Latham & Watkins has advised Azora, a leading international alternative investment management platform, on its US$13.5 million strategic minority stake in Abatable, a carbon procurement and market intelligence platform for the voluntary carbon market.

The investment will form part of Azora’s European Climate Solutions private equity strategy which targets growth companies providing decarbonisation solutions for real assets.

The Latham team was led by Madrid corporate partner Jose Antonio Sánchez-Dafos, Boston corporate partner Stephen Ranere and London corporate partner Shing Lo, with Boston associate Martha Anderson and London associate Michael Czarnota.