Monthly Archives: January 2020

EQT and Temasek launch O2 Power, a renewable energy platform in India

eqt

  • EQT Infrastructure and Temasek establish O2 Power, a renewable energy platform in India
  • O2 Power will be led by CEO Parag Sharma and have an experienced management team, possessing strong local knowledge and a proven track record of renewable projects in India

Singapore, 22 January 2020 – The EQT Infrastructure IV fund (“EQT” or “EQT Infrastructure”) and Temasek today announced the establishment of O2 Power (or “the Platform”), a renewable energy platform in India. O2 Power will target over four gigawatts of installed capacity across solar and wind and has received total commitments of USD 500 million in equity from EQT and Temasek to be deployed over the coming years.

Headquartered in Gurgaon in the Northern Indian state of Haryana, O2 Power will focus on developing utility scale renewable projects across solar, wind, and hybrid with good quality off-takers via both Greenfield project development and M&A.

The Platform will be led by Parag Sharma as CEO together with an experienced management team consisting of Peeyush Mohit as COO, Nimish Agrwal as Head, Solar and Rakesh Garg as Head, Wind, all with strong local knowledge and proven track records of executing renewable energy projects in India.

The investment in the Platform is in line with EQT’s thematic approach to invest in sustainable solutions, guided by the United Nations’ Sustainable Development Goals (SDGs). The Platform contributes to society by providing households with renewable energy hence addressing the SDG 7 – ensure access to affordable, reliable, sustainable and modern energy for all.

Fabian Gröne, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, commented: “India presents significant investment opportunities being the second largest renewable energy market in the world and EQT is delighted about teaming up with Temasek and O2 Power. CEO Parag Sharma and his management team have a successful  track record and EQT looks forward to work together in creating a future-proofed renewable energy platform. This is not only EQT Infrastructure’s first investment in India, it is also well in line with our ambitions to contribute to a cleaner future.”

Nagi Hamiyeh, Joint Head, Investment Group at Temasek, added: “We seek opportunities to invest in solutions that contribute to a better and more sustainable world. The partnership with EQT to establish O2 Power is consistent with our focus on sustainable living, and in particular, the development of eco-conscious energy solutions.”

Parag Sharma, CEO of O2 Power, concluded: “We are excited about joining forces with EQT Infrastructure and Temasek. Besides capital from two of the most prominent investors in the world, we are looking forward to leverage their know-how and industry relationships to support the development of the O2 Power platform.”

With this transaction, EQT Infrastructure IV is expected to be 60-65 percent invested.

Contact
Fabian Gröne, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, +65 6595 1831
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
Temasek Media Team, media@temasek.com.sg

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on Twitter and LinkedIn

About Temasek
Temasek is an investment company with a net portfolio value of S$313 billion (US$231 billion) as at 31 March 2019. Temasek’s Charter roles as an investor, institution and steward, shape its investment stance, ethos and philosophy, to do well, do right and do good. Its investment philosophy is anchored around four key themes – Transforming Economies, Growing Middle Income Populations, Deepening Comparative Advantages, Emerging Champions.

Temasek actively seeks sustainable solutions to address present and future challenges, as it capture investment and other opportunities that help to bring about a better, smarter and more sustainable world.

Temasek has had an overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively, since inaugural credit ratings in 2004.

Headquartered in Singapore, Temasek has 11 offices around the world: Beijing, Hanoi, Mumbai, Shanghai and Singapore in Asia; and London, New York, San Francisco, Washington D.C., Mexico City, and Sao Paulo outside Asia.

For more information on Temasek, please visit www.temasek.com.sg

This release was sent by Cision

https://news.cision.com/eqt/r/eqt-and-temasek-launch-o2-power–a-renewable-energy-platform-in-india,c3014442

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Partners Group to acquire European renewable energy developer VSB Group

Partners Group

Partners Group, the global private markets investment manager, has, on behalf of its clients, agreed to acquire an 80% equity stake in VSB Group (“VSB” or “the Company”), a leading European developer, owner and operator in the renewable energy sector. VSB’s founder will retain the remaining equity stake alongside Partners Group.

