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Matti Zemack joins Industrifonden as Investment Director

Industriefonden
October 1, 2021

We are delighted to welcome Matti Zemack as our newest Investment Director. Matti will focus on investments in Deep Tech and transformative innovation.

Matti joins Industrifonden from Bonnier Ventures, where he held the role as investing Chief Technology Officer. In combination with that, Matti also worked as CTO for Bonnier Group with multiple board commitments. Matti has broad tech engineering and product knowledge and has worked with many transformative products from start to scale up phases. His areas of interest include machine learning algorithms, quantum computing, tech within education and the future of e-sports/gaming. Matti holds a Master of Science from Royal Institute of Technology in Stockholm.

“I’m looking forward to meeting, and investing in, the companies which are a perfect fit for Industrifonden. My take is that these companies are Deep Tech, i.e. they have a true invention which is based on groundbreaking science”, says Matti Zemack.

Industrifonden is one of few venture capital funds in the Nordics with an outspoken Deep Tech focus. The most recent investments include ZeroPoint Technology, Logical Clocks, NuovoAir, Exeri, EngineZyme and Freemelt. Matti Zemack’s recruitment forms part of Industrifonden’s increased focus on Deep Tech verticals like advanced materials, industry 4.0, energy, advanced computing & AI and synthetic biology. Industrifonden believe that “the science of today is the technology of tomorrow” and the funds that embrace science to guide them to what future technology will bring are also more likely to find sustainable competitive advantages, advantages built on true uniqueness.

“Matti is a truly unique individual. His in depth knowledge and experience span a wide range of technologies industries. With his curiosity and open mindset, he will be a great contributor to the culture and capabilities of the Industrifonden team”, says David Sonnek.

Categories: People

EQT appoints Heads of Private Equity and Infrastructure in Japan

eqt

EQT is pleased to announce two new senior hires, Tetsuro Onitsuka who joins as Head of EQT Private Equity Japan, and Masahiko Kato who joins as Head of EQT Infrastructure Japan. Tetsuro and Masahiko will continue to build the Tokyo-based team with both local and relocated EQT employees while exploring thematic investment opportunities in Japan. In addition, Tetsuro and Masahiko will lead the process of strengthening EQT’s bench of experienced Japanese advisors to the EQT Network.

Tetsuro and Masahiko bring extensive investment experience and local know-how from the Japanese private equity market, with Tetsuro most recently working as a Managing Director at Japan Post Investment, and prior to that Principal and Head of Japan at TPG. Masahiko most recently held a position as Deputy General Manager in Mitsubishi Corp’s private equity and infrastructure division.

The appointment of two senior hires in Japan is in line with EQT’s long-term strategy of expanding its presence within the Asia-Pacific region. Tetsuro and Masahiko will lead and grow the team in close collaboration with the entire EQT platform, including the inhouse digitalization and sustainability specialist teams, as well as EQT’s global network of industry advisors.

Thomas von Koch, Partner and Chairperson of EQT Asia Pacific, said, “We are thrilled to welcome Tetsuro and Masahiko to lead EQT’s operations in Japan. The country offers a wide range of compelling opportunities in EQT’s core sectors and we are confident that our industrial heritage, thematic investment strategy and expert capabilities within technology and ESG will create value for Japanese companies. We look forward to executing on these opportunities while continuing to grow EQT’s local team in Tokyo.”

Tetsuro Onitsuka, Head of EQT Private Equity Japan, said, “I am honored by the confidence EQT has placed with me and I am excited to contribute to the firm’s expansion in Japan. EQT has a successful track record of future-proofing companies and supporting them through their digital transformation, internationalization and sustainable growth journeys. We hope to leverage this experience into a Japanese context.”

Masahiko Kato, Head of EQT Infrastructure Japan, said, “I am humbled and excited to be leading EQT’s Infrastructure business in Japan. EQT’s growth-focused ownership philosophy, global industrial expertise and strong focus on ESG, makes EQT a truly unique firm which should strongly resonate in the Japanese market. I believe EQT’s partnership approach to investments and its growth mindset will unlock new and exciting opportunities”.

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies. Uniquely, EQT is the only large private markets firm in the world with investment strategies covering all phases of a business’ development, from start-up to maturity. EQT today has approximately EUR 71 billion in assets under management across 27 active funds within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 24 countries across Europe, Asia-Pacific and the Americas and has more than 1,000 employees.

