Allocations
A consortium led by Macquarie Infrastructure and Real Assets’ (MIRA) Macquarie European Infrastructure Fund 6 (MEIF6) is to acquire a portfolio of Romanian power assets owned by ČEZ Group.The integrated energy infrastructure portfolio is comprised of an 86,665 kilometre regulated electricity distribution network and an electricity and gas supply business with 1.4 million residential and industrial connections in the South West of Romania. The acquired assets also include a renewable energy platform, with 622 MW of primarily onshore wind farms and plans to develop its portfolio further.
Leigh Harrison, Head of MIRA EMEA, says: “Romania is one of Europe’s most
Funds advised by Equistone Partners Europe (Equistone) are to sell their majority stake in Group of Butchers, a manufacturer and supplier of artisanal specialty meat products based in Tilburg in the Netherlands, to Dutch investment firm Parcom Private Equity (Parcom). Equistone acquired Group of Butchers in 2017 and since then has supported the company’s growth strategy through a range of targeted acquisitions. The financial terms of the transaction are undisclosed and the transaction remains subject to approval from the relevant competition authorities.
Founded in Tilburg in 1997, Group of Butchers has developed into a Dutch market leader for high-quality artisanal
The second quarter of this year saw two potentially worrying trends in US corporate credit: the number of public filers carrying debt of more than 7x going into Q3 had risen to 35 per cent (compared to 14 per cent in Q4 2018), while the percentage of leveraged loan defaults rose sharply from 2 per cent at the start of the year to north of 4 per cent, by March.
Those numbers, recently conveyed by S&P Global Market Intelligence and based on the S&P/LSTA Loan Index, were symptomatic of the early stages of the lockdown. It is perhaps unsurprising to
Less than three months since launching its pilot program, e-bike subscription service DANCE has closed a EUR15 million Series A funding round. Led by Eric Quidenus-Wahlforss, Alexander Ljung and Christian Springub, DANCE has ambitions to offer its all-inclusive service subscription package into expanded markets across Europe and eventually the US.
E-bikes are the fastest and most efficient means of urban transport on routes up to 10 kilometres (6.2 miles). As city commuters and consumers alike look to greener and more reliable transport alternatives for all aspects of their daily lives, DANCE offers a new model.
“The goal of DANCE is to
Global private equity firm Levine Leichtman Capital Partners (LLCP), has acquired NMi Certin (NMi) from First Dutch Innovations (FDI).With its origin in the Dutch government since 1937, NMi (het Nederlands Meetinstituut) is the leading independent specialist for legal metrology testing and inspection services in Europe and a trusted brand globally. NMi specialises in type approval & certification, verification & calibration and consultancy services covering a broad range of advice on complex regulations and accreditations. NMi is headquartered in Delft, the Netherlands and has cultivated the industry’s most experienced and knowledgeable workforce.
Erik van de Graaf, Managing Director of NMi, says:
Innova Capital, a private equity firm operating from Poland, has agreed to buy PayPoint Romania from LSE-listed PayPoint plc. The sale is subject to competition and regulatory approvals, as well as other conditions precedent, and therefore completion is anticipated to take place on 31 March 2021.
PayPoint Romania is a market leading consumer payments operator in Romania, collecting over 100 m bill payments for 85 per cent of Romanian utility and telecom providers through a wide network of retail sites. Its payment points are located within 500 meters of 81 per cent of customers. Its services aim to meet the needs
Araris Biotech AG, a company pioneering antibody-drug conjugate (ADC)-linker technology, has received an additional CHF12.7 million in seed financing, bringing the total amount raised to CHF15.2 million.The investment round was led by Pureos Bioventures with participation from new investors 4BIO Capital, btov Partners and existing investors Redalpine, VI Partners and Schroder Adveq. The proceeds will be used to nominate a clinical candidate and advance Araris’ lead program into preclinical and clinical development. The new funds will also support the development of a broad proprietary pipeline of ADC compounds.
Philipp Spycher, PhD, CEO and co-founder of Araris, says: “We see this
The world’s largest online angel investment platform, the Angel Investment Network, has supported the raise of more than GBP1 million in UK-based disease screening and diagnosis startup Occuity.
Launched in London by childhood friends James Badgett and Mike Lebus, Angel Investment Network (AIN) is an online platform connecting startups with a global network of angel investors.
“Healthcare is one of the areas of biggest interest to our investor database. In the year of a global pandemic this is perhaps no surprise – but this business really did tick all the boxes for our investors,” explained Ed Stephens, global head of
Benefit Recovery Group (BRG), a provider of healthcare subrogation services, has secured a strategic investment from Abry Partners (Abry).Abry, a leading Boston-based private equity firm, manages over USD5 billion of capital in its active funds and has completed more than USD82 billion in transactions.
BRG, a top choice of large Fortune 500 employers, will collaborate with Abry to accelerate its investment in sales efforts as well as the continued development of new and existing product offerings.
Tom Lawrence, Chief Executive Officer of BRG, says: “I am looking forward to the next chapter of our future with Abry Partners. They
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Technology can counter investor conservatism
Technology can counter investor conservatism