Undisclosed equity investment Deutsche Bank AG, Insurance Futures Exchange Services Ltd, Climate Exchange plc
Deutsche Bank AG has invested in Insurance Futures Exchange Services Ltd (IFEX), a subsidiary of Climate Exchange plc. Deutsche Bank will contribute certain IP rights and provide assistance in connection with the launch of the IFEX Event Loss Future Contracts to be traded on the Chicago Climate Futures Exchange in return for the right to acquire a minority interest in IFEX and, depending on the future valuation of IFEX, the right to exchange that interest for shares in Climate Exchange with a maximum market value of up to $50 million.
Value: Undisclosed
Closed: September 19 2007
Parties involved |
Legal advisers |
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Deutsche Bank AG (Banks) Investor |
Sidley Austin LLP
- New York NY
Michael H Yanowitch |
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Insurance Futures Exchange Services Ltd Target |
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Climate Exchange plc Parent company to the target |
Cains
- Douglas
Andrew Baker Sullivan & Cromwell LLP - New York NY Kenneth M Raisler Travers Smith LLP - London Spencer Summerfield |