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

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Mable secures $100 million General Atlantic partnership to elevate platform offering

 

September 12, 2021

Profit-for-purpose health technology company, Mable, has secured a $100 million equity investment from global growth investor, General Atlantic to accelerate the growth of Mable’s safeguarded online platform and drive a highly tailored customer experience underpinned by consumer choice and control.

Mr. Peter Scutt, Co-founder and CEO of Mable, commented “Aged care at home and disability support services are fundamentally about human relationships. No one individual has the same needs or preferences. Our strong growth since inception demonstrates we are responding to people’s desire for choice and control over their care and support.”

Mr. Scutt said Mable operates in sectors facing significant challenges including workforce shortages, increasing demand for services and funding, and higher expectations regarding quality and safeguards as well as increasingly diverse needs from clients.

“The answer to these challenges is not the cookie-cutter approach often taken by large traditional providers. A rotating roster of support workers disrupts the continuity of care and reduces the chance of genuine connections forming between the support provider and the client,” Mr. Scutt continued.

“New thinking is needed to solve the challenges facing the aged care and disability support sectors. Our platform enables enhanced safeguards which support choice and control, while opening up the sector for small business providers who are thriving.

“Facilitating the entry of small business providers, including sole traders, is a win-win for people seeking flexible, high quality and affordable support – as well as an opportunity for small businesses to engage in one of the fastest growing sectors of the Australian economy.”

Mr. Sandeep Naik, Managing Director and Head of India and Southeast Asia, General Atlantic, commented, “We believe Mable is transforming aged care and disability support and will make a difference to communities across Australia. Mable sits at a critical intersection of a number of exciting digital trends across healthcare and technology, which are empowering consumers to take more control over their care.”

“Mable’s model is powerful, creating an ecosystem with strong safeguards that can enhance the quality of care, while also leveraging technology to bring down the overall costs of care in the system, allowing Mable consumers to better pursue their goal of independent living. Mable’s growth over the past few years is testament to its value proposition and seasoned management team.”

“General Atlantic brings deep strategic and operational value to Mable due to their understanding of our business, philanthropic roots and a shared vision of building a more inclusive society through leveraging technology,” Mr. Scutt said.

“Its investment is a significant vote of confidence in our transformative model, the improved outcomes we are enabling and the team we have assembled at Mable.”

General Atlantic will acquire a minority stake in Mable. The deal has Foreign Investment Review Board approval and follows a $15 million round led by Ellerston JAADE Fund in 2019.

About Mable

Mable offers an alternative to the traditional aged care and disability services model, giving older Australians and people with disabilities more choice, control and flexibility to shape the care and support they receive in their own home and community. It’s also facilitating small businesses, including sole traders, entering the care and support sector, areas where there is significant growth in demand from an ageing population and existing workforce shortages. The model has facilitated more than seven million hours of support to date and has around 11,000 approved and active small businesses offering services. For more information or to sign-up to the platform, visit: www.mable.com.au.

About General Atlantic

General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 400 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $65 billion in assets under management as of March 31, 2021 and more than 175 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com.

Media Contacts

Mary Armstrong & Emily Japlon
General Atlantic media@generalatlantic.com

Lachlan McKenzie
Mable 0419 255 761 media@mable.com.au

 

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KKR to Acquire Probe CX

KKR
September 30, 2021

MELBOURNE, Australia–(BUSINESS WIRE)– Quadrant Private Equity, Five V Capital, Rodney Kagan and other shareholders of Probe CX (“Probe” or the “Company”) today announced they have entered into an agreement under which KKR will acquire a majority stake in Probe alongside existing management. The investment will be used to further fuel Probe’s robust growth and strengthen its digital capabilities to enhance its service offering to customers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210930006031/en/

Probe is a leading provider of customer experience (“CX”) and business process outsourcing (“BPO”) solutions based in Australia. Probe was founded by Co-chairman Rodney Kagan in 1979 and is now the largest provider of outsourced CX and BPO services in Australia and New Zealand, with more than 600 clients and over 15,000 staff located in its 33 offices across the globe.

Andrew Hume, CEO of Probe, said: “Customer experience is truly at the heart of our business. Through our intelligent, tailored solutions, Probe enables companies to consistently deliver positive and enriching experiences to their customers. With this mission in mind, we are really excited to welcome KKR as a shareholder and value-added strategic partner, as their experience in transforming CX and BPO companies globally will be invaluable in our next phase of growth.”

Gareth Woodbridge, Managing Director at KKR, said: “We are excited to work closely with Andrew and his team to expand Probe CX’s leading market position. We look forward to leveraging KKR’s industry and operational expertise to help accelerate Probe CX’s growth plans and to scale its digital services capabilities and footprint for the benefit of its customers.”

