Investment fund

Yara Growth Ventures invests in Dynelectro – an innovation leader in electrolysis technology for low-cost renewable hydrogen.

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星期五, 三月 8, 2024

Yara Growth Ventures invests in Dynelectro, who develops technologies to unlock the potential of solid oxide electrolysis (SOE).

Key Points: 
  • Yara Growth Ventures invests in Dynelectro, who develops technologies to unlock the potential of solid oxide electrolysis (SOE).
  • While SOE yields the highest possible efficiencies to produce renewable hydrogen and e-fuels, it has been suffering from system lifetime issues up to now.
  • The investment is part of Yara’s ambition to decarbonize fertilizer production and enable the hydrogen economy.
  • Investing in companies like Dynelectro realizes that strategy by supporting new technologies for the production of affordable low-emission end products.

Northern Trust Announces Leadership Changes

Retrieved on: 
星期三, 二月 7, 2024

Northern Trust announced that Clive Bellows, currently Head of EMEA Global Fund Services, will assume the role of President, Europe, Middle East and Africa (EMEA).

Key Points: 
  • Northern Trust announced that Clive Bellows, currently Head of EMEA Global Fund Services, will assume the role of President, Europe, Middle East and Africa (EMEA).
  • Bellows will succeed Teresa Parker, President, Europe, Middle East and Africa, who plans to retire at midyear, culminating a 42-year, globe-spanning career at Northern Trust.
  • “Teresa has been a tremendous partner in all aspects of our business, and we thank her for ably representing Northern Trust with professionalism, integrity and consummate leadership,” Chairman and Chief Executive Officer Michael O’Grady said.
  • Parker, who joined Northern Trust in 1982, created a strong foundation of risk management and sustainable growth across asset servicing, asset management and wealth management in the EMEA region.

Associated Capital Group, Inc. Reports Fourth Quarter and Full Year Results

Retrieved on: 
星期三, 二月 7, 2024

In the first quarter of 2024, we completed the distribution of approximately $4.0 million to various organizations selected by our shareholders for our 2023 program.

Key Points: 
  • In the first quarter of 2024, we completed the distribution of approximately $4.0 million to various organizations selected by our shareholders for our 2023 program.
  • Fourth quarter revenues were $5.6 million compared to $7.5 million for the fourth quarter of 2022, based on lower average AUM and lower performance-based fees in 2023.
  • Net investment and other non-operating income was $26.7 million for the fourth quarter, an increase of $7.1 million from the $19.6 million recorded in the year ago quarter, reflecting the appreciation of our equity portfolios in this year’s fourth quarter in addition to interest income in the current quarter.
  • The fourth quarter of 2023 includes a Management fee of $2.4 million versus none in the fourth quarter of 2022 due to losses.

Keepit Secures $40 Million in Refinancing From HSBC Innovation Banking to Boost Growth

Retrieved on: 
星期二, 一月 9, 2024

Keepit has today announced HSBC Innovation Banking, the global, specialised banking partner for businesses in cutting-edge sectors, has provided a $40 million refinancing package in partnership with The Export and Investment Fund of Denmark (EIFO).

Key Points: 
  • Keepit has today announced HSBC Innovation Banking, the global, specialised banking partner for businesses in cutting-edge sectors, has provided a $40 million refinancing package in partnership with The Export and Investment Fund of Denmark (EIFO).
  • The new $40 million refinancing package from HSBC Innovation Banking follows Keepit’s $30 million Series A funding round in 2020, and a total of $22 million debt financing in 2022 from Silicon Valley Bank UK, now HSBC Innovation Banking, and Vækstfonden, now the Export and Investment Fund of Denmark (EIFO), the national promotional bank and export credit agency of Denmark.
  • Morten Felsvang, CEO and co-founder at Keepit, commented:
    “We are very proud to have the continued backing of HSBC Innovation Banking.
  • Being part of this refinancing package, together with HSBC Innovation Banking, we reconfirm our trust in the company.”

KBRA Assigns Ratings to Sagard Senior Lending Partners RN-U LP

Retrieved on: 
星期三, 十二月 20, 2023

KBRA assigns a BBB rating to the Class A Notes, a BBB- rating to the Class B Notes, and a BB- rating to the Class C Notes (together, the “Notes”) issued by Sagard Senior Lending Partners RN-U LP (the “Issuer”, “Borrower”, or “Partnership”).

Key Points: 
  • KBRA assigns a BBB rating to the Class A Notes, a BBB- rating to the Class B Notes, and a BB- rating to the Class C Notes (together, the “Notes”) issued by Sagard Senior Lending Partners RN-U LP (the “Issuer”, “Borrower”, or “Partnership”).
  • Proceeds of the Notes along with the LP Interests will be used by the Partnership to invest primarily into direct lending assets to middle market companies.
  • As such, post commitment period, no proceeds will be distributed to the LP Interests until the Notes have been paid in full.
  • Manager Review: Sagard is a multi-strategy alternative asset management firm with more than US$15.7B under management, 125 portfolio companies, and 350 professionals.

