Carlyle to Take Over £400 Million ESG Consultancy Anthesis (1)

Carlyle Group Inc.is buying a majority stake in sustainability consultancy Anthesis as the buyout firm seeks to take advantage of rising demand for specialist advice on environmental issues.

The transaction values the London-based consultancy, whose clients include Unilever Plc and Cisco Systems Inc., at about £400 million ($508 million), people familiar with the matter said, asking not to be identified as the matter is confidential. Existing shareholder Palatine Private Equity will retain a minority stake along with some Anthesis employees, according to a statement on Friday.

Carlyle is buying the stake through its Carlyle Europe Partners platform, ...