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Coriance, a French district heating company which is currently owned by KKR’s infrastructure funds and a co-investor, is to be acquired by First State Investments managed infrastructure funds.
The proposed transaction is subject to customary approvals. Financial terms have not been disclosed.
Coriance operates a portfolio of 29 regulated district heating concessions in France, under which it supplies heat to residential, social and commercial buildings, and sells co-generated electricity to state-owned utility EDF. The company also provides energy services in the heating sector.
Yves Lederer, CEO of Coriance, says: “We have really appreciated the period working with KKR as our
Dataloop.IO has raised USD5 million in Series A financing from Battery Ventures and Open Ocean, a European early-stage venture capital firm.
Dataloop.IO — whose product is already in use with customers such as Moz.com, BBC Worldwide and Criteo — will use the funds to ramp up product development, sales and marketing. The company is also opening a new headquarters in San Francisco to attract talent and build on its sales momentum in the US.
What separates Dataloop.IO from other IT-monitoring tools — which are critical in today's highly complex data centres – is its focus on making cloud monitoring a
BASF Venture Capital America has acquired EnerG2, a manufacturer of advanced carbon materials for next-generation energy storage devices. The two entities have had a strategic partnership since 2014. Financial details of the transaction have not been disclosed.
“Under BASF’s roof, EnerG2 will continue to develop innovative, high-performance materials,” says Dr Guido Voit, Managing Director of BASF Venture Capital America Inc. “Combining the strengths of both companies unlocks the full potential of EnerG2’s engineered carbons and allows us to grow the business further.”
Engineered carbons enhance storage performance by allowing for higher voltage and energy in supercapacitors and by significantly increasing
Tech-focused private equity firm Francisco Partners and Elliott Management Corporation are to acquire the Dell Software Group from Dell Inc.
The agreement bolsters Francisco Partners and Elliott Management’s technology portfolios with the addition of Dell Software’s diverse combination of security, systems and information management, and data analytics solutions.
“We founded our firm in 1999 to pursue divisional carve outs in the technology sector and today’s agreement continues that vision,” says Dipanjan “DJ” Deb, Francisco Partners’ Chief Executive Officer. “Quest Software and SonicWALL provide mission-critical software to a large and loyal base of over 180,000 customers, and we see significant opportunity
Noerr has advised the Volartus Group on its purchase of HeliService International. Noerr acted for the Volartus Group with a team led by the Munich corporate partners Dr. Tobias Koppmann and Dr. Florian Becker.
With a workforce of over 60, HeliService international GmbH operates a helicopter transport service for persons and cargo. Since 2004, HeliService has been performing helicopter transports for the Alfred Wegener Institute on the research vessel POLARSTERN in the Arctic and Antarctica.
Benefitting from the erection of offshore wind parks in the North Sea, HeliService has established itself as one of the leading providers of personnel transport
Private equity firm Inflexion’s portfolio company, CableCom Networking, has acquired fast-growing utilities business Glide. The acquisition has the potential to revolutionise the student and shared housing market by giving landlords and tenants a simpler, faster way to connect, communicate and manage bills.
The deal will boost CableCom’s growth, by widening its service offering and footprint in the UK’s house share market. Together the businesses will service more than 300,000 student homes. Glide, which offers one monthly bill for all utilities split equally among house sharers, will now be able to use CableCom’s broadband network and infrastructure, enabling landlords to monitor
Industry Ventures has held the closing of Industry Ventures Secondary VIII, a USD500 million secondary fund focused on providing exit alternatives for venture capital investments.
Additionally, the firm closed a USD200 million Special Opportunities Fund that enables the firm to invest in larger transactions in parallel to the main fund.
As the largest dedicated liquidity provider for private shares in leading companies and limited partnership interests in venture funds, the firm now has a total of USD2.7 billion of capital under management and solidifies the firm as the leader in the secondary market for providing comprehensive exit alternatives to employees,
Brookfield Asset Management has completed the spin-off of Brookfield Business Partners, the primary public vehicle through which Brookfield will own and operate the business services and industrial operations of its private equity group on a global basis.
"The spin-off of Brookfield Business Partners completes the fourth pillar of our strategy to consolidate Brookfield's major business units and furthers our asset management strategy, providing investors with direct access to many businesses within our private equity group," says Bruce Flatt, CEO of Brookfield.
The spin-off was effected by way of a special dividend of units of BBU to holders of Brookfield's Class
VCT provider Octopus has announced a successful exit for investors in its GBP300 million Octopus Titan VCT (Titan VCT) as Twitter acquired portfolio company Magic Pony Technology, a technology company which has pioneered new machine learning techniques for visual processing.
Stuart Lewis, VCT Business Line Manager at Octopus, says: “There’s been a real shift in the way VCTs are now viewed by financial advisers and investors. Further restrictions on the amount investors can put into their pensions are propelling VCTs into the mainstream as a tax efficient investment option to consider when planning for retirement. There is a real need
The UCL Technology Fund (UCLTF) is making an investment of up to GBP1 million in biopharmaceutical company, Freeline Therapeutics (Freeline).
Freeline is developing and commercialising gene therapies for bleeding and other life threatening or debilitating disorders. The therapies, which are from one single treatment, have the potential to provide long-term benefits to patients by carrying a therapeutic gene to a target cell in the body.
Freeline was founded in December 2015 by Syncona LLP (‘Syncona’) and UCL Business, the wholly-owned technology transfer company of UCL.
This is UCLTF’s third investment since inception and has been made alongside Syncona’s GBP25 million
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