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Independent infrastructure and private equity investment manager Foresight Group and Williams Advanced Engineering (WAE) have made a GBP500,000 follow-on investment from Foresight Williams Technology EIS Fund into Salvalco, to support the development of aerosol valves that use ecologically sustainable propellants. Overall, the Fund has now invested GBP3.2 million into Salvalco, following the original investment in April 2018.
The Company has recently secured an investment from Beiersdorf, a leading provider of innovative, high quality skincare products, including brands such as NIVEA, Eucerin and La Prairie.
Founded in 2013, Salvalco develops innovative valve systems, called Eco-Valve, based on prior research by the Spray
Private equity and infrastructure investment manager Foresight Group (Foresight), has made a further GBP2 million follow-on investment into Envair Technology, a provider of containment solutions that facilitates faster and more flexible drug R&D and manufacture across the globe.The investment will support the acquisition of Total Containment Solutions (TCS), a designer and manufacturer of high specification pharmaceutical fume cupboards, increasing the Company’s product portfolio as it supports customers in the pharmaceutical, bio-pharmaceutical, healthcare and industrial markets.
The transaction will enable the Company to engage with customers further up the drug development and manufacturing value chain; Envair Technology today supports the safe
ENSEK, a software supplier to UK energy providers, has acquired NrgFin, a Benelux-based consultancy and data analytics company. The deal is part of ENSEK’s growth strategy to expand into new international territories within Western Europe, as well as pursuing wider growth opportunities in the UK. With this acquisition, ENSEK will set foot on the European continent for the first time.
The deal represents the first acquisition completed by ENSEK. The business, which has been backed by leading UK mid-market private equity firm LDC since October 2017, has more than doubled its revenues in the past two financial years following
Aberdeen Standard Investments (ASI) infrastructure debt team has invested GBP48 million in a UK smart meter business.This partnership with Calvin Capital, a part of the Calisen Group, will help drive the UK’s green agenda forward aligning UK homes with UK smart meter ambitions and targets. ASI’s investment helps refinance 3.8 million smart meters and facilitate the installation of a further 6.4 million smart meters by the end of 2024.
The investment was made on behalf of the ASI Multi-Sector Private Credit Fund as well as strategic clients, including Phoenix Group, amongst others. The investment will deliver long-term, reliable cash
kompany, a RegTech platform for Business KYC (KYB) has secured new investment of almost EUR6 million, the company’s largest single investment round to date. kompany will use the new funding to accelerate growth and expand its new product lines, the AI-based shareholder analysis tool UBO discovery and the DLT-based audit-trail solution KYC onchain.
Fairway Global Investment led the round, together with Global Brain, a major venture capital firm based in Tokyo, Japan, who acted as co-investor. Both are global investors in RegTech, FinTech and the payment sector and expect their portfolio companies to benefit from kompany’s technological lead in Business KYC
US private equity firm KKR has released its second quarter financial results showing 5 per cent higher earnings for the first six months of 2020 compared to the first six months of 2019.
The firm’s private equity funds increased 11 per cent in the second quarter, while its global infrastructure and real estate funds increased by 7 per cent and 2 per cent.
New capital raised in the quarter totalled USD16 billion – a record quarterly figure for KKR – driven by fundraising across its Asia Private Equity, Asia Infrastructure, Core Plus Real Estate and Dislocation strategies, according to the firm.
Turnspire Capital Partners (Turnspire), a special situations-focused private equity firm, has signed a definitive agreement to acquire the Goodyear air springs business (Goodyear Air Springs) from EnPro Industries, (EnPro).Goodyear Air Springs, under a global and exclusive license from The Goodyear Tire and Rubber Company and headquartered in Fairlawn, Ohio, is a provider of premium air springs for trucks, trailers, buses, and specialty vehicles. Founded by The Goodyear Rubber and Tire Company in 1957, Goodyear Air Springs has over 60 years of technology leadership. The Company is a preferred partner to original equipment manufacturers (OEM) and trucking fleets across North America
Karma Ventures and byFounders have led a USD6.1 million funding round in Icelandic anti-money laundering startup Lucinity.
Existing investors Nordic based Crowberry Capital and US based early stage investor Preceptor Capital also participated in the founding round.
The software startup Lucinity is an Anti-Money-Laundering app that “uses human AI to ‘make money good’ by augmenting financial crime fighters in financial firms with AI technology,” according to the company.
Margus Uudam, founding partner at Karma Ventures, led the deal. “The huge problem Lucinity tackles, the team’s excellent background in financial services and AML solutions industry and the revolutionary approach that the
By Deborah Ruff, Head of US & International Arbitration, Julia Kalinina Belcher, Counsel, and Charles H Golsong, Counsel, Pillsbury Winthrop Shaw Pittman LLP – On 22 May 2020, the Tribunal de Commerce of Paris ordered the insurance giant AXA France IARD SA to pay Maison Rostang, a Michelin-starred Parisian restaurant, EUR 45,000 for two months’ worth of revenue lost due to the Covid-19 pandemic. A simple case of Covid-19 losses? Not quite.
Foley & Lardner has appointed Stephen Meli as a partner in the firm’s Business Law Department and Fund Formation & Investment Management Practice Group in Boston. Meli comes to Foley from Proskauer Rose, where he was a partner in the Private Investment Funds Group. His arrival follows directly on the heels of partner Katharine Beattie, who joined Foley’s Boston office last month.
Meli focuses his practice on private fund formation, emerging and spin-out private fund sponsors, and institutional investor representation. He establishes and structures emerging- and middle-market buyout, venture capital, growth equity, credit and similar funds, including funds-of-funds and secondary
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