Rodney Kagan, Founder of Probe, said: “It is with much pride and joy that after 43 years I can see Probe continue as the leader in the customer experience and outsourcing industry. Probe’s success has always been to surround itself with the most brilliant, committed, and professional team. I am so passionate for Probe’s future and feel very excited to see KKR help take the Company to the next level on its global journey.”

Jonathon Pearce, Managing Partner of Quadrant Private Equity, said: “Probe is a fantastic business led by an exceptional team which has been at the forefront of digital innovation. Over the past 18 months Probe has continued to ensure customers and consumers received the highest quality support despite the external challenges. Now, with KKR’s global reach and capabilities, we believe the business will continue to grow and enhance its service offerings for customers in the years ahead.”

KKR is making this investment from its Asian Fund IV. The firm’s investment in Probe CX builds on its long history of investing in Australia. KKR also has experience in successfully growing businesses in the CX industry globally, including its prior investment in Webhelp – a leading provider of CX and BPO solutions throughout Europe.

The transaction is expected to be completed by the end of calendar year 2021, subject to regulatory approvals and other customary closing conditions. Additional details of the transaction were not disclosed.

Probe CX was advised by Morgan Stanley Australia Limited, PwC, and Gilbert + Tobin. KKR was advised by Credit Suisse, King & Wood Mallesons, and EY.

About Probe CX

Probe CX is a globally recognised and award-winning customer experience organisation that designs and deploys solutions to bolster and optimise our client operations. Founded more than 40 years ago and with 15,000-plus staff across five countries, the company delivers exceptional customer experiences through its deep knowledge and capabilities in Contact Centre and Customer Management, Digital Consulting, Intelligent Automation and Analytics. Probe CX also provides Shared Services such as Finance and Accounting services and Help Desk/Support Desks and specialist Knowledge Services such as SEO/SEM marketing, software and web development, health care and loan processing.

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Quadrant Private Equity

Quadrant Private Equity was first established in 1996 (firstly as Quadrant Capital) and is a leading Sydney-based mid-market private equity firm investing in companies in Australia and New Zealand. Quadrant Private Equity has raised $7 billion and 12 funds since inception. Its latest funds, QPE No. 7 and Quadrant Growth Fund 2, have $1,240 million and $530 million in equity commitments respectively for private equity investment Quadrant has extensive investment experience, having led 83 investments in the past 11 funds (with 60 exits) across a range of sectors including retail, healthcare, media, consumer foods, financial services, eCommerce and other sectors.

About Five V Capital

Five V Capital, a certified B Corporation, is a private equity fund manager based in Sydney with over $900 million of funds under management. Five V’s unique investment approach is underpinned by a philosophy of alignment and is reflected in the Five V Capital team being the largest investors across its funds. This alignment between team, investors, partners and management teams is a key component of Five V’s success. Five V Capital’s current portfolio contains several leading businesses including Penten, APP Corporation, Zenith Investment Partners, Totara Learning, Monson Agencies, Probe CX, Education Perfect and Plenti. For more information about Five V Capital, please visit Five V’s website at https://www.fivevcapital.com and on LinkedIn at https://www.linkedin.com/company/fivevcapital.

Media for Probe CX:
Citadel-MAGNUS
Jack Gordon
+61 478 060 362
jgordon@citadelmagnus.com

Media for KKR:
KKR Asia Pacific
Anita Davis
+852 3602 7335
Anita.Davis@kkr.com

Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com

Citadel-MAGNUS (For KKR Australia)
James Strong
+61 448 881 174
JStrong@citadelmagnus.com

Source: KKR

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Active Capital Company invests in cleaning agents manufacturer VDMI, aiming for sustainable growth

Activecapital

Active Capital Company (ACC) acquires, together with management, the shares of VDM Industries (VDMI). VDMI is a specialist in developing, manufacturing and filling of cleaning agents and is market leader in the mid-market of private label and contract manufacturing. Annually, VDMI delivers tens of millions cleaning products to leading players in both the professional and the household segment. VDMI is able to serve the diverging demand of its customers through its two entities, Van Dam Bodegraven and Multifill.

Investing and developing in sustainable segments

Mels Huige, partner at ACC: “We believe that VDMI has a very attractive position in the market. The combination of the different manufacturing locations enables VDMI to produce both large batches as well as more specialised runs.” Additionally, ACC sees opportunities in research and development: “VDMI has an impressive R&D department and cooperates closely with its customers. Therefore, we think that VDMI is very well positioned to anticipate trends, such as further development of sustainable alternatives based on environmentally friendly raw materials.”

