Brækhus advised ISS Corporate on the acquisition of technology company Celsia

ISS Corporate Solutions, Inc. (“ISS Corporate”), a leading provider of compensation, governance, cyber risk monitoring, and sustainability offerings to help companies improve shareholder value and reduce risk, announced on April 11th the acquisition of Celsia. Celsia is an Oslo-based provider of SaaS solutions for corporate sustainability reporting.

Brækhus acted as buy-side legal advisor in connection with the acquisition of Celsia. The core team consisted of Christoph Morck, Kristine Slotnæs, Alexander Mollan and Ingrid Abildsgaard. The team assisted ISS Corporate throughout the entire acquisition process, from due diligence through the drafting and negotiation of relevant transaction documents until the signing and closing.

Formed in 2021, Celsia‘s software simplifies regulatory sustainability reporting with a particular focus on solving for the European Union’s Corporate Sustainability Reporting Directive (CSRD) regulations. The CSRD, which took effect on 1 January, includes the European Sustainability Reporting Standards, an extensive, detailed new sustainability reporting framework that is addressed by Celsia’s offering. Celsia’s software also supports EU Taxonomy and Sustainable Finance Disclosure Regulation reporting requirements. Presently, more than 300 companies rely on Celsia’s software solutions and the expertise of its staff for accurate and timely sustainability reporting.

ISS Corporate provides expertise in designing and managing governance, compensation, sustainability, and cyber risk programs that align with company goals, reduce risk, and manage the needs of a diverse shareholder base by delivering data, tools, and advisory services. ISS Corporate’s global client base extends across North America, Europe, Asia, and other established and emerging markets worldwide. ISS Corporate is a wholly owned subsidiary of Institutional Shareholder Services Inc., majority owned by Deutsche Börse Group.

Click here for the full press release from ISS Corporate.