Xpansiv, a market-infrastructure platform for ESG commodities, completed its previously announced acquisition of Evolution Markets, a financial services provider. 

The acquisition will expand Xpansiv’s service offering and product development activities. Moreover, Evolution Markets will also be able to enhance its client services to its existing 2,000+ clientele with the integration of Xpansiv’s infrastructure and data platforms.

In addition, Xpansiv closed a USD 125 million funding round led by existing investors Blackstone Energy Partners. New investors Bank of America and Goldman Sachs also participated in the round.

Analyst QuickTake: Xpansiv’s acquisition of Evolution Markets follows APX acquisition, a provider of registry infrastructure, in August 2022 . Moreover, the USD 125 million funding raised was linked to a USD 400 million capital raise in July 2022 , led by Blackstone Energy Partners. The funds were used to support the growth of the company with organic initiatives and new acquisitions.