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To mark Ada Lovelace Day, an international celebration of the achievements of women in science, technology, engineering and maths (STEM), PEWire is publishing a mini-series of three Q&A interviews with women working in venture capital. Third up is Itxaso del Palacio, Partner at London-based Notion vc, which invests in enterprise technology and B2B SaaS companies at Series A stage across Europe.
- 16/10/2020
SALTO Systems (SALTO), a manufacturer of electronic access control solutions, has acquired Gantner Electronic Austria Holding (Gantner). With a combined workforce of 1,200 employees in 40 countries, including more than 230 dedicated to R&D, a turnover of EUR260 million and over a million access points delivered each year, the combined group consolidates its position as a global leader in electronic access control.
The transaction was financed by a combination of capital increase, bank financing and cash.
The agreement entails (i) the divestment of Alantra’s existing stake in SALTO and (ii) the subscription of a EUR125 million capital increase to finance the
- 16/10/2020
- 16/10/2020
Private equity firm Dubin Clark’s portfolio company, EMPI, has acquired RacingLine Group (RacingLine). EMPI is a niche market leader in aftermarket automotive parts with a focus on parts for European vehicles, while RacingLine Group is a well-known and fast-growing provider of premium, branded, high-performance parts and software for Volkswagen and Audi vehicles as well as related programs and events.
The acquisition builds the platform for an unrivalled partnership of specialist automotive brands, collectively Euro Motorparts Group (EMP).
RacingLine was founded in 1997 and is headquartered in Milton Keynes, United Kingdom. It is best known for its Performance Parts and Software
- 16/10/2020
- 16/10/2020
Enfusion, a provider of cloud-based investment management software and managed services, has selected Drawbridge Partners, a cybersecurity software and services firm specialising in the needs of hedge fund and private equity managers to bolster its vendor due diligence process.Read the full story at Hedgeweek…
- 16/10/2020
O’Melveny has represented Menlo Microsystems, a company responsible for re-inventing the electronic switch, in its USD44 million Series B funding round.This funding round allows Menlo Micro to significantly accelerate product development and the scaling of production lines.
The round was led by 40 North Ventures alongside San Francisco-based Piva, leading global investor Paladin Capital Group, Vertical Venture Partners, and Tony Fadell’s Future Shape. This round brings Menlo Micro to USD77 million in total funding to date. Menlo Micro is also backed by Corning and Microsemi.
Headquartered in Irvine, California, Menlo Micro has created an entirely new category of electronic switches.
- 16/10/2020
Real estate investor Altera Vastgoed (Altea) and Van Wijnen Projectontwikkeling West have reached agreement on the acquisition of 28 apartments and two maisonettes in the De Rede project in Uithoorn.The project is located on the River Amstel in the centre of Uithoorn, opposite the marina. The location is within the Amsterdam urban region and features excellent connections to Amstelveen, Amsterdam and other cities in the vicinity. The planned extension of the Amstellijn suburban tram line will provide a direct connection to the Amsterdam Zuid (WTC) railway station.
Altera’s CEO, Jaap van der Bijl, says: “The demand for homes in this
- 16/10/2020
Proterra, a specialist in heavy-duty electric transportation, has secured a USD200 million investment led by Cowen Sustainable Advisors (CSI), along with supporting investments from Soros Fund Management, Generation Investment Management, and Broadscale Group. The new investment is comprised of USD150 million from CSI and investments totalling USD50 million from Soros Fund Management, Generation Investment Management, and Broadscale Group.
The new investment will support general corporate purposes, including Proterra’s battery and electric drivetrain research and development, business development activities to expand the use of Proterra’s technology in additional commercial vehicle segments, and the company’s Proterra Energy business to provide supplemental charging
- 16/10/2020
The Patrimonium Private Equity Fund (“Patrimonium”), advised by Patrimonium Private Equity Advisors, has acquired a majority stake in the Roth Group, a Swiss provider of structural fire protection, technical insulation and coating solutions. This lays the foundation for a seamless continuation of the Roth Group’s successful business model. At the same time, the transaction creates synergies for both partners and the financial strength of Patrimonium allows for targeted investments in future growth. The parties have agreed not to disclose the purchase price.
Patrimonium acquires a controlling majority in the Roth Group based in Gerlafingen (SO). The Roth Group is a provider
- 16/10/2020
Praetura Group, a Manchester-based debt and equity capital provider to Northern SMEs, has announced a series of organisational and board changes.Following several successful years of continued and sustained growth in investing and lending, the group will simplify its corporate structure through the creation of two distinct divisions: Praetura Ventures, its early-stage technology-based venture capital arm; and Praetura Debt Services, its SME lending platform (which includes Praetura Asset Finance and Praetura Commercial Finance).
David Foreman and Peadar O’Reilly, both co-founders of the Praetura Group, will lead Praetura Ventures and Praetura Debt Services respectively.
As a result of focusing on
- 16/10/2020
- 16/10/2020
Maples and Calder, the Maples Group’s law firm, has added Mark Crichton to its growing team in the firm’s Jersey office. Working alongside Jersey Partners, Chris Byrne, Simon Hopwood and Paul Burton, Crichton will support the expansion and development of the firm’s growing practice in Jersey. The team, which is widely known for its in-depth experience and ability to advise on complex issues, was recently lauded in The Legal 500 as being “well-versed in the practicalities of using Jersey corporate vehicles in multi-jurisdictional deals and know how to cut straight through the issues to provide solutions”. Crichton’s arrival will certainly strengthen
- 16/10/2020
- 16/10/2020
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