Skadden is advising Kraken Technologies Limited in connection with Octopus Energy Group’s announcement of the first stand-alone investment round into Kraken. This round sees new and existing investors acquiring approximately $1 billion of Kraken equity to fund both Octopus and Kraken. It paves the way for Kraken’s formal independence and demerger from Octopus. Following the demerger, Kraken will operate with a separate capitalization table, independent governance and leadership. Kraken is an AI-powered operating system for utilities.
by Rohin Pujari
