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Blackstone Resources has appointed David Flaschenträger as the new CMO and Project and Product Manager of Blackstone Technology.
Flaschenträger is an experienced engineer and held previously various managing positions at companies such as Quantron AG, E-Force One AG and BMZ GmbH. During his time at the Fraunhofer Institute LBF he received his PhD in Engineering from the Technical University of Darmstadt.
Flaschenträger’s main responsibilities will include taking care of the relationships that Blackstone Technology has already established with future clients. These organisations come from a variety of sectors, such as automobile (OEMs), maritime, renewable energy storage and aviation. He
Queen’s Park Equity (QPE) has made a further appointment to its investment team.
Manning joins the investment team from Livingbridge, bringing several years of transaction and board experience. He has worked with businesses across the healthcare and business services sectors, helping them to deliver ambitious strategies and become market leaders. Prior to Livingbridge, Manning spent three years at Arrowpoint Advisory, having previously worked at KPMG.
Jonny Kay, Managing Partner, says: “We’re delighted to welcome Nick as we continue to build the team following the closing of our debut fund in December. His appointment comes at a busy and
Ocorian, a specialist in corporate and fiduciary services, fund administration and capital markets, has appointed Kareem Robinson as Client Director – Capital Markets in the Cayman Islands.
Read the full story at Institutional Asset Manager…
YFM Equity Partners (YFM) is continuing to support the growth of innovative Scottish software business Traveltek with a GBP1.3 million investment from funds managed by YFM and co-investor FTI LLP.
Over the last 20 years, Traveltek has developed technology which enables leisure travel companies to package together an extensive range of hotels, flights, cruises and ancillary travel services in one seamless transaction. Private equity house YFM has supported the business since 2016 when it made its first investment of GBP5.3 million, allowing the business to become one of the most advanced travel booking engines in the market. Recent developments include
YFM has exited its investment in FourNet, a digital transformation and customer experience specialists whose clients include 10 Downing Street, the Cabinet Office, HM Treasury and the Bank of England.
The secondary buyout deal backed by Palatine Private Equity generated a six-times return for YFM’s investors in less than four years.
Dan Freed, partner at YFM, says: “We backed FourNet as a niche business with a strong reputation in a specialist and rapidly growing market, knowing that, with our support, they could continue to thrive. They are exactly the type of business and management team that YFM looks
High-Tech Gründerfonds, Creathor Ventures, KfW and Bayern Kapital have announced that they are committed to sell their shares of SIRION Biotech GmbH, a global provider of viral vector-based technologies that drive improved delivery performance for cell and gene therapies.
University of Edinburgh start-up REOptimize Systems, has completed a seed funding round to accelerate the commercialisation of its ground-breaking wind turbine improvement technology. Enhanced by proprietary Artificial Intelligence (AI) technology, this breakthrough innovation will maximise energy production on commercial wind turbines.
REOptimize has concluded a GBP300,000 equity seed funding made by a group of investors including Ian Marchant, the former CEO of the utility giant SSE and Johnnie Andringa, a serial entrepreneur in wind energy and other renewable energy technologies.
REOptimize Systems has recently deployed their technology in several commercial projects, achieving an increase in annual energy production in
Vienna-based Ed-Tech scale-up GoStudent, which provides one-to-one video-based online tutoring, has hit unicorn status less than 2.5 years after finding its current business model, following a successful Series C funding round of EUR205 million.
Global beauty and wellness company Present Life has sold its brand Healist to leading US CBD lifestyle company Kadenwood.
In a simultaneous move Present Life owner The Craftory is investing in Kadenwood thereby creating a new partnership intended to disrupt the industry status quo.
“Healist’s mission is to help people defend their wellness against the challenges of modern life. Just 12 months after its launch, we have already built a successful business with national distribution across the USA, UK, & Brazil and have a loyal base of customers who love the brand. We are thrilled that this partnership with Kadenwood
Foresight Group, a listed infrastructure and private equity investment manager, has invested GBP3.0 million of growth capital into NorthWest EHealth Limited (NWEH), providers of software and services to the clinical trials market.
Established in 2016, NWEH grew out of a collaboration between the University of Manchester, Salford Royal Foundation NHS Trust and Salford Clinical Commissioning Group. Its products provide the life sciences industry with an alternative approach to clinical trial design and management. NWEH’s leading-edge technologies help run trials more cost effectively, from feasibility studies to the World’s first large scale Phase III trial using data directly from source electronic
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