Growth

Marc Bakker Schut, CEO of the company since 2007: “We are glad that, with ACC as investor, we have been able to bring in a strong partner that will help us to realise our international growth ambitions.” Bakker Schut aims at growth in this dynamic market: “We see solid growth in various segments, and expect that we can grow with our customers. By further investing in our manufacturing locations we will be able to serve our customers with our ca. 200 employees even better and more efficient.” Mels Huige adds: “During the acquisition process, we were very impressed by the good relationship between VDMI and its customers. We therefore believe that customers will look for solutions together with VDMI. We also see ample opportunities for a buy-and-build strategy, which will allow us to further strengthen the position and knowledge of VDMI. We have already started discussions with parties that should accelerate our ambitions related to sustainable packaging.”

About VDM Industries

VDMI consists of two companies, Van Dam Bodegraven and Multifill, located in Bodegraven and Mijdrecht. Both companies are specialised in developing, manufacturing, filling and packaging of cleaning products. Quality, flexibility and a focus on service are core values of VDMI. VDMI has two manufacturing locations and has an extensive automated production process. VDMI focuses on various segments such as household, disinfection, skin care, and professional cleaning products. More information can be found on the website.

About Active Capital Company

Active Capital Company (“ACC”) is an independent hands-on private equity fund focused on small- and medium sized enterprises in the Netherlands and Germany. ACC invests in companies active in the sectors Industry, Technical Wholesale and Business Services with revenues between € 10m and € 100m. Through a highly entrepreneurial and active approach, ACC maximizes the long-term value of its investments by supporting management in the execution of value enhancing projects and providing access to its extensive partner network. ACC currently invest from its fourth fund that has € 85m in committed capital, principally raised from institutional investors and entrepreneurs.

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UPshow closes $10 million credit facility led by Espresso Capital

espresso capital

Chicago — September 30, 2021 — Espresso Capital has provided UPshow, the leading in-venue entertainment and marketing platform that develops interactive digital TV networks with a $10 million venture debt facility. The company will use the funds to make strategic investments in its product development and go-to-market engine.

“There’s never been a better time to help brick and mortar businesses embrace on-premise digital transformation,” says UPshow CEO Adam Hirsen. “We’re seeing increasing demand for our solutions and this capital will help us further accelerate our growth into new markets as we build our brand.”

UPshow is the first and only marketing and engagement platform for out of home venues that delivers hyper-targeted marketing and interactive entertainment alongside a robust suite of analytics tools. The company has created a revolutionary in-venue network that drives customer and employee behaviors and engagement directly from their mobile devices using hyper-relevant and immersive content.

“Adam and his team have developed the leading technology in this space and are changing the way that restaurant, fitness, and health and wellness venues can engage with customers, patients, and employees,” said Espresso Capital Director Mark Gilbert. “UPshow is disrupting a very large market and we believe it is on course to enjoy very strong growth as it expands into new markets and replaces traditional systems.”

Prior to the pandemic, the Chicago-based business began creating private digital TV networks to engage employees. In the wake of the pandemic, retail businesses have seen unprecedented workforce challenges, high turnover, and difficulties with training and engagement. As a result, UPshow’s Back-of-House Employee Engagement product has seen growing interest from big QSR hospitality brands that employ large, distributed, and deskless workforces. UPshow is currently progressing pilot programs in this area with Burger King, Buffalo Wild Wings, and Dunkin Donuts.

“We’re delighted to see the progress that UPshow is making as it expands its service offerings to include employee engagement,” said Dan Malven, Managing Director at 4490 Ventures, who led UPShow’s Series A round. “Partnering with an innovative and trusted capital provider like Espresso to help accelerate that progress made total sense.”

“It’s been great working with Espresso,” said Hirsen. “We’ve had a close relationship with them for years and appreciate that they’re strategic partners who truly understand our business and the market opportunity we’re going after. Not only that, the non-dilutive venture debt facility from Espresso will improve our strategic flexibility and help us maximize enterprise value.

About UPshow

UPshow is the leading in-venue entertainment and marketing platform for retail and hospitality businesses that develops interactive digital TV networks. As the first and only provider of interactive digital signage networks, UPshow creates a revolutionary in-venue network that drives customer and employee behaviors directly from their mobile devices. Enterprise businesses in the hospitality, entertainment, fitness and healthcare industries rely on UPshow’s plug-and-play technology to create deeper brand engagement and maximize profitability and efficiency. Founded in 2015, UPshow now reaches audiences through more than 25,000 screens in businesses around the world. Learn more at upshow.tv.

