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Primus Power, a leader in grid-scale energy storage, has received USD11 million in its most recent round of financing. DBL Investors and I2BF Global Ventures joined existing investors Chrysalix Energy Venture Capital and Kleiner Perkins Caufield & Byers.
The funds raised complement existing grants from the United States Department of Energy (DOE), the Advanced Research Projects Agency – Energy (ARPA-E), and the California Energy Commission (CEC), and will be used to support continued development and commercialisation of Primus’ low cost, power-dense, distributed storage technology.
Energy storage is a key enabler of the emerging smart grid and reinforces the
Stirling Square Capital Partners (Stirling Square), the pan-European private equity firm, is to sell its majority interest in Metroweb SpA (Metroweb), the owner and manager of the fibre-optic network extending across the metropolitan area of Milan, to F2i, a leading Italian infrastructure fund.
Stirling Square acquired its stake in Metroweb in October 2006 from A2A S.p.A. (A2A) (Milan Bourse: A2), which retained a minority interest in the Company. Since then Stirling Square has worked closely with A2A and supported the management team in the delivery of Metroweb’s development plans. Under Stirling Square control, annual revenues and EBITDA have grown 25%
EQT Expansion Capital II has invested EUR 40 million, in a combination of equity and loans, to enable management to take over the majority of data centre builder Coromatic from private equity fund Litorina Kapital III.
EQT Expansion Capital II will work actively with management to further extend Coromatic’s market position n the Nordic region and to explore growth opportunities internationally.
Coromatic’s core business is the design and installation of high-end turn-key data centres with a special competence in ensuring uninterrupted operations, security solutions and cost efficient cooling. Coromatic also provides adjacent power products and services, such as uninterruptable power
A new Association has been launched this month in Jersey, Channel Islands, specifically focused on the requirements of company directors and officers operating in the island.
The Jersey Association of Directors & Officers (JADO) has been launched in response to a local need for the timely dissemination of news, information and comment on matters relevant to Jersey directors. Within this group dwells the Island’s wealth of experience and JADO intends to tap this source of knowledge for the benefit of the Island generally in terms of contribution to consultation processes, offering solutions as well as helping to maintain standards amongst the
Blackrock Alternative Investors espoused the virtues of alternative investments and the diversifying role they can play in institutional client portfolios in a May 25 presentation entitled: The role of alternatives in institutional client portfolios.
The three speakers included: Matthew Botein (pictured), MD and head of Blackrock Alternative Investors; Marcus Sperber, who heads up Blackrock’s international real estate business, and Ken Kroner, head of Global Market Strategies Group (GMSG).
Botein began by presenting the current market challenges being faced by investors and how alternatives can address them. With ever-declining bond yields and reflated asset prices, the opportunities that existed for pension
After being selected as the sole fund manager for the GBP94m Scottish Loan Fund (SLF or the Fund), Maven Capital Partners (Maven) has made a number of new appointments and opened an office in Edinburgh.
The fund was established by the Scottish Investment Bank to address the demand for finance from eligible SMEs, and has a focus on supporting growth and export businesses that have an established presence in Scotland.
In order to provide comprehensive nationwide coverage, Maven has opened an Edinburgh office, alongside its two long established Scottish offices in Glasgow and Aberdeen. This enlarged office network will ensure
A team from Guernsey is hosting a seminar next month to show a select London audience the attractions of relocating to the Island.
Representatives from Butterfield Bank, KPMG Channel Islands and Guernsey estate agents Swoffers are holding the event to show the benefits for both individuals and businesses of moving to the Island.
The seminar is titled ‘Guernsey, the right destination for you?’ and takes place from 5pm until 7pm on Monday 6th June at the London offices of Butterfield Private Bank.
Jason Woodhard (pictured), Business Development Manager at Butterfield Bank in Guernsey, says: “The aim of this seminar is
Thomas H Lee Partners has signed a definitive agreement to acquire Sword Insurance, a provider of software and services to the property and casualty insurance industry, from Sword Group. The transaction is expected to close next month, subject to regulatory approvals. Additional terms of the transaction have not been disclosed.
“We are very proud of the leadership position we’ve established in both the US and the UK,” says Steve Hauck, Co-CEO of Sword Insurance. “Much of our expanded geographic footprint, growing blue chip customer base and diversified product set is attributable to Sword Group’s support over the last year and
Bayside Capital’s portfolio company, DIAM International (DIAM), the leading global designer and manufacturer of high quality point-of-purchase (POP) displays for cosmetics, has acquired GDP and GDP Tunisia Tech.
Based in France and Tunisia, respectively, GDP and GDP Tech Tunisia are subsidiaries of Xeris SA and are specialists in the design and manufacture of POP displays and testers for cosmetics and perfumes. GDP employs more than 350 people in manufacturing and distributing its products to a diverse customer base that includes leading international cosmetics brands and specialty retail chains. The integration of GDP will allow DIAM to expand its global leadership
Praesidian Capital, a provider of mezzanine capital for small and mid-sized companies, has appointed Ben Marzouk as Managing Director.
"We are very excited to add Ben to the Praesidian team," says Jason Drattell, Founder and Managing Partner at Praesidian Capital. "He has had an accomplished career providing debt solutions and advisory services to middle market companies and brings with him wide-ranging risk and portfolio management experience across multiple industries."
Marzouk comes to Praesidian after two years as Founder and Partner of Mid-Market Credit Advisors, where he provided strategic and advisory services relating to capital raising, M&A and restructuring to private
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