According to information obtained by News, Lightrock, a London-based company chaired by Prince Max Von Liechtenstein, is buying an unknown share in the country’s second-biggest domestic energy provider.
According to reports, Lightrock and Galvanize Climate Solutions, a San Francisco-based investment group that focuses on climate issues, would buy shares of Octopus Energy from current investors.
On Tuesday, it was unknown how much they had invested, but according to an insider, the deal would be made public on Wednesday.
The commitment of the two funds expands the group of well-known international investors who have bought shares in one of the most popular private enterprises in Britain.
With two more supporters increasing their interests, Octopus Energy moved closer to achieving a rare ‘decacorn’ valuation in April, solidifying its place as a company valued at least $10 billion.
At a cost of approximately £300 million, the Canada Pension Plan Investment Board (CPPIB) and Generation Investment Management, led by former US vice president Al Gore, acquired shares from other investors.
The valuation exceeded the $7.8 billion (£6.2 billion) estimate from a financing that occurred just five months prior by 15%.
