Eco Material Technologies, a leading producer of sustainable cementitious materials, has announced that it has completed the acquisitions of Boral Resources, Boral Limited's (ASX: BLD) North American fly ash business, and Green Cement Inc., a manufacturer of near-zero carbon cement alternatives. Eco Material is a newly-formed company dedicated to decarbonizing the materials industry—starting with the cement sector, which generates approximately 8% of global greenhouse gas emissions. As part of the combination, Eco Material received significant investments from One Equity Partners, a middle market private equity firm, Warburg Pincus LLC, a leading global growth investor, and historical Green Cement shareholders. Along with these investments, the Company priced and closed US$525 million of Green Bonds to facilitate the combination transaction.
Latham & Watkins LLP represents Green Cement on the green bond offering. New York partner Senet Bischoff, Houston partner Monica White, and Paris partner Roberto Reyes Gaskin, with New York associate Milo LeDoux and Houston associates Kate Wang, Anji Yuan, and Vera Bespalova advised on capital markets matters; Los Angeles counsel Aron Potash and New York associate Alicia Robinson advised on environmental matters; New York partner Jiyeon Lee-Lim and Chicago partner Rene de Vera, with New York associate Joshua Guerra advised on tax matters; New York partner Larry Safran and New York counsel Brian Rock advised on banking matters; Chicago counsel Jeffrey Anderson advised on real estate matters; Houston partner Catherin Ozdogan, with Houston associates Max Fin and Janhavi Das advised on finance matters; Washington, D.C. partner Adam Kestenbaum advised on benefits and compensation matters; New York counsel Carrie Girgenti advised on data and technology transactions matters; and Washington, D.C. counsel Andrew Galdes, with Century City associate Regina Wang advised on compliance matters.