Founded in 1996, VSB operates throughout the renewable energy value chain, from the development of projects, to asset management and the technical and commercial management of operational sites, as well as having a broad offering in energy solutions. VSB has successfully developed and built over 1.1GW of onshore wind and solar PV generating assets to-date and manages over 1.4GW of wind assets. VSB has successfully expanded from its headquarters in Dresden, Germany, to become a European renewable platform active in eight countries with over 300 employees, 19 offices and ten service hubs. The transaction value includes a significant allocation to fund future growth, allowing for the option to retain ownership of assets and develop an Independent Power Producer.

Andreas Dorner, Founder and Managing Director, VSB Group, says: “VSB has enjoyed great success to-date as an independent, multinational company. However, given the vast opportunity for renewable energy, we wanted a like-minded partner to accelerate our next phase of growth. In Partners Group, we have found a global partner with significant operational resources and a wealth of international experience in hands-on renewable energy investment. We are looking forward to building on our shared values as we grow VSB together.”

David Daum, Member of Management, Private Infrastructure Europe, Partners Group, states: “We are very excited to partner with VSB to support its continued growth at a time when climate change sits high on political and social agendas. The Company’s proven development track record, strong and engaged management team, and sizable project pipeline make it an excellent fit for Partners Group’s platform expansion strategy. VSB is very well-positioned to capitalize on increased demand for environmentally-friendly sources of energy throughout Europe; we believe it has potential to become the preeminent European renewable energy platform. We will work closely with the management team to realize this ambition by leveraging our experience of institutionalizing businesses to accelerate the conversion and development of VSB’s renewable energy pipeline.”

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Latour completes acquisition of S+S Regeltechnik

Latour logo

On October 22nd 2019, Investment AB Latour, through its wholly-owned subsidiary Bemsiq AB, signed an agreement to acquire S+S Regeltechnik GmbH, a company based in Nürnberg in Northern Bavaria, Germany. All closing conditions have now been fulfilled and the transaction has been completed as of January 22nd, 2020.

Göteborg, January 22, 2020

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Johan Hjertonsson, President and CEO Investment AB Latour +46 702 29 77 93
Björn Lenander, CEO Latour Industries AB, +46 708 19 47 36
Mikael J Albrektsson, CEO Bemsiq AB, +46 733 23 36 06

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 68 billion. The wholly-owned industrial operations has an annual turnover of SEK 13 billion.

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Ardian private debt holds final close on fourth generation platform

Ardian

The €3bn fourth generation platform is Ardian’s largest to date, closing significantly above its €2.5bn target

Paris, 22nd January 2020 – Ardian, a world leading private investment house, announces it has raised €3bn from investors for its fourth generation private debt platform to provide financing to mid-market companies across Europe. Established in 2005, the Ardian Private Debt team now has $7bn assets under management with over 120 deals completed since inception.

The latest platform, which closed above its €2.5bn target, builds on the success of Ardian’s third generation platform, which raised €2 billion in 2015, and will continue to provide flexible and tailor-made financing to companies across Europe. The platform’s offering has been broadened to include stretched senior debt to capture more of the buyout market and compete more effectively against bank lenders.

The platform attracted over 90 investors from 15 different countries, across Europe, Asia, and North America. Investors include major insurance companies, pension funds, banks, endowments, and foundations and government agencies. There was particular growth among Asian and North American investors, reflecting Ardian’s strong global reach and diversified client base.

Vincent Gombault, Member of the Executive Committee and Global Head of Fund of Funds and Private Debt, said: “With a strong 15-year track record in the market with four generations of funds, Ardian has firmly cemented its position as a leading debt financer to European mid-market companies. The successful fundraise is testament to our experienced investment advisory team, Ardian’s excellent asset management capabilities and strong global relationships. As a longstanding player in the private debt space, active through credit cycles, Ardian is well placed to take advantage of private debt’s increasingly important role in global finance.”

Mark Brenke, Head of Ardian Private Debt and Managing Director, added: “This fundraise demonstrates the momentum of Ardian Private Debt and the increasing attraction of the asset class as demand for financing from dynamic, middle-market European companies grows. Building on Ardian’s strong track record, the platform’s expanded offering provides greater opportunities to venture more and more into territory that used to belong exclusively to the banks.”