Freya Biosciences Announces $38 Million Funding in One of the Largest Series A Raises to Advance Women’s Reproductive Immunotherapies

Retrieved on: 
星期二, 十二月 12, 2023

Freya Biosciences, a trans-Atlantic biotech company specializing in women's health, announced today a $38 million Series A financing – one of the largest raises to advance women’s reproductive immunotherapies.

Key Points: 
  • Freya Biosciences, a trans-Atlantic biotech company specializing in women's health, announced today a $38 million Series A financing – one of the largest raises to advance women’s reproductive immunotherapies.
  • “We are very excited to announce Freya’s Series A fundraise, with the support of this dedicated team of investors,” said Colleen Acosta, CEO of Freya Biosciences.
  • “Conditions that disproportionately and differently affect women have traditionally been underfunded in proportion to its burden on human health.
  • The funding will also advance Freya’s multi-omics data science platform, which includes deep microbiome sequencing and vast multiplexed immune biomarker profiling in human clinical samples.

Expedition Growth Capital and EIFO invest $16 Million in Factbird to boost international growth

Retrieved on: 
星期五, 十一月 24, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231124761732/en/
    With the additional funding, Factbird intends to further its global expansion and improve its manufacturing intelligence solutions.
  • (Photo: Business Wire)
    The money comes from the English capital fund Expedition Growth Capital and Denmark's Export and Investment Fund, EIFO.
  • The funds will help Factbird's international expansion after its 2021 separation from consulting firm Emendo Consulting Group as an independent tech company.
  • David Olsson, Principal at Expedition Growth Capital, states, “One of the biggest problems in manufacturing today is the lack of real-time operational data.

Europe Alternative Lending Business Report 2023: Rising Inflation and Soaring Cost of Living are Leading More Consumers Towards Alternative Lenders, Including BNPL Providers - ResearchAndMarkets.com

Retrieved on: 
星期二, 十一月 21, 2023

Alternative lending market in Europe is expected to grow by 19.3% on an annual basis to reach US$80.2 billion in 2023.

Key Points: 
  • Alternative lending market in Europe is expected to grow by 19.3% on an annual basis to reach US$80.2 billion in 2023.
  • This report offers a comprehensive data-driven analysis of the alternative lending market, providing in-depth insights into its market potential and various aspects.
  • The alternative lending market in the region will increase from US$67.2 billion in 2022 to reach US$120.1 billion by 2027.
  • Rising inflation and soaring cost of living are leading more consumers towards alternative lenders, including BNPL providers
    Inflation has reached multi-year highs in most European markets.

Fuel cell manufacturer Blue World Technologies closes financing round with Maersk Growth and EIFO

Retrieved on: 
星期二, 十二月 5, 2023

AALBORG, Denmark, Dec. 5, 2023 /PRNewswire/ -- Today Blue World Technologies announced that Maersk Growth, the venture arm of A.P. Moller – Maersk participates in an 11 million EUR pre-C-round alongside The Export and Investment Fund of Denmark (EIFO), Cycle Group, and other new and existing shareholders. 

Key Points: 
  • AALBORG, Denmark, Dec. 5, 2023 /PRNewswire/ -- Today Blue World Technologies announced that Maersk Growth, the venture arm of A.P.
  • The financing round was announced during COP28 in Dubai where Blue World Technologies was presenting their high-temperature PEM fuel cell technology as a solution to support the decarbonisation of the maritime industry.
  • The Blue World methanol fuel cells enable efficient conversion of methanol to electricity with a superior electrical efficiency of up to 65%.
  • With an industrial approach, Blue World Technologies has built a fuel cell factory in Aalborg, Denmark, ensuring in-house production of all the core fuel cell components alongside system development and manufacturing.

Fuel cell manufacturer Blue World Technologies closes financing round with Maersk Growth and EIFO

Retrieved on: 
星期二, 十二月 5, 2023

AALBORG, Denmark, Dec. 5, 2023 /PRNewswire/ -- Today Blue World Technologies announced that Maersk Growth, the venture arm of A.P. Moller – Maersk participates in an 11 million EUR pre-C-round alongside The Export and Investment Fund of Denmark (EIFO), Cycle Group, and other new and existing shareholders. 

Key Points: 
  • AALBORG, Denmark, Dec. 5, 2023 /PRNewswire/ -- Today Blue World Technologies announced that Maersk Growth, the venture arm of A.P.
  • The financing round was announced during COP28 in Dubai where Blue World Technologies was presenting their high-temperature PEM fuel cell technology as a solution to support the decarbonisation of the maritime industry.
  • The Blue World methanol fuel cells enable efficient conversion of methanol to electricity with a superior electrical efficiency of up to 65%.
  • With an industrial approach, Blue World Technologies has built a fuel cell factory in Aalborg, Denmark, ensuring in-house production of all the core fuel cell components alongside system development and manufacturing.