalable, measurable and sustainable impact on the environment and on the communities it serves.
European Depositary Bank (“EDB”) was founded in 1973 in Luxembourg. It was originally established as a subsidiary of Hamburg based private bank M.M.Warburg & CO (AG & CO) KGaA and was acquired by Apex Group Ltd (“Apex Group”) in 2019. EDB is supported by Apex Group’s strong global network and is one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds with €177bn Assets under Depositary and €26bn Assets under Custody (as of July 31, 2023).
This transaction demonstrates McDermott’s continued expertise in the ESG sector.
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