Baringa Partners
Our Approach
- We offer advice on complex M&A and partnership transactions
- We are experienced in strategic negotiations and advising on overall transaction approach
- We bring deep sector insights, combining our expertise in Sustainability and Asset Management, particularly ESG-driven businesses
We employed these capabilities when we advised Baringa Partners on a new, long-term partnership with BlackRock and the sale of its Climate Change Scenario Model.
- Company Profile
- Transaction Background
- What We Did
- Outcome
Baringa Partners is an independent business and technology consultancy which operates globally. The Climate Change Scenario Model is an industry-leading model utilising Baringa Partners’ capabilities and specialist experience in advising government, energy, and financial services clients on climate risk over the past 20 years. It assists clients with assessing climate risk and reallocating capital to achieve net zero emissions.
- Baringa developed a market-leading Climate Change Scenario Model currently used by clients with assets totalling more than $15 trillion
- Through its Aladdin platform, BlackRock seeks to set the standard for modelling the impacts of climate change for investors, banks and other clients, from which it generates significant licence revenues
- Established framework for partnership discussion, financial model, business plan, and valuation
- We negotiated a complex transaction to achieve a mutually beneficial relationship whereby:
- The Climate Change Scenario Model becomes Aladdin Climate
- Baringa and BlackRock will continue to develop the model together
- BlackRock licences Aladdin Climate
- Baringa provides consulting services to Aladdin Climate clients
- Both Baringa and BlackRock should derive significant strategic and financial benefit from the partnership, in a core strategic area of ESG
Transaction Team
Tom joined Opus at the beginning of 2021. Prior to joining Opus, Tom spent over five years at PwC in the Audit and Corporate Finance practices, where he qualified as a Chartered Accountant.
Tom has over two years M&A advisory experience for clients across a range of sectors. Tom holds a BEng in Engineering from the University of Sheffield and is a member of the ICAEW.
Danny first joined Opus in the Summer of 2020 and has subsequently worked on transactions across a range of sectors including Energy Transition, Chemicals and The Built Environment.
Prior to this, Danny graduated with a First Class Honours in Engineering Science from the University of Oxford. Outside of academics, Danny achieved two full blues for competing in the 2017 & 2018 rugby union varsity matches.
Dilesh joined Opus in 2021. He has a strong background in financial modelling, working on transactions across a range of sectors including Energy Transition & Climate Change, TMT, and The Built Environment.
Prior to joining Opus, Dilesh was most recently part of the Transaction Modelling team within EY London, focusing on developing complex financial models to support strategic investment decisions. He also worked as part of the Financial Reporting team at Shell Trading, with a focus on LNG Freight and Shipping.
Dilesh has a BSc degree in Economics from Brunel University and is also a Chartered Financial Analyst (CFA).
Thalia joined Opus at the beginning of 2019. Since joining the firm, Thalia has advised clients and gained transactional experience in the Energy Transition and Climate Change, Financial Services, Consumer and Retail and Healthcare sectors.
She previously spent over 3 years at PwC in the London Region Assurance practice, where she qualified as a Chartered Accountant, focusing on mid-market private and public listed companies across a wide range of sectors.
Thalia holds a BA in French from the University of Oxford and is a member of the ICAEW.
Michael joined Opus as an Associate in 2017. Michael has advised clients on transactions across a range of sectors including Renewable Energy, Sustainability, and Technology, Media and Communications.
Michael has over eleven years of corporate finance experience: prior to joining Opus Michael worked for Ironstone Capital (now ICA Partners) in Australia advising clients on infrastructure M&A, energy and renewables project financing, and government privatisations. Michael holds a Bachelor of Economics with First Class Honours from the University of Sydney.
Stuart joined Opus in 2008 and co-leads the Energy Transition & Climate Change team. Areas of particular sector focus include smart grids, energy efficiency, electric vehicles, renewable energy, vertical farming and environmental services.
Recent transaction experience includes advising district heating platform Pinnacle Power (now Hemiko) on its sale to DIF; advising Ecotricity on the sale of its Electric Highway EV charging network to GRIDSERVE; advising smart grid software business Piclo on its equity fund raise; advising Carbon Clean on its equity fund raise and advising Breathe Energy on its sale to EDF. Stuart also advised Estover Energy on funding construction of its three biomass CHP power stations and has advised the infrastructure fund JLEN and Future Biogas in relation to the acquisition of anaerobic digestion projects.
Stuart started his investment banking career at UBS in 2004. He has a degree in Chinese from Durham University.
Richard has been a partner at Opus since 2011 and co-leads the Energy Transition & Climate Change team. Richard is primarily focused on the energy and infrastructure sectors, and has a particular expertise in M&A, project finance and fund-raising for energy technology companies. Recent assignments have included advice to a renewable energy project developer, raising funds for a new power station, and also advice to an electricity storage technology development company on successive fund-raisings.
As well as his work with Opus, Richard is on the Boards of John Laing Environmental Assets Group Limited (JLEN), Bazalgette Tunnel Limited, Woodard Corporation and The Grange Festival.
Richard joined Kleinwort Benson in 1981 whence he was seconded to be Deputy Director General of OFGEM from 1999-2001. Following a brief stint as head of Utilities and Infrastructure for Europe at Goldman Sachs, he led the energy and infrastructure team at Greenhill & Co. He was educated at Winchester College and New College, Oxford (Classics). He is an honorary fellow of Ripon College, Cuddesdon.
John co-heads Opus’s market leading Energy Transition & Climate Change team advising a wide range of clients on renewable energy, renewable chemicals and materials, sustainable transport, and resource efficiency. Recent transactions including capital raising for Eelpower to fund its grid connected battery storage roll out, the sale by Ecotricity of its Electric Highway EV charging business to GRIDSERVE, the sale of DEXMA, a Spanish energy management software business to Nemetschek Group, the sale of Pensions Infrastructure Platform to Foresight, equity fund raising for Carbon Clean, and the sale of Baringa’s Climate Scenario Model to BlackRock. Current areas of focus include electric mobility, grid flexibility, hydrogen and smart buildings.
Prior to joining Opus in 2008, John spent 20 years at SG Warburg and then UBS Investment Bank in London and New York focusing on cross-border M&A, and latterly ran the corporate finance advisory business of UBS Wealth Management in London.
He has a BSc (Econ) degree from University College London and is a member of the ICAEW.