Professional services firm EY announced today the acquisition of Attalea Partners, a provider of ESG consulting services to private equity funds and investee companies. EY said that the transaction aims to boost the firm’s ESG capabilities in the area of transactions.
Founded in 2019, Madrid-based Attalea focuses on the strategic management of sustainability as a lever for creating financial value, with services including ESG Due Diligence, ESG strategy and action plans for investee companies, climate change strategy, and sustainability disclosure and taxonomy compliance support.
Álvaro Molina, founding partner of Attalea, said:
“ESG is increasingly important on the agenda of the managers and companies with which we work. The challenges that arise are increasingly complex and require multidisciplinary knowledge that we find in EY. We aspire to be the reference practice in the market in sustainability strategy, helping our clients to develop ESG as a lever for value creation in the management of their investees.”
The acquisition comes as EY moves to boost its own ESG capabilities and expertise. As part of a series of sustainability goals announced in 2021, EY pledged to invest in services and solutions that help its clients profitably decarbonize their businesses and provide solutions to other sustainability challenges and opportunities.
Juan López del Alcázar, Strategy and Transactions Leader and Head of Private Equity at EY Spain, said:
“This integration reinforces our capabilities in comprehensive transaction advice, complements the portfolio of services for Private Equities and their portfolio companies and allows us to accelerate our growth plans in Spain.”