Linklaters has advised Akelius Foundation in connection with the acquisition of Mellby Gård’s total holding in AcadeMedia

On March 6, 2024, Syre, a new impact venture with a mission to decarbonize the textile industry was launched. Supported by an industry ground-breaking offtake supply agreement with H&M Group, Syre will establish multiple production plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester. Syre is founded by H&M Group and Vargas. In addition to this, TPG Rise Climate, the dedicated climate investing strategy of global alternative asset manager TPG, has joined as a founding investor with a substantial investment, bringing extensive experience scaling climate solutions globally and in companies focused on the circular economy.

Linklaters has advised TPG in connection with the investment in Syre. The team consisted of Elisabet Lundgren, David Martin, Francesca Matthews, Jeppa Persson, Louise Flynn, James Dewar, Lova Winell, Claudia Greig, Adam Wahlén Winqvist, Axel Larsson, Jakob Hambert, Jim Klaiber, Josh Feit and Jihe Kim.