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Pembroke VCT, a venture capital trust focused on backing early-stage businesses with exceptional founders and management teams, has sold its investment in ME+EM – the British direct-to-consumer fashion brand – achieving a return of 16x its original investment.
ME+EM is Pembroke’s third successful exit in the space of fourteen months, having sold Pasta Evangelists and Plenish in January and May of last year, respectively.
Pembroke is a long-term investor in ME+EM, having first backed Clare Hornby in 2015, working alongside her and the team to help build the modern luxury fashion brand that it is today. Pembroke’s stake in the
Pantheon Infrastructure (PINT), a listed global infrastructure fund, has agreed to invest approximately GBP40 million alongside a Macquarie Asset Management-led consortium, which has agreed to acquire a 60 per cent stake in the UK gas transmission and metering business of National Grid.
The business owns and operates the UK’s regulated national gas transmission system and an independent gas metering business. The 7,660-kilometre transmission system plays a critical role in the UK energy landscape, transporting the gas needed to heat homes and power industry and electricity generation. The consortium intends to support the UK Government’s commitment toward Net Zero by 2050
Genetics, a healthtech start-up co-founded by three University of Cambridge genomics postgraduates, has raised USD11 million in a Series A funding round led by MMC Ventures, with further funding from Episode 1, Seedcamp and several angel investors.
These include Paul Forster, a co-founder and former CEO of Indeed, Paul Wicks, former VP of innovation at PatientsLikeMe, and Margo Georgiadis, the former CEO of Ancestry.com.
The startup has developed a software platform that connects patients living with rare and chronic conditions, such as Long Covid, multiple sclerosis, Parkinson’s and Alzheimer’s, directly with biotech and pharma companies leading personalised medicine research
Intermediate Capital Group (ICG), a global alternative asset manager, has completed fundraising for its debut Infrastructure fund, ICG Infrastructure Equity 1 (ICG Infra), with total commitments of EUR1.5 billion, surpassing its target of EUR1 billion due to strong demand from a global client base.
The Fund attracted commitments from over 40 clients across Europe, the UK, Australia, the US and Canada.
The Fund focuses on Western Europe and is pursuing a green generalist strategy aligned to UN Sustainable Development Goals. To date, the team has deployed EUR1 billion across five deals, of which the Fund has committed EUR0.6 billion and
Gresham House Ventures, a growth equity investor specialising in software and digitally driven businesses in the consumer, healthcare and services sectors, has invested GBP5 million in retailtech specialist Proximity Insight (PI).
Using the PI app, retail teams can instantly get to know each customer through their profile, displaying their preferences, trends, and purchase history. Equipped with customer knowledge, retail teams can then use PI’s full functionality to communicate, serve, and transact with customers all from a single tool. This complete end-to-end, omni-channel functionality is what makes the Proximity Insight app “super” for retailers, providing them with an enormous competitive advantage,
India remains the second biggest market in the Asia-Pacific (APAC) region for venture capital (VC) investments after China with USD6 billion disclosed funding value, according to data and analytics company GlobalData.
Analysis of GlobalData’s Financial Deals Database reveals that a total of 314 VC funding deals were announced in India during the period.
Some of the notable VC funding deals announced during January-February 2022 in India include USD700 million funding raised by Bundl Technologies (Swiggy), USD450 million funding raised by Polygon Technology, USD300 million funding raised by Busybees Logistics Solutions (Xpressbees), USD300 million funding raised by NTex Transportation Services (ElasticRun),
OnePlanetCapital has invested in eco-friendly e-Bike conversion kit company Swytch through its flagship Environmental EIS Fund.
Swytch has raised a total of GBP3.1 million at a GBP35 million pre money valuation.
The OnePlanetCapital EIS fund focuses on companies and projects that will genuinely benefit the environmental prospects of the UK and the wider planet, supporting the emerging green economy. Investing into the eBike company Swytch will support the overall negative impact in busy urban environments that are being challenged.
Swytch comes is creating a product that is easy to set up and can be used on 99 per
Pemberton, an alternative credit specialist, has formed a strategic partnership with iCapital to expand its Wealth Management Solutions initiative.
Through this partnership, Pemberton will leverage iCapital’s end-to-end technology solutions and have access to iCapital’s distribution partnerships to expand the offering of Pemberton’s private debt strategies to wealth managers globally.
iCapital is a global fintech platform, driving access and efficiency in alternative investing for the asset and wealth management industries. Historically, European alternative credit has primarily been accessible to institutional investors. However, wealth managers and private banks are increasingly seeking exposure to the asset class to achieve portfolio management
Foresight Capital Management (FCM), part of listed infrastructure and private equity investment manager Foresight Group LLP, has launched the FP Foresight Sustainable Future Themes Fund, which will invest in a global portfolio of 20-40 scalable listed companies that meet the Fund’s stringent sustainability criteria for positive environmental and/or social impact, and targets capital growth over a five-year period.
The Fund will be available to all UK-based retail and institutional investors.
The Fund addresses the climate imperative and the need for global social development by identifying and providing capital to companies at the core of sustainable development across five Sustainable Future
Ørsted has signed an agreement to divest a 50 per cent ownership stake in its 1.3 GW Hornsea 2 Offshore Wind Farm in the UK to a consortium comprising AXA IM Alts, acting on behalf of clients, and Crédit Agricole Assurances.
Hornsea 2 is currently under construction and will become the world’s largest offshore wind farm once commissioned later in 2022. The total value of the transaction is GBP 3.0 billion, and the transaction is expected to close in the second half of 2022 once the wind farm is fully commissioned and customary regulatory approvals are obtained.
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