M&A Deal Summary

Xpansiv Acquires Evident

On November 3, 2025, Xpansiv acquired business services company Evident

Acquisition Highlights
  • This is Xpansiv’s 3rd transaction in the Business Services sector.
  • This is Xpansiv’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2025-11-03
Target Evident
Sector Business Services
Buyer(s) Xpansiv
Deal Type Add-on Acquisition
Advisor(s) Clifford Chance (Legal)

Target

Evident

Sheffield, United Kingdom
Evident provides certification and registry services for renewable energy and clean economy assets. The Company verifies and tracks environmental attributes across electricity, natural gas, hydrogen, carbon removal, and sustainable fuels, helping organizations ensure transparency and credibility in their sustainability claims. It also advises governments and businesses on implementing certification standards for environmental markets. Evident was founded in 2020 and is headquartered in Sheffield, United Kingdom.

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Buyer(S) 1

Buyer

Xpansiv

New York City, New York, United States

Category Company
Founded 2016
Sector Internet Software and Services
DESCRIPTION

Xpansiv is market infrastructure platform for global carbon and environmental commodities. Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels, each of which is critical elements of global decarbonization. Xpansiv was founded in 2016 and is based in New York City, New York.


DEAL STATS #
Overall 5 of 5
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
Country: United Kingdom M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-04 Evolution Markets

White Plains, New York, United States

Evolution Markets is a broker of environmental products. Evolution Markets structures transactions in the global carbon, U.S. emissions, renewable energy, weather derivative, and over the counter (OTC) coal, natural gas, and nuclear fuels markets. Evolution Markets personnel are pioneers in energy and environmental markets having facilitated the first trades in Kyoto carbon credits, European emissions allowances, SO2 allowances, NOx allowances, ERCs in several states, weather derivatives, and OTC coal trades. Evolution Markets was formed in 2000 and is based in White Plains, New York.

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