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Aviva has launched Aviva Ventures, a wholly owned venture capital business which will invest in a range of digital and new technology businesses.
Aviva Ventures will provide early stage investment to back entrepreneurs with high growth businesses and, over time, expects to have a portfolio of small investments in a number of companies which have significant potential.
Housed at Aviva’s Digital Garage in London’s Hoxton Square, Aviva Ventures will look to commit approximately £20m per year over the next five years. Aviva Ventures will target investments in digital and technology companies operating in four areas: ‘the internet of things’, for
Renaissance Capital, an emerging and frontier markets investment bank, has completed two debt capital markets transactions last week.
A USD50 million Eurobond issue for ABH Ukraine, the sole shareholder of Alfa Bank Ukraine. The new bond issue was a Reg S market only transaction with a one-year maturity and a coupon rate of 10%. Alfa-Bank Ukraine is a leading Ukrainian commercial bank with international capital. The bank ranks among the ten largest banks in Ukraine, according to the National Bank of Ukraine. Renaissance Capital London acted as the Sole Lead Manager for the issue.
A USD40 million Bond Tender
MEAG, Munich Re’s asset manager, is to acquire 38.4 MW of wind power developed by Eolus in a deal worth SEK425 millon.
The agreement covers the delivery of eight Vestas V112 3.3 MW wind turbines for a total of 26.4 MW in wind farm Iglasjön in Kungsbacka municipality and the operational 12 MW wind farm Jung-Åsa comprising of six Vestas V90 2.0MW wind turbines in Vara municipality. Wind farm Jung-Åsa was taken into operation during 2014 and wind farm Iglasjön is under construction and is scheduled to be taken into operation during 2016.
As part of the agreement Eolus will
Mooreland Partners acted as the exclusive financial advisor to iTAC Software on its sale to Durr Group.
Based in Montabaur, Germany, iTAC is a leader in industrial Internet of Things (IoT) software. The company combines expertise in the fields of IT and production technology, and has already equipped over 140 factories worldwide in various industry segments with its cloud-based MES software, iTAC.MES.Suite. Customers include carmakers and automotive component suppliers as well as major producers in the electronics, telecommunications and medical technology sectors.
"Powered by the industrial IoT, the global manufacturing sector is entering into a new phase of automation where
Karolinska Development AB has appointed experienced life science investor Viktor Drvota MD PhD as the firm’s new Chief Investment Officer.
Terje Kalland MD PhD, the Company's Deputy Chief Executive Officer and Chief Scientific Officer, will retire from both positions effective 31 December, 2015.
Dr Drvota joins Karolinska Development from SEB Venture Capital, where he has been Head of Life Science since 2002 and a senior investment manager. Prior to this he was a practising cardiologist at Huddinge University Hospital in Stockholm for 11 years, and since 2002, Associate Professor in Cardiology at Karolinska Institutet, Stockholm.
During his time with SEB
Gousto, the recipe box delivery company, has raised an additional GBP9 million bringing the total raised to date by the firm to GBP20 million.
Founded in 2012, Gousto delivers ingredients boxes for specific, suggested recipes. This latest investment includes GBP3m from BGF Ventures – the first investment for the GBP200 million fund since it opened its doors to early stage technology companies in the autumn of this year – alongside existing investors MMC Ventures, Unilever Ventures and the Angel Co-Fund.
Gousto is one of the UK’s fastest growing technology-based companies. Last month, it delivered more than 300,000 meals to homes
Private equity firm Arle CapitalPartners is to sell Stork, a provider of knowledge-based asset integrity services focusing on the Oil & Gas, Chemical and Power sectors, to Fluor Corporation (Fluor) for EUR695 million.
The sale of the business, formerly Stork Technical Services, represents a full exit from Stork Holdings BV. following the sale of Fokker Technologies to GKN for EUR706 million which was closed in October this year.
John Arney, Managing Partner of Arle, says: “We are delighted with the agreed sale of Stork to Fluor which delivers a full exit at an attractive valuation, fairly reflecting the high
Elian has formally completed its acquisition of SFM Europe. Merging Elian's existing International Finance team and the SFM Europe team, the combined service line will be made up of more than 150 employees, and it will be led by SFM Europe CEO, Robert Berry.
SFM Europe offers services for the management of securitisations, structured finance and asset finance to global banks, investment managers and blue chip corporates. The completion of this acquisition significantly bolsters and expands Elian’s international finance offering.
The deal, which was announced in September, brings Elian’s head count to 640 employees and increases its geographical spread
Mooreland Partners has acted as the exclusive financial advisor to iTAC Software on its sale to Durr Group.
Based in Montabaur, Germany, iTAC is a leader in industrial Internet of Things (IoT) software. The company combines expertise in the fields of IT and production technology, and has already equipped over 140 factories worldwide in various industry segments with its cloud-based MES software, iTAC.MES.Suite. Customers include carmakers and automotive component suppliers as well as major producers in the electronics, telecommunications and medical technology sectors.
"Powered by the industrial IoT, the global manufacturing sector is entering into a new phase of automation
Raiffeisen, the third-largest banking group in Switzerland and a partner of Avaloq since 2007, is acquiring 10 percent of the Avaloq group’s shares as part of a strategic plan by Avaloq to strengthen its capital base for upcoming opportunities.
As part of its growth strategy, the Avaloq group is expanding its number of shareholders and adding a strategic partner. Raiffeisen, one of the system-relevant banking groups in Switzerland and part of the Avaloq Community since 2007, is acquiring 10 percent of the Avaloq group’s treasury shares. With Raiffeisen’s investment in Avaloq, the two leading companies strengthen their existing partnership and
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