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Permira, a global private equity firm, has appointed Koen Köppen as a Senior Adviser to its global technology team, with a focus on software and fintech. Koen is currently Chief Technology Officer (CTO) at Mollie, a digital payment service provider.
At Mollie, Köppen is responsible for the reliability, scalability and development of the company’s technology platforms. Prior to joining Mollie, he spent over a decade at Klarna, where he held several leadership positions before becoming its CTO in 2017. He is also a Board member at GoCardless, a leading alternative payment methods provider.
At Permira, Köppen will use his experience,
Cura Terrae, a new environmental services group backed by Palatine’s Impact Fund, has made its first acquisition since its creation in March with a bolt-on deal for group company Envirocare of S I Environmental, an established occupational health consultancy based in Nottingham.
The acquisition expands Envirocare presence to the East Midlands alongside its existing bases in Bradford, Brackley (Northants) and East Kilbride in Scotland.
S I Environmental was established in 2000 and has a strong market reputation and a number of specialist and experienced staff; some with over 30 years’ experience in occupational hygiene monitoring.
This acquisition was backed by
NPIF – Maven Equity Finance, managed by Maven Capital Partners (Maven) and part of the Northern Powerhouse Investment Fund (NPIF), has invested £250,000 in RiskSmart.
RiskSmart is currently developing an integrated risk management platform that will make risk management simpler for SMEs by utilising Machine Learning (ML) and Artificial Intelligence (AI) technologies to leverage valuable data. Its platform and solutions simplify, centralise and digitalise risk management to increase confidence and business resilience.
Funding from NPIF – Maven Equity Finance will support the business as it aims to bring its innovative solution to market, with its minimal viable product set for
RESA Power, a specialist in power systems electrical testing, transformer services and life extension solutions for power distribution equipment, and a portfolio company of Investcorp, has acquired Advanced Electrical Services, Ltd.
RESA Power was acquired by Investcorp in December 2021 and this deal marks the first add-on acquisition under the alternative investment firm’s ownership.
Advanced Electrical Services (AES) is a NETA accredited company that has two locations in Calgary and Edmonton from which it has been providing electrical testing services since 2008 throughout Western Canada. AES specialises in providing medium and high-voltage services and products into the renewable energy, mining,
Highview Capital (Highview), a Los Angeles-based middle-market private equity firm, has promoted Victor Bunce to vice president and added three additional professionals tom its team. Krysty Penwell and Scott Kingsley have joined as vice presidents and Christian Boorom has joined as an associate.
Bunce joined Highview in July 2020 and works across a variety of existing portfolio companies including GS Foods, Randall Foods and Watterson. He also currently serves on the Board of Directors of Watterson. Prior to joining Highview, Victor worked at Harris Williams, a middle market investment bank.
Penwell is a vice president on Highview’s business development team. She
Graphite Capital, a UK mid-market private equity specialist, has sold YSC Consulting, an independent global provider of leadership strategy consulting and advisory services, to a global professional services company.
Graphite led the buy-out of YSC Consulting in 2017 and has worked closely with the management team to transform the business. Under Graphite’s ownership YSC expanded its client base, broadened its range of services and strengthened its international presence. It strategically repositioned its services towards the C-Suite and established a dedicated private equity practice, currently serving over 40 global private equity funds.
Graphite also invested in and supported YSC
Fitch Ratings has published an update to its “Private Equity Collateralised Fund Obligations (PE CFO) Rating Criteria”, which outlines the agency’s methodology for analysing credit risk in securitisations backed by alternative investment funds.
This report updates and replaces the prior criteria reported titled “Private Equity Collateralized Fund Obligations (PE CFO) Rating Criteria” dated 4 December, 2020. The changes will not have an impact on any PE CFO ratings.
In the new criteria, the specific loan-to-value (LTV) limit of 50% for investment grade ratings has been removed. Fitch will continue to assess the appropriate level of credit enhancement for each transaction
Financial Venture Studio, a venture capital fund focused on early-stage fintech startups in the US, has held the final close of its second fund with approximately $40 million in commitments from an array of institutional investors, including banks and insurance companies, as well as pension funds, and global fund-of-funds.
CBRE Investment Management (CBRE IM) is to take full ownership of Norwegian ferry and express boat operator Norled AS, after agreeing to acquire CapMan Infra’s holding in the business.
Balderton Capital has appointed Elodie Broad, an experienced leader in corporate sustainability and sustainable finance, as its first head of impact and sustainable future goals (SFGs).
The appointment follows the publication of Balderton’s inaugural SFG report in December 2021. The report introduced Balderton’s ten SFGs – which were modelled on and inspired by the UN SDGs – to capture the firm’s imperatives and ambitions across a range of sustainability-related topics including climate change, gender equality, and economic integration. The report provided an initial OKRs (Objectives & Key Results) assessment along Balderton’s three impact axes: its internal operations, its investment decision
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