About 4490 Ventures

4490 Ventures invests in Connected Software companies. We are a team of investors, founders and operators with more than 100 years of combined experience who bring capital and a network of resources to help entrepreneurs build the next generation of tech companies. We are high conviction, high concentration early-stage investors focused on companies outside of Silicon Valley. For more information, visit 4490Ventures.com, or follow us on LinkedIn.

About Espresso Capital

Espresso empowers companies with innovative venture debt solutions. Since 2009, we’ve helped more than 300 technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Learn more at www.espressocapital.com.

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bp leads $25m Series A round in EV ride-hailing and charging start-up BluSmart

BP Ventures
  • BluSmart is India’s first and largest integrated EV ride-hailing and charging business
  • It is bp venture’s first direct investment in India and tenth in the mobility space
  • The investment will help BluSmart bring its electric vehicles and charging stations to five major cities

bp ventures has made its first direct investment in India, investing $13 million in integrated EV ride-hailing and charging company BluSmart. It led a $25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors.

 

BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the next two years. The investment will help bp move towards becoming a leader in India’s mobility market, and to provide integrated energy and mobility solutions to help customers reduce their emissions across the world.

 

BluSmart is India’s first and largest integrated EV ride-hailing and charging company, and aims to deliver safer, cleaner and more sustainable mobility. It is the first service of its kind with no surge pricing or rides rejected by drivers. Safety and cleanliness are paramount in the Indian market, and customers can view the last time each car was sanitised and driver vaccination status via the BluSmart app. The company also removes the financial burden of vehicle ownership by leasing vehicles to drivers and oversees all vehicle maintenance, to help reduce driver stress.

 

“Our partnership is underpinned by shared values; caring for customers, colleagues and the environment, and with safety at the core of everything we do.”

Richard Bartlett, SVP future mobility & solutions

 

India is now the third-largest startup market globally and its GDP is projected to be the world’s third largest by 2030. Yet with 35 of the top 50 most polluted cities globally, there’s a huge need for low carbon technologies to help make that growth compatible with its climate ambitions.

 

Urbanization is also increasing rapidly, with the UN projecting that India’s urban population size will nearly double from 2018 to 2050, potentially creating further congestion and environmental challenges that electric ride-hailing can help play a part in improving.

 

The industry is forecast to grow significantly, with mobility as a service projected to make up 15% of the 1.1 trillion kilometres to be travelled by passenger vehicles in India by 2030, compared to 5% of the 477 billion kilometres travelled today.

 

With the largest EV charging infrastructure in India and a growing fleet of electric vehicles, BluSmart aims to transform ride hailing in the country. The business is growing quickly in Delhi NCR, which represents 20% of India’s mobility market, which BluSmart estimate has already saved over approximately 1,500 tonnes of CO2, with more than 650,000 passenger trips completed to date.

 

Richard Bartlett, SVP future mobility & solutions, said: “The electric mobility revolution will have a huge impact in reducing vehicle emissions in cities, which in India are growing quickly. BluSmart’s business model solves a number of key barriers to urban EV ride-hailing take-up, from the cost for drivers to the quality of customer experience. Our partnership is underpinned by shared values; caring for customers, colleagues and the environment, and with safety at the core of everything we do. We are excited to have made our first direct investment in India, to grow alongside the BluSmart business.”

 

Anmol Singh Jaggi, co-founder of BluSmart, added: “We believe that electric mobility has huge growth potential, driven in part by the increasingly favourable economics behind electric vehicles. With that in mind we want to redefine ride-hailing with electric vehicles, and our consumer focus has helped us to already establish a strong brand presence in our core market; to date our vehicles have travelled over 21 million kilometres. This latest funding infusion will help us grow as we work with bp to help transform India’s high-polluting cities and redefine ride-hailing with electric vehicles.”

 

Sophia Nadur, managing partner at bp ventures, will join BluSmart’s board. To date, bp ventures has invested almost $800m in more than 60 companies across seven geographies.

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Climate action technology company ClimateView secures EUR10m in funding

CommerzVentures

ClimateView, a Swedish climate action technology company, has secured EUR10 million in funding to enhance its ClimateOS platform and make it available in additional markets in Europe, North America and beyond. 

