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HydrogenOne Capital Growth (HGEN) announced on 12 December 2024 that its investment adviser, HydrogenOne Capital, has entered into a conditional agreement. Under this agreement, HydrogenOne Capital will sell its business and assets to Cordiant Capital, with the transaction expected to complete in early 2025.
| Date | 12 Dec 2024 |
| Time | 09:51:48 |
| Category | Miscellaneous |
| ID | 8708P |
HydrogenOne Capital Growth - Flash note from QuotedData
12th December 2024
Cordiant Capital to purchase investment adviser
HydrogenOne Capital Growth (HGEN) announced that its investment adviser HydrogenOne Capital has entered into a conditional agreement to sell its business and assets to Cordiant Capital (Cordiant) the specialist global infrastructure and real assets manager. The transaction is expected to be completed in early 2025.
Cordiant, a partner-owned and partner-run firm, has developed a track record of exceeding mandated investment targets for its clients and brings with it extensive experience across the infrastructure spectrum with a particular focus on harnessing the next generation of infrastructure and real assets.
We believe that the deal should help accelerate HGEN's market access and investment capabilities, allowing it to better capture the long-term economic potential inherent in the hydrogen sector. Additional marketing support could help close HGEN's excessive discount.
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