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Feb 1 (Reuters) – Morgan Stanley’s (MS.N) personal fairness arm that focuses on middle-market firms stated on Wednesday it had acquired environmental providers and consulting agency Apex Corporations.
Morgan Stanley Capital Companions stated the present proprietor of Apex, Sentinel Capital Companions, will retain a minority stake within the firm after the deal closes.
Rockville, Maryland-based Apex affords water infrastructure and environmental, social and governance (ESG) consulting and different providers.
Wall Road has sharpened its give attention to ESG section following investor stress to chop financing to sectors that contribute to fossil-fuel use.
In 2021, JPMorgan Chase & Co (JPM.N) acquired funding supervisor targeted on timberland Campbell International LLC, whereas Morgan Stanley Capital Companions purchased a controlling stake in air-quality testing and monitoring options agency Alliance Technical Group.
Reporting by Niket Nishant in Bengaluru
Modifying by Vinay Dwivedi
Our Requirements: The Thomson Reuters Trust Principles.
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