The funding round was led by CommerzVentures, a specialist fintech investor, and NordicNinja, a Nordic-Japanese venture capital fund. Norrsken, 2050. VC and Gaingles also took part in the round, bringing the company’s total investment to EUR 14.5 million.

Launched at the start of 2021, ClimateOS was initially developed by ClimateView for the Swedish government to make their decarbonisation plans publicly available. Now supporting over 30 cities and municipalities across Sweden, the UK, Germany, Switzerland, Spain and Canada, ClimateOS helps a growing number of cities with net zero commitments identify the most cost-effective route to decarbonise their economies.

More than 700 cities have already committed to reaching net zero by 2050, but they have complex economies and to plan effective action they must understand emissions from thousands of activities and develop comprehensive plans to decarbonise key sectors such as transport, buildings, industry, energy and waste.

ClimateOS offers a unique range of functions that helps cities such as Newcastle, Mannheim and Bern develop, implement and manage comprehensive climate action plans and accelerate action to decarbonise their economy. It creates a digital twin city reflecting the complexity of each city’s economy, using the best data available from national and international statistics and the city’s own sources. It models the impact of low-carbon initiatives, allowing leaders to explore different ways of meeting their carbon targets, and identify the best transition path to meet local needs.

Tim Rippon, Senior Climate Change Advisor with Newcastle City Council, says: “The wholesale decarbonisation of a city is something that’s never been done before and the challenge is absolutely enormous. ClimateView gives us the platform we need to develop and roll out an ambitious climate action plan. By breaking the net zero challenge down into bite-size chunks you can understand how each will contribute to cutting carbon, start setting year by year transition targets, and then build a robust set of actions on this framework.”

“The new funding will be used to roll out enhanced functionality in early 2022 which will allow cities to identify the costs of each of the numerous shifts they can take to cut emissions, from encouraging uptake of EVs to retrofitting old buildings to make them more energy efficient. It will also identify additional benefits, such as better health through cleaner air and warmer homes. This will make it easier for cities to make the economic case for their climate plans, minimise financial risk, and win support for investment. As well as developing the ClimateOS platform, funding will go towards driving further market expansion across Europe and into North America.”

Paul Morgenthaler, Partner at CommerzVentures, says: “Cities around the world are placing carbon reduction at the heart of their agenda and looking to cut emissions across every sector of their economy. ClimateView’s technology makes this complex challenge manageable, enabling effective decarbonisation strategies that can deliver thriving and sustainable economies. ClimateView have unlocked the vital ability for cities to win greater investments into robust climate action plans and we’re delighted to be investing in this essential business.”

Tomosaku Sohara, Managing Partner at NordicNinja and former deputy director for green and climate finance at Japan Bank for International Cooperation, says: “I understand the struggle cities face to identify their best route to climate neutrality and to coordinate action on many fronts. That’s why I knew the moment I met ClimateView that it has the solution cities all over the world are seeking. We are thrilled that our investment will allow it to expand globally and help cities make a faster transition to net zero.”

Tomer Shalit, ClimateView founder and Chief Product Officer, says: “Cities have to cut carbon fast, but it’s hard to plan how to meet their commitments while maintaining a thriving economy. ClimateOS enables them accelerate climate action, helping them identify their best route to net zero, make the right investments, and manage a successful transition in one living climate action plan.”

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AURELIUS Equity Opportunities SE & Co. KGaA appoints Richard Schulze-Muth as new CFO 29.09.2021

Aurelius Capital
  • Richard Schulze-Muth promoted to the new CFO
  • Schulze-Muth with several years of experience in finance and capital markets
  • Strengthening the organization considering a well filled deal and exit pipeline

Munich, September 29, 2021 –AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) a leading active European investment company with focus on lower mid-market and as co-investor on mid-markets announced today, that Richard Schulze-Muth will join the company’s leadership team as Chief Financial Officer as of October 1, 2021.

Richard brings many years of business experiences in management, law and corporate finance. He joined AURELUS in 2015, heads the corporate finance team and was responsible for the issuance of various bonds of the company. As Chief Financial Officer, Richard will lead the group finance organization and will be responsible for accounting, auditing, controlling, corporate finance, tax, and special financing of portfolio companies.

“I am pleased to welcome Richard to our leadership team”, said Matthias Täubl, CEO of the company. “His deep and extensive experiences in the financial and legal industry as well as his reputable standing within the company will be an invaluable addition to the team.

Filling this vacancy allows AURELIUS to gear up for its next phase of growