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Triogen Group, a supplier of waste heat recovery solutions, has closed a EUR6.5m financing round.
Wadinko NV joined as a new investor and led the round. Existing investors Yellow&Blue, Intervest and management also participated in the round.
The new funding builds on strong results to date and will be used to further accelerate growth within the EU and internationally, as well as to strengthen ties with strategic partners. Over the past years Triogen has expanded its reseller network and installed base to ten countries, proving commercial validation and operational robustness in a broad range of markets, regulatory environments
The M&A Advisor has promoted David Fergusson from senior managing director to the newly formed position of president with leadership responsibility for the firm’s day-to-day operations.
The new role is effective immediately.
"The M&A Advisor has benefitted greatly from David Fergusson’s vision and his expertise in business acceleration since he joined our firm’s advisory board in 2005. I personally credit David, a veteran brand and company builder with significant international experience, for the significant development of our firm since he assumed the role of senior managing director in 2010," says The M&A Advisor’s founder and chief executive Roger Aguinaldo.
The Russian Direct Investment Fund (RDIF) and General Electric (NYSE:GE) are to create a joint venture (JV) for the construction of mini power plants for manufacturing companies across Russia.
The Memorandum will be signed at a ceremony on June 21st by Ron Pollett, GE President and CEO for Russia and CIS countries, and Sean Glodek, RDIF Director, at the Saint-Petersburg International Economic Forum. Jeff Immelt, GE Chairman and CEO, and Kirill Dmitriev, RDIF CEO, will also attend the signing.
Growing demand for individual electric power generation systems in Russia has been driven by growth of the industrial sector. The
George Whitehead, Venture Partner Manager for the ventures team at Octopus Investments responds to NESTA’s suggestion that the the UK venture capital market is falling behind its US counterpart…
Whilst the average returns for venture capital funds can look weak on both sides of the pond, the reality is that the most sophisticated investors don’t look to put money in to ‘average’ funds. Instead they fight to get in to the top quartile performing funds, which account for 80% of the value of the market, and consistently demonstrate very high returns. In both the US and UK there is a
Ashburton (Jersey) Limited is to form the international arm of a new asset manager that will become the fourth financial services franchise of FirstRand Limited alongside existing brands FNB, RMB and WesBank.
The new business takes its name from Ashburton, which has a long established track record of providing traditional products in developed and emerging markets, and which will now form part of Ashburton Investments.
These traditional offerings – currently managed on behalf of both international and Southern African investors – will be supplemented by the integration of the investment management businesses of BJM, RMB Private Bank
Yichen Zhang, chairman and chief executive officer of CITIC Capital Holdings Limited, has been elected to the Emerging Markes Private Equity Association’s (EMPEA) board of directors.
Zhang (pictured) founded CITIC Capital in 2002. Prior to CITIC Capital, he joined CITIC Group in 2000 as an executive director of CITIC Pacific and president of CITIC Pacific Communications.
As chairman and chief executive officer of CITIC Capital, he leads one of China’s prominent investment firms. CITIC manages over USD4bn from both international and Chinese investors, specialising in alternative investing management and advisory.
Zhang says: “I am honoured to be
Abacus Group has launched FlexDrive, a file-hosting service that allows hedge funds and private equity firms to securely share and transfer files with other users and other devices.
FlexDrive provides on-demand cloud storage and sharing as well as instant file synchronisation, giving users access to their files no matter what computer or device they are using.
Hedge fund and private equity fund managers can now easily exchange and collaborate on files via desktop computer, mobile device or tablet. The FlexDrive server is located in the Abacus Group private cloud, where users get all of the inherent benefits of
German Equity Partners III (GEP III), the private equity fund managed by ECM Equity Capital Management, is selling its majority shareholding in KADI, a Swiss producer of frozen food, to the Munich-based private equity company Paragon Partners.
GEP III acquired a majority interest in KADI in July 2008 in the context of an ownership succession. The management team will maintain a significant equity interest in the company and is reinvesting as part of this transaction.
Together with Paragon Partners KADI intends to continue its growth strategy. The parties have agreed not to disclose the purchase price or other
Allianz Global Investors (AllianzGI) has made two new hires as it bolsters its infrastructure debt team to meet the burgeoning pipeline of deals.
Nicolas Lucas joins the growing infrastructure debt team at AllianzGI in a newly created role expanding their execution capacity. He will report into Adrian Jones, director of infrastructure debt.
Lucas has over seven years of experience within infrastructure and more than nine years of experience in the financial services industry. He joins AllianzGI from The Royal Bank of Scotland where he was vice president in infrastructure, power & utilities. Prior to this he held analyst and
SiteWit Corporation, which automates search engine marketing and website engagements for small businesses, has raised over USD1.5m in new equity capital from investors including Stage 1 Investors.
SiteWit provides small to medium sized businesses with tools that enable them to efficiently market their websites on Google AdWords, Bing Ads and Yahoo, which results in higher conversion ratios of website visitors to customers and sales growth. SiteWit markets its tools exclusively through a cadre of large hosting and software as a service partners who focus website building software and also partners who create marketplaces for the SMB market.
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