Latham & Watkins Advises Bregal Sphere on Strategic Partnership With Imperative for Global Nature Restoration

Bregal Sphere, an impact investing platform launched by Bregal Investments, announced a strategic partnership with Imperative, the Nature Infrastructure Company™, providing financing to accelerate the development of Imperative's global pipeline of high-quality ecosystem restoration projects. As part of the agreement, Bregal Sphere receives a right of first refusal to deploy up to US$500 million across Imperative's future projects, bringing Imperative's total project funding framework arrangements to US$1.25 billion of capital earmarked for deployment. Imperative's flagship project, Beka Emva, aims to restore the degraded subtropical thicket biome in South Africa using the pioneer species Portulacaria afra (spekboom). In addition, Imperative has an expansive global pipeline of large-scale reforestation and mangrove restoration projects spanning Africa, Asia, and Latin America.

Latham & Watkins LLP represents Bregal Sphere in the transaction with a deal team led by New York partner JP Brisson, Singapore partner Don Stokes, and London partner JP Sweny, with associates Qingyi Pan and Georgia Bellett, and Nassef Ghazy.