BRISBANE, Australia, Oct. 13, 2015 — Palladium is pleased to announce their acquisition of CARANA Corporation.

CARANA, a US-based company, designs and implements economic development strategies for governments, companies and donor organisations. CARANA forges market-led alliances with private and public partners to address issues that affect vulnerable groups, such as gender equity, youth employment and environmental stewardship.

Palladium and CARANA share a common vision of the future of positive impact. Both envision an impact economy marked by alignment of social and commercial interests to create sustainable positive impact for a broad range of constituents. CARANA’s history of harnessing commercial expertise to address social issues matches Palladium’s desire to bridge the gap between the private and public sectors to better serve the interests of both.

Kim Bredhauer, Palladium’s group managing director, sees great opportunity in the newly enlarged company:”CARANA’s well-regarded technical expertise in economic development will play a crucial role in our growth strategy by greatly expanding the breadth of our offerings. Palladium’s resources and reach will allow us to achieve greater scale in economic development projects and deliver even greater impact to those who need it most. We can now better respond to the needs of clients across all sectors and better fulfill our mission of catalysing an enriched future for all.”

“We are delighted to be joining such a dynamic organisation with a shared commitment to bringing together private and public resources to maximize impact and inclusive economic development,” said Eduardo Tugendhat, chief executive officer of CARANA.

About Palladium
Palladium believes in the impact economy, an ecosystem of commercial, government and social interests that fundamentally re-define sustainable value. With our world-class intellectual property, purposeful innovation and proven, time-tested know-how, clients in more than 90 countries have dramatically improved stakeholder engagement to create enduring positive outcomes, both financial and social.

Our clients’ success in the impact economy is supported by one or more of the following four pillars:

* International Development with an emphasis on increasing the performance and outcomes in health, economic development, education, governance and the environment;
* Strategy Execution Consulting to enable order-of-magnitude improvements in both private and public sectors through a framework that translates strategy into action;
* Research, Professional Development and Training to encourage boundary-breaking thought leadership buttressed by a powerful knowledge transfer engine that equips clients and partners with necessary skills; and,
* Impact Investing to re-imagine innovative ways to finance impact economy initiatives for optimum financial and social results.

With our collective expertise and abiding commitment to exceeding clients’ objectives, Palladium transforms lives, businesses, governments and societies around the world.

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Chessiecap Securities, Inc. served as the financial advisor to CARANA Corporation in the above transaction.