Managers
Consumer product brand JML has acquired health and beauty goods start-up Brand Evangelists in a deal worth GBP2.3 million.
JML, which was founded in 1986, is a UK-based company specialising in retail promotions, TV home shopping and e-commerce. A spokesperson said today that it had acquired a 51 per cent stake in Brand Evangelists, who specialise in health and beauty products aimed at a young demographic.
“This acquisition is complementary to JML in that we share the core principle of products that require demonstrations and have mass appeal. However, the key differentiator is that Brand Evangelists market their products
Satori Capital has made a USD10 million investment in The Lovesac Company.
Satori, a Dallas/Fort Worth multi-strategy investment firm committed to the principles of conscious capitalism, served as the anchor investor in the current bridge round of financing. Mistral Equity Partners, which has provided growth capital to Lovesac since 2010, also invested in this bridge round.
Lovesac is a “new economy” e-commerce furniture retailer and high-end lifestyle brand whose most popular products include modular couches (Sactionals) and durafoam bean bags (Sacs). Lovesac’s Sactionals and Sacs are flexible, durable, washable, and shippable on short notice by FedEx and UPS.
OurCrowd, a global leader in equity crowdfunding, has signed a strategic collaboration agreement with LetsVenture, India’s largest marketplace for startup funding.
As part of this partnership, OurCrowd will offer curated deals to Indian investor syndicates managed by LetsVenture, as well as showcase Indian startups on OurCrowd’s platform, giving selected Indian startups access to accredited investors globally and to business development opportunities.
OurCrowd and LetsVenture will be also be collaborating on an ‘India Fund’ to invest in Israeli, Indian and global startups. The investment into this fund would primarily be from family funds and HNWIs in India and OurCrowd’s global
Cybersecurity specialist Trend Micro Incorporated has launched a corporate venture fund to explore emerging technology markets. With an initial investment of USD100 million, this venture fund will allow Trend Micro to nurture a portfolio of startups that are incubating ideas and living at the epicenter of hyper growth markets, such as the Internet of Things (IoT).
According to Gartner estimates, 26 billion devices will be connected to the Internet by 2020.
Eva Chen, founder and chief executive officer for Trend Micro, says: “Trend Micro’s vision has always been to make the world safe for exchanging digital information. The explosion
Quantexa, a big data and analytics company backed by HSBC and Albion Ventures, has furthered its international expansion by opening a new office in Sydney, Australia.
This follows the opening of a Brussels office in April and the doubling in size of the firm’s Global Headquarters in London.
Following on from a USD3.3 million fund raising earlier this year, Quantexa’s expansion reflects a growing customer base outside the UK. The Sydney office will put the company in closer proximity to its clients in APAC and forms part of its aggressive international growth plans. Quantexa can already boast an impressive
Rabobank has appointed Donald Meltzer, currently Vice Chairman, Head of Mergers & Acquisitions North America will assume the role of Global Head of M&A.
In addition to his global responsibilities, Meltzer will continue to lead the North American M&A business, a critical component of Rabobank’s global M&A strategy. In his new role, he will become a member of the management team of Global Corporate Clients and continue to be part of the Corporate Clients North America management team.
Meltzer, based in New York, brings a wealth of experience to the global role, having previously served as a global head of
TechSee, a specialist in Intelligent Visual Support powered by AI for corporates’ customer support departments, has successfully completed a USD 7.5 million Series A round of financing led by Planven Investments with participation of existing investors OurCrowd and strategic investors innogy, Comdata Group and other investors.
“The new investment will help TechSee leverage its strong momentum and market leadership to further accelerate its market penetration, technology development and bring innovative products to our customers and prospects. Our Investors strong network in Telecommunication, Utilities and Financial Services is a force multiplier for TechSee’s leadership position in the emerging “Support of Things” category
The Guernsey funds sector enjoyed its largest growth in four years during the first quarter of 2017.
The latest figures from the Guernsey Financial Services Commission show that the net asset value of funds under management and administration in the island grew by GBP10.6 billion (4.1 per cent) over the quarter – the highest margin of growth since the first quarter of 2013, when funds grew by GBP19.7 billion. From the end of March 2016, total net asset values increased by GBP28.6 billion (12 per cent).
The statistics also build on six straight previous quarters of growth to take the
Forterra, a manufacturer of water infrastructure pipe and products in the United States and Eastern Canada, is to sell the US concrete and steel pressure pipe assets of its Water Pipe and Products business segment to Thompson Pipe Group.
The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2017.
Under the terms of the agreement, an affiliate of Thompson Pipe Group will acquire assets related to five Forterra manufacturing facilities and a fittings facility. Forterra will receive approximately USD23.2 million in cash, exclusive of fees and expenses, as well as
Idinvest Partners has secured EUR12 million in funding for life sciences company M2i as part of the firm’s continued support of high-growth European SMEs.
The funds raised will enable biocontrol producer M2i to finance the approval process of its Biocontrol products, pursue its R&D investment strategy and accelerate its international development.
M2i Life Sciences is a world leader in the field of pheromones for crop protection, animal health and human health, producing agricultural chemical products in the Biocontrol sector. Addressing the issue of tackling increasing resistance and toxicity of insecticides and GMOs, the company provides innovative alternative solutions for
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