Ardian Private Debt has deployed more than €1bn each year during the past couple of years, benefiting from a growing team and diversified geographical deal flow. The number of opportunities sourced and reviewed in depth per year has increased significantly over the past years, whilst the team has become even more selective in order to focus solely on the highest quality opportunities.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 640 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

www.ardian.com

PRESS CONTACTS

 HEADLAND
TOM JAMES
tjames@headlandconsultancy.com
Tel: +44 (0)20 3725 7508

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Cinven announces Partner promotion for Head of Milan

Cinven

International private equity firm Cinven, today announces that it has promoted Eugenio Preve to Partner with effect from 1 January 2020.

Eugenio is Head of the Milan office, a member of the Industrials sector team and leads the regional team for Italy. He has worked on a number of investments, including Amadeus, Avio, Eurovita and Medpace. He joined Cinven in 2009.

Cinven has significant experience in the Italian market both investing in Italian-headquartered businesses and on behalf of other portfolio companies that have operations in Italy.  For example, Avio, the leading aerospace business, was a successful investment for Cinven having sold its two divisions to both GE and Leonardo-Finmeccanica ahead of listing on the Milan Stock Exchange, respectively.

Cinven is currently invested in Italian-headquartered Eurovita, the independent Italian life insurer that has completed a number of acquisitions in Italy.  Other Cinven investments with considerable operations in Italy include Stada, the European manufacturer of prescription generics and over the counter products, and Synlab, a European market leader for laboratory diagnostics.

Commenting on this promotion, Stuart McAlpine, Managing Partner of Cinven Partners LLP, said:

“2019 was a busy year for Cinven, with the closing of our latest fund, the Seventh Cinven Fund at €10 billion. As we look forward to 2020 and the opportunities it presents, I am delighted to announce the promotion of Eugenio to Partner.

“Eugenio leads our Italian regional team and is a key member of our Industrials sector team. His promotion reflects his considerable hard work and commitment to both existing portfolio performance and deal origination.”

Categories: People

Cinven announces appointment of Chief Human Resources Officer

Cinven

International private equity firm Cinven, today announces that it has appointed Caroline Rawes as Chief Human Resources Officer with effect from 6 January 2020.

Caroline has almost 30 years’ HR experience, notably in the legal and professional services sectors. She joins from Ashurst, the international law firm, where she spent over four years as Chief People Officer and was a member of the Executive Committee, with shared responsibility for the development and delivery of the firm’s strategy as well as managing the HR, Learning & Organisation Development, Business Change and Internal Communications functions.

Prior to Ashurst, Caroline was the HR Director at Taylor Wessing, where she was also a member of the UK Executive Board. In this role she was responsible for the strategy and implementation of the firm’s HR services in the UK, as well as the people agenda for the firm internationally. She has held previous senior HR positions at Linklaters, Accenture and KPMG.

At Cinven, Caroline will lead the firm’s talent strategy and human resources team.  Caroline will sit on Cinven’s Operating Committee, which leads the firm’s operational functions.

Commenting on Caroline’s appointment, Stuart McAlpine, Managing Partner of Cinven said:

“2019 marked another successful year for Cinven, with the completion of our €10 billion fundraise and continued investment and realisations. Our track record of strong returns has been based on attracting and retaining the very best talent in the industry. Caroline brings with her a wealth of experience and fresh thinking based on demonstrable experience in driving innovative policies and practices, ensuring we remain a fulfilling and rewarding place to work. We welcome her to Cinven and look forward to working with her.”

Caroline Rawes, Chief Human Resources Officer, commented:

“I am delighted to join in the newly created role of Chief Human Resources Officer at Cinven. I look forward to working with Stuart and the team to further the strategy for talent development in support of Cinven’s ambitions.”

Categories: People

Telemos Capital secures financing for Medeuropa, a leading european cancer care group

Telemos Capital

21.01.2020–Telemos Capital (“Telemos”) announces that its portfolio company MedEuropa, a leading European cancer care group, has successfully secured debt financing from Ardian. The senior facilities have been partially utilised as acquisition financing of MedEuropa’s first French acquisition and will continue to be used to support the company’s exciting buy-and-build strategy.

