Allocations
Finnish startup Innomost has raised EUR5 million to bring their birch bark innovation into new markets as a sustainable alternative for environmentally harmful ingredients in consumer products.
The funding round was led by Metsä Spring Ltd with Innovestor and angel investors joining the round, which was completed with grants and loans from Business Finland as well as other public financing sources.
The funding will be used to set up a pilot plant in their hometown of Kokkola. Innomost aims to build a production facility capable of producing 20 tonnes of birch bark products per year by 2023. Capital will also
HQ Equita, a partner to SMEs in Germany, Austria, and Switzerland for almost three decades, has acquired a majority stake in the IT security specialist indevis.
The two founders Wolfgang Kurz and Andreas Mayer remain significantly invested and active in their current roles as managing directors.
indevis, headquartered in Munich, is a managed security service provider for customers from the upper mid-market with the core sectors of healthcare, law firms and management consultancies, financial service providers and public administration in the German-speaking region of Europe. Since its founding in 1999, the company has focused exclusively on the topic of IT
Eos Venture Partners (Eos), a venture capital fund focused exclusively on the insurtech sector, has hired Zach Powell as General Partner.
Powell brings deep industry experience to Eos as he has spent the majority of his career as a principal investor in the financial services sector with a focus on insurance. Zach joins from AXIS Capital, where he was Managing Director of AXIS Digital Ventures, the partnership and venture investing arm of the firm. Prior to AXIS, Zach was a Vice President at Swiss Re’s Principal Investments focused on buyout and growth equity investments in financial services throughout the Americas.
Ambri has secured a USD144 million financing to commercialise and grow its daily cycling, long-duration battery system technology, and to build a domestic manufacturing facility.
The latest round of financing was led by strategic investors Reliance New Energy Solar Ltd, a wholly owned subsidiary of Reliance Industries Limited, Paulson & Co, and includes Ambri’s largest shareholder, Bill Gates, new investors, Fortistar, Goehring & Rozencwajg Associates, Japan Energy Fund and others.
Ambri’s long-duration systems, which are based on its patented technology, are designed to break through the cost, longevity and safety barriers associated with lithium-ion batteries—enabling a critically necessary energy storage
Advania AB (Advania), one of the leading full-service IT providers in the Nordics, is to acquire Visolit AS (Visolit), a leading provider of corporate IT solutions and cloud services across Sweden and Norway, from the IK VII Fund and other shareholders.
The combined group will have a total turnover in excess of SEK9 billion in 2021 and approximately 2,550 employees, and will leverage the commercial strengths, resources, and expertise of both the Advania and Visolit platforms to offer a highly compelling, future-ready suite of products and services to its customer base – with the combination enabling a broader, deeper and
Global M&A activity saw a strong recovery in H1 2021, as dealmaking count and value are both set to reach or surpass the record highs of previous years, according to Pitchbook’s latest Global M&A report.
Kroo Ltd has raised GBP17.7 million in a Series A funding round led by tech entrepreneur and founder of Karlani Capital, Rudy Karsan. The capital raised will be used to mobilise the bank ahead of its launch in early 2022.
Kroo’s goal as a social bank is to remove friction from financial interactions with friends and family. Currently it does so by offering customers a prepaid debit card and innovative ways to track their personal and social finances – enabling them to easily create groups with friends, track spending, and split and pay bills quickly and securely. It aims
Avista Capital Partners (Avista), a private equity firm focused exclusively on healthcare, is to sell Arcadia Consumer Healthcare, (Arcadia), a specialist in the consumer healthcare market for over-the-counter (OTC) medicines and premium vitamins and nutritional supplements, to Bansk Group, a private investment firm focused on building distinctive consumer brands.
Financial terms of the transaction have not been disclosed.
In 2018, Avista acquired Arcadia’s predecessor, Kramer Laboratories, Inc, a company focused on delivering innovative healthcare products to help consumers self-treat their everyday problems. Kramer’s portfolio brands and products included highly efficacious OTC foot care and specialty cough treatments. Shortly thereafter,
An affiliate of Peak Rock Capital (Peak Rock), a middle-market private investment firm, has completed the acquisition of Amtech and New Futura Services (Amtech Software) leading providers of manufacturing ERP software and technology services for the packaging and other manufacturing industries.
Amtech’s innovative, end-to-end suite of software, automation and other technology solutions serve as the backbone for a diverse group of over 245 customers and more than 750 manufacturing plants. Its tailored solutions enable manufactures to remain competitive in a fast-evolving industry, while also achieving operational excellence in areas including plant management, production planning, supply chain, sales and customer service.
An affiliate of global alternative investment firm HIG Capital (HIG) has made an equity investment in The Bluebird Group (Bluebird0, a retail services consulting firm.
Founded in 2015, Bluebird provides emerging and category-leading brands with outsourced retail services required to optimise online and in-store sales. The Company provides strategic planning, operations consulting, account management, digital optimisation, and data analytics services. HIG’s investment will support the Company’s continued expansion as well as investments in next-generation digital insights and analytics.
Jason Kapsner, CEO of Bluebird, says: “Our brand partners entrust Bluebird to provide them with the insights and execution necessary to navigate
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
