TPG Rise Climate to acquire Olympus Terminals

In California, TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, announced that it has signed a definitive agreement to acquire Olympus Terminals, a leading independent storage provider for renewable fuels and refined products in Southern California, majority owned by an affiliated investment fund of Davidson Kempner Capital Management LP and an affiliated investment fund of Intrepid Investment Management, LLC. The transaction will advance TPG Rise Climate’s efforts to reduce transportation-related greenhouse gas emissions by facilitating the import, storage, and distribution of renewable fuels in Southern California and accelerating California’s transition from conventional diesel to renewable diesel (RD).