The financing is reflective of the strength of MedEuropa’s proposition and ability to execute on the organic and inorganic growth opportunities within the European cancer care market,with three radiotherapy centres already acquired since establishment.

Nils Hagerståland Dipesh Mahtani of Telemos said: “We are delighted to have secured debt financing for MedEuropa, which reinforces the strength of the strategy and execution capabilities of the management team. Ardian have shown themselves to be ideal partners to flexibly support MedEuropa as it pursues its ambitious buy-and-build strategy.

”Ralph Hefti, MedEuropa’s CEO, commented: “Ardian’s ability to offer a flexible solution to the Group’s requirements was key to this partnership. Ardian has been extremely responsive and creative and has set up financing that is very well suited to the way MedEuropa intends to move forward.”

Guillaume Chinardet, Head of Ardian Private Debt France, said: “We look forward to the long term cooperation with the MedEuropa management team and Telemos Capital, valuable partners with strong expertise in the European healthcare services market. We are convinced that MedEuropa will achieve further growth via strategic acquisitions in the fragmented European radiotherapy market.”

Press Contacts Telemos Capitalinfo@telemoscapital.com+44 (0)20 3906 6820

About MedEuropa

Founded in 2017, MedEuropa is committed to providing state of the art cancer treatment across Europe, with a strong focus on radiotherapy. MedEuropa seeks to partner with leading medical professionals, who share its vision of improving the provision and quality of cancer treatment. MedEuropa is pursuing an ambitious buy and build strategy, focusing on new partnership and acquisition opportunities across Europe.

Please visit www.medeuropa.org for more information.

About Telemos Capital

Telemos Capital, a London based investment firm founded in 2017,invests in private European businesses, with the aim of building great companies for the long term. Funded by family capital, it combines the flexibility and nimble decision-making of a family office with the active ownership and professionalism of private equity. Telemos looks to deploy €50m-€200m of equity per investment and seeks to acquire majority stakes in businesses with the potential for sustainable growth through international expansion, add-on acquisitions or operational improvements.

Please visit www.telemoscapital.com for more information.

 

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Ardian arranges a senior financing for Telemos Capital and Medeuropa’s acquisition of CCO Perpignan

Ardian

Paris, January 21st, 2020 – Ardian, a world leading private investment house, today announces the arrangement of a senior financing facility to support Telemos Capital and MedEuropa’s acquisition of CCO Perpignan. The financing package also includes a committed acquisition facility to finance future build-ups.

MedEuropa is a European cancer care company with a strong focus on radiotherapy. Radiotherapy is one of the most commonly used therapies for cancer treatment and consists in the use of high doses of radiation to eliminate cancer cells and shrink tumors. It can be used as a standalone oncology treatment or in combination with other cancer treatments such as surgery or chemotherapy.

Headquartered in Switzerland, the MedEuropa platform was founded in 2017 by Telemos Capital. The network was initially created through the acquisition of two radiotherapy centers in Germany in January 2019 (Krefeld and Hannover, the leading providers of Gamma Knife treatments, a specialized application of radiotherapy for complex brain tumors) and is to be further enlarged through the acquisition of CCO Perpignan, a radiotherapy center in the South of France.

The combination of all three entities will form a Group operating a total of six treatment machines treating a total c. 2,900 patients per year. As has been the case with the German acquisitions, MedEuropa will continue to partner with the CCO Perpignan doctors, ensuring continuity of high-quality care for patients and referring physicians.

Guillaume Chinardet, Head of Ardian Private Debt France, said: “We look forward to the long term cooperation with the MedEuropa management team and Telemos Capital, valuable partners with strong expertise in the European healthcare services market. We are convinced that MedEuropa will achieve further growth via strategic acquisitions in the fragmented European radiotherapy market.”

Jean-David Ponsin, Managing Director at Ardian Private Debt, further added: ”We are pleased to support the Group in this new chapter of its growth journey and we are convinced that our financing solution will provide the Group with the flexibility to pursue its future development.”

Ralph Hefti, MedEuropa’s CEO, commented: “Ardian’s ability to offer a flexible solution to the Group’s requirements was key to this partnership. Ardian has been extremely responsive and creative and has set up financing that is perfectly suited to the way MedEuropa intends to move forward.”

