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NewAlpha Asset Management’s dedicated FinTech Venture Capital fund has made its first investment, a EUR2.3 million capital increase in Heoh, a technology platform for donations at payment terminals.
Heoh plans to raise EUR60 million for NGOs in the next five years while offering merchants and payments companies an innovative charitable service that complements existing solutions.
Ghislain d’Alançon, specialist in means of payment, and Antoine Vaccaro, specialist in philanthropy, set up Heoh in 2012 to offer consumers a simple direct way to finance charitable projects through a new fund-raising circuit on electronic payment terminals and bank cards. In 2013, Heoh
British Business Bank Investments Limited’s Venture Capital Catalyst Fund has invested EUR13 million (GBP10 million) in the first close of Atlantic Bridge III, a new EUR140m Fund for technology companies with global market scalability.
Atlantic Bridge III will invest in up to 20 companies and will focus on scaling businesses in the UK, Ireland and across Europe in high growth enterprise technology sectors including cloud, big data, augmented and virtual reality software, robotics and internet of things. The investment from British Business Bank Investments will help Atlantic Bridge scale up its existing operations in the UK as it seeks to
Increased confidence in the Channel Islands’ funds sector is reflected in positive year-end figures from both Guernsey and Jersey, says Ogier funds partner Simon Schilder.
The year-end figures for Guernsey funds under management and administration increased by 1.2 per cent to reach GBP2.7 billion over the fourth quarter of 2015 and GBP8.2 billion (3.7 per cent) year-on-year to reach GBP227.6 billion.
Jersey’s statistics revealed a GBP7 billion increase over the quarter – though a GBP3 billion loss year-on-year – to GBP225.8 billion in regulated funds under administration.
Schilder says: “ESMA’s positive recommendation of Jersey and Guernsey for the extension of
Conscious of the ongoing fight against inequality and as part of its commitment to socially responsible investment, Idinvest Partners has decided to support several charitable organisations by working with an intermediary organisation, Epic Foundation.
Idinvest will initially support two specific initiatives through the foundation, Simplon.co and Sport dans la Ville.
Christophe Bavière, CEO of Idinvest, says that: “Idinvest was enormously impressed by the Epic Foundation’s operational model. Modern and transparent, it gives donors complete visibility on the use of their donations and the impact they have. This trusting relationship is critical for all parties involved. It forms the basis
Fraser McCombs Capital (FMC) is launching a second automotive-focused investment fund, FMC Fund II.
FMC was founded by Billy Joe “Red” McCombs and Chase Fraser in 2012. McCombs is the founder of the Red McCombs Automotive Group, a co-founder of Clear Channel Communications, a former owner of the San Antonio Spurs, Denver Nuggets, and the Minnesota Vikings, and the namesake of the McCombs School of Business at the University of Texas at Austin. He is a long-standing member of Forbes magazine’s top 400 richest Americans and has owned nearly 400 businesses during his career.
The firm’s three directors, Chase Fraser,
Advantage Capital has appointed James O’Rourke as a managing director based in New York.
A seasoned investor and portfolio manager, O’Rourke will focus on developing the firm’s reach in the northeastern region of the US. O’Rourke brings 12 years of experience in debt and equity investing in a wide variety of sectors, including the consumer, manufacturing, technology, health care, and telecommunication industries.
“We are excited to welcome an experienced investor like Jim to our team,” says Scott Murphy, managing director and chief investment officer at Advantage Capital. “He will be a valuable asset to our team as we focus on
Taaleri Plc has acquired a 25 per cent minority interest of its subsidiary Taaleri Private Equity Funds Ltd at a purchase price of EUR12 million. The purchase price is based on an external valuation.
The Board of Directors of Taaleri Plc obtained a positive fairness opinion (available as attached) from Sisu Partners Oy. Following the transaction, Taaleri Plc owns 100 per cent of Taaleri Private Equity Funds Ltd.
The subsidiary’s minority shareholders have been Taaleri Plc’s CEO Juhani Elomaa and Deputy CEO Karri Haaparinne, each with a 10 per cent holding, as well as other Taaleri key individuals, with a
UK venture capital investor Albion Ventures has held the early close of the Albion VCTs Prospectus Top Up Offers after raising GBP36 million across its six venture capital trusts.
The Offers targeted a monthly tax-free income of around 6 per cent p.a. (for investors who invested equally across all Offers), equivalent to approximately 8.5 per cent on the net cost of investment after up-front tax relief at 30 per cent. Investors in the Offers also have the option to boost their capital growth by participating in the dividend reinvestment schemes (DRIS), under which dividends are reinvested in the form of
Slice Labs Inc, an insurtech startup set to launch the industry’s first on-demand insurance platform to support the on-demand economy, has secured USDUSD3.9 million in seed funding led by Horizons Ventures and XL Innovate.
Slice is reimagining insurance for the new economy using design, technology, and data. The Slice on-demand insurance platform allows participants to easily purchase insurance when they need it, with a tap. Slice’s first product launched on the platform will be a proprietary pay-per-use policy for Uber and Lyft drivers that covers the driver from the time they turn on the rideshare app until they turn it
A fund managed by Impax Asset Management is to sell its 107.7MW wind farm portfolio (the Portfolio) located in Finland, to a fund managed by Allianz Capital Partners, the Allianz investment manager for alternative investments.
The sale is in accordance with the fund’s strategy of realising assets once they are operational. Impax has grown the Portfolio by acquisition since 2013, and subsequently constructed the entire Portfolio which includes three projects in Finland, two in Lapland and the third in the North Ostrobothnia region. It has a total installed capacity of 107.7MW, comprising 35 wind turbines with a combination of Vestas
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