Opus advises Baringa Partners on a new, long-term partnership with BlackRock and the sale of its Climate Change Scenario Model

Category: Deal Announcement

Opus is delighted to have acted as financial advisor to Baringa Partners on a new, long-term partnership with BlackRock and the sale of its Climate Change Scenario Model (CCSM), an industry leading climate scenario model developed utilising Baringa Partners’ capabilities and specialist experience in advising government, energy, and financial services clients on climate risk over the past 20 years. The CCSM is currently used by clients who have assets totalling more than $15 trillion, assisting them with climate risk and the reallocation of capital to achieve net zero emissions.

BlackRock’s acquisition of the CCSM will allow the model to be integrated into Aladdin Climate, part of its Aladdin platform, an end-to-end portfolio management, risk management and operations platform used by institutional investors, including asset managers, pension funds, insurers, banks and corporate treasurers.

The new long-term partnership is a significant milestone for both firms, as they collaborate to set the standard for modelling the impacts of climate change and the transition to a low carbon economy on financial assets for investors, banks and other clients.

This partnership between Baringa Partners and BlackRock is a significant transaction for Opus bringing together our capabilities advising on complex M&A / partnership transactions with our expertise in energy transition and climate change, as well as our focus on asset management, in particular, ESG driven businesses.

For further information please contact: Colin Christie, John McElroy, Stuart Schofield, Michael Mizon and Tom Rahman.