Nils Hagerstål, Vice President at Telemos Capital concluded: ”MedEuropa is actively considering further acquisition opportunities in the radiotherapy market, with the aim of building a platform in Western Europe. This ambitious development strategy demands a solid yet flexible financing solution, which Ardian has successfully provided.”

ABOUT CCO PERPIGNAN

 The CCO Perpignan center is located in Perpignan, in the South of France. It focuses on radiotherapy treatments through the operation of linear accelerators, treating a total 1,800 patients. It also provides some chemotherapy treatments in a more limited manner. CCO Perpignan enjoys a strong local reputation in the Pyrenées-Orientales region, and is known for providing high quality treatments to patients.
www.cco-perpignan.fr

ABOUT MEDEUROPA

 Founded in 2017, MedEuropa is committed to providing state of the art cancer treatment across Europe, with a strong focus on radiotherapy. MedEuropa seeks to partner with leading medical professionals, who share its vision of improving the provision and quality of cancer treatment.  MedEuropa is pursuing an ambitious buy and build strategy, focusing on new partnership and acquisition opportunities across Europe.
www.medeuropa.org

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 640 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
www.ardian.com

ABOUT TELEMOS CAPITAL

Telemos Capital invests in private European businesses, with the aim of building great companies for the long term. Funded by family capital, it combines the flexibility and nimble decision-making of a family office with the active ownership and professionalism of private equity. Telemos looks to deploy €50m-€200m of equity per investment and seeks to acquire majority stakes in businesses with the potential for sustainable growth through international expansion, add-on acquisitions or operational improvements.
www.telemoscapital.com

LIST OF PARTIES INVOLVED

MedEuropa: Ralph Hefti, Raffael Kabir
Telemos Capital: Philippe Jacobs, Jacob Polny, Nils Hagerstål, Dipesh Mahtani
Ardian Private Debt: Guillaume Chinardet, Jean-David Ponsin, Gabrielle Philip

Financing Legal Advisor (Telemos Capital): Willkie Farr & Gallagher – Paul Lombard, Mathilde de Wiljes
Financing Legal Advisor (Ardian): Allen & Overy – Jean-Christophe David, Marine Tarditi, Adrien Repiquet

PRESS CONTACTS

ARDIAN
Headland
VIKTOR TSVETANOV
Tel: +44 207 3435 7469
VTsvetanov@headlandconsultancy.co.uk

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Proposals by CapMan‘s Shareholders’ Nomination Board to the 2020 Annual General Meeting

CapMan Plc Stock Exchange Release
21 January 2020 at 1.15 p.m. EET

Proposals by CapMan‘s Shareholders’ Nomination Board to the 2020 Annual General Meeting

Board Composition

CapMan’s Shareholders’ Nomination Board has submitted its proposals to the 2020 Annual General Meeting to be held on 11 March 2020 to CapMan’s Board of Directors. The Shareholders’ Nomination Board makes its proposals unanimously.

The Shareholders’ Nomination Board proposes that the Board of Directors consists of seven (7) members and that the following persons be elected to the Board of Directors for a term ending at the end of the 2021 Annual General Meeting:

Proposed to be re-elected:

–       Catarina Fagerholm
–       Eero Heliövaara
–       Mammu Kaario
–       Olli Liitola
–       Peter Ramsay
–       Andreas Tallberg

Proposed to be elected as new members:

–       Johan Hammarén

All candidates have given their consent to the position. According to the information available to the Shareholders’ Nomination Board, all candidates other than Olli Liitola and Johan Hammarén are independent of the company and its significant shareholders. Olli Liitola is independent of the company’s significant shareholders and non-independent of the company due to his employment with a Group company during the past three years. Johan Hammarén is non-independent of the company’s significant shareholders due to his membership in the Board of Directors in Silvertärnan Ab, which is a significant shareholder in CapMan Plc, and non-independent of the company due to his employment with a Group company during the past three years.

The CV of the new Board Member candidate is attached to this release.

Fees to Board Members

The Shareholders’ Nomination Board proposes to the 2020 Annual General Meeting that the monthly fees payable to the Board Members in cash for the term ending at the end of the following Annual General Meeting are as follows:

–       Chairman: EUR 5 000/month (2019: EUR 5 000),
–       Deputy Chairman: EUR 4 000/month (2019: EUR 4 000),
–       Members: EUR 3 250/month (2019: EUR 3 250) and
–       Chairman of the Audit Committee: EUR 4 000/month (2019: EUR 4 000), if he/she is not simultaneously acting as Chairman or Deputy Chairman of the Board.

The Shareholders’ Nomination Board further proposes to the Annual General Meeting that for participation in meetings of the Board of Directors and Committees of the Board of Directors, the Chairmen of the Board and Board’s Committees be paid a fee of EUR 800 per meeting (2019: EUR 800) and the Members of the Board and Board’s Committees be paid a fee of EUR 400 per meeting (2019: EUR 400) in addition to their monthly remuneration, and that the travel expenses of the Members of the Board of Directors be compensated in accordance with the company’s travel compensation policy.

The Shareholders’ Nomination Board prepares the proposals concerning the election and remuneration of the Board of Directors for the Annual General Meeting and, if needed, for the Extraordinary General Meeting. The Nomination Board comprises four members that are appointed by the four shareholders having the largest share of the votes and the Chairman of CapMan Plc’s Board of Directors. The Chairman of CapMan Plc’s Board of Directors does not participate in the decision making of the Shareholders’ Nomination Board.

Persons appointed to CapMan’s Shareholders’ Nomination Board are Stefan Björkman (Silvertärnan Ab), Mikko Mursula (Ilmarinen Mutual Pension Insurance Company), Ari Tolppanen (Oy Inventiainvest Ab), and Mikko Kalervo Laakkonen. The Chairman of CapMan Plc’s Board of Directors Andreas Tallberg acts as an expert member of the Shareholders’ Nomination Board.

 

CAPMAN PLC

Linda Tierala
Manager, communications and IR

DISTRIBUTION
Nasdaq Helsinki
Principal media
www.capman.com

 

Appendix: CV Johan Hammaren

 

About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With over €3 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg. Please visit www.capman.com for more information.

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Rabo Frontier Ventures invests in online UK mortgage broker Trussle

Rabo Frontier Ventures

Rabo Frontier Ventures (RFV), the strategic investment fund of Rabobank, is investing in online UK mortgage broker Trussle. RFV participated in the funding round of £7.5m alongside existing investors, Goldman Sachs Growth, Finch Capital and San Francisco-based Propel Venture partners.

This round of funding demonstrates investors’ confidence in the opportunity to revolutionise the UK mortgage market. Every year, millions of people in the UK are subject to unnecessary costs, delays and frustrations when trying to get a mortgage. Trussle is utilising technology to disrupt the market, making the mortgage experience fairer, faster and easier. The online mortgage broker has grown rapidly over the last year, amplifying its mission to make mortgages fairer and almost doubling the volume of customers.

 

Trussle Chairman, Simon Williams, commented: “Owning a home should mean stability and freedom. Unfortunately, the reality is that finding a mortgage often creates stress, inconvenience and unfair treatment. Since Trussle launched in December 2015, we’ve helped thousands of homeowners get onto the property ladder and reduce their mortgage payments by switching to the right deal. But there’s ample work to be done in revolutionizing the archaic industry.”

 

Williams continued: “Our business is at a pivotal stage in its journey and this new funding will enable us to accelerate our progress, especially through investment in our technology, to make the mortgage process quicker, easier and more transparent. The funding from our investors not only exemplifies the progress we’ve made so far, but also the scale of the opportunity that lies ahead.”

 

Harrie Vollaard Managing Director of RFV, commented: “Getting a mortgage is a complex process and is one of the biggest pain points of the financial industry. Trussle is leading the way in reshaping the way people interact with their mortgage by utilising technology to make mortgages smarter, faster and fairer. We’re looking forward to working closely with Trussle on the next phase of their journey to redesign the mortgage application process, as well as additional services to better support their customers through the home ownership journey”

 

Rabo Frontier Ventures

RFV is a €150 million investment fund of Rabobank, focusing globally on innovative fintech and agtech companies. RFV aims to invest in the early growth stage (series B) of companies that are disrupting or influencing the current business of the Rabobank. As an investor RFV strives to share in-depth knowledge in order to add value to portfolio companies.

 

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