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Intelligence

Glennmont sells minority stake in Finnish wind project

Glennmont Partners, a fund manager focused exclusively on investing in clean energy infrastructure, has agreed to the sale of a 15 per cent minority stake in Project Piiparinmäki, a 211.4mw wind farm, to Kansai Electric Power Company.  The onshore wind farm, located in central Finland, is currently under construction with

Breaking ice

Icebreaker.vc’s latest tech fund holds first close

Icebreaker.vc, which invests in Finnish, Swedish and Estonian tech companies, has held a first close of its second fund at EUR50 million. The target size of Icebreaker Fund II, which will invest in very early stage tech companies, is EUR75 million. Already before the Corona crisis there was a gap

Ropes & Gray advises K2 on acquisition of Pioneer Underwriters

Ropes & Gray has advised K2 Insurance Services, a portfolio company of US private equity firm Lee Equity Partners, on its acquisition of Pioneer Underwriters, a London-headquartered underwriting services organisation. The deal will see Pioneer’s ongoing underwriting portfolio, together with underwriting and support staff, transfer to K2, a specialist insurance

Ogier supports Index Ventures on USD2bn closing of two new funds

Ogier’s Jersey investment funds team has advised Index Ventures on the simultaneous closings of Index Ventures Growth V, which has raised USD1.2 billion to invest in later-stage, growth rounds, and Index Ventures X, which recently closed at USD800 million to put into earlier rounds for smaller start-up companies.This latest USD2

Lowenstein Sandler hires former Celgene VP as head of life sciences transactions

Lowenstein Sandler has announced that Mary E Storella has joined the firm’s life sciences group as the group’s vice chair and head of life sciences transactions. Storella will focus on mergers and acquisitions, early and late stage collaborations, licenses, options, co-development and co-commercialisation collaborations, clinical collaborations, and diagnostic collaborations in

Edison Partners makes USD10m investment in Bodhala

Bodhala, a data-intelligence and legal technology platform, has secured USD10 million in an investment round led by Edison Partners, a Princeton, NJ-based growth capital firm.  The company will use the funds for product expansion and sales and market acceleration as it transforms and modernises the purchasing of outside counsel services.

Peak secures USD12m extended Series A investment to power AI System

Peak, a software maker helping businesses use AI, has raised USD12 million in an extended Series A funding round led by existing investors MMC Ventures and Praetura Ventures.  This fresh investment brings Peak’s total amount of funding to USD18 million. Peak will use the incoming capital to support its rapid

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