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Aruwa Capital Management (Aruwa), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, has invested in Pngme, a financial technology company with a focus on driving financial inclusion by providing mission critical data infrastructure and machine learning models to financial institutions.
According to the Central Bank of Nigeria, formal sector credit penetration as a ratio of the adult population is below 5.3 per cent, making a significant portion of Nigeria’s adult population credit invisible as most credit providers lack access to structured financial history and records of this population.
Established in 2018, Pngme solves this problem
Agronomics, a listed company focused on the field of cellular agriculture, is making a USD8 million investment in The EVERY Company (EVERY, formerly Clara Foods Co), for an equity stake on a fully diluted basis of 1.39 per cent.
This equates to an estimated portfolio weighting based on the Company’s last reported Net Asset Value of 5.7 per cent. Agronomics is investing as part of a minimum fundraise of USD127.5 million undertaken by EVERY.
EVERY is a precision fermentation company with a key focus on the commercialisation of proteins traditionally derived from animals. EVERY was founded in 2014 by Arturo
Abacus Group, a global provider of IT services for alternative investment firms, today announced it has completed acquisition of the IT services business unit of Echo Technology Solutions.
Founded in 2002, Echo is a technology and digital transformation consulting firm headquartered in San Francisco, with two key business units – managed IT services and Salesforce consulting. Echo’s managed IT services business will continue to operate as usual, but now under the umbrella of Abacus Group. Randy Hyshiver, formerly Director of IT Services at Echo, will assume the role of General Manager of the Echo IT division within Abacus Group. Echo’s
Alternative investment platform CAIS, has appointed Abby Salameh as Chief Marketing Officer, effective 8 November. Based in the New York office, Salameh will report to CAIS Founder and CEO, Matt Brown, and join the Executive Committee.
“We are thrilled to have Abby join our leadership team in this newly created role, as her deep expertise in the wealth management industry, and shared passion for democratising alternative investments will be integral to driving our business forward,” says Brown.
Salameh brings over 25 years of experience serving the independent advisor community, most recently as Chief Marketing Officer at Hightower Advisors, where she
Squire Patton Boggs has appointed Teresa Zueco, an M&A and private equity lawyer in the Spanish market, as a partner in its Global Corporate Practice in Madrid.
Zueco, who also assumes the role of managing partner in Spain, joins Squire Patton Boggs from DLA Piper along with six corporate M&A and private equity lawyers, legal directors Pablo García and Rocío García and associates Alejandra Castañeda, Luis Gutiérrez, Alvaro Luaces and Mónica Sebares.
Jonathan Jones, European managing partner, says: “Teresa and her team are well established and highly regarded corporate and private equity lawyers, not just in Spain, but across
As world leaders meet in Glasgow for COP26 to debate how to tackle climate change, Social and Sustainable Capital, a social investor highlights the key role innovative community energy projects are playing in reducing carbon emissions and building more resilient communities. SASC has also announced plans to launch a ‘next generation’ renewable fund to finance further community projects in 2022.
COP26 will prioritise reaching agreement on global net-zero policies. The most critical is the need to limit the increase in global temperature to 1.5°C. The Intergovernmental Panel on Climate Change (IPCC) said in August there is less than two
South African investors are showing a growing appetite for private markets investments, including private equity opportunities, according to local investment advisor, RisCura Solutions.
Behrman Capital, a private equity investment firm based in New York, has sold its portfolio company BECO Holding Company, Inc (BHC0 to an affiliate of HIG Capital. Financial terms of the transaction have not been disclosed.
Jan-Hendrik Buerk, 28, has been becoming the youngest partner at btov. Originally from Hamburg, Buerk has been with btov since 2016.
Winch & Co, the Leeds-based boutique private equity firm have recently acquired GBP4 million haulage and logistics company Eclipse Distribution.
The firm plans to continue its acquisition trail aimed at logistics and distribution businesses based in the UK that compliments its platform.
Shaun Swinburn, Operations Director at Winch & Co, says: “It’s been several months in the making, but we are happy with what we have bought, and succession planning was already in place. The business is very clean and has proven to be the perfect platform for what we plan to build.”
David Ash, the previous owner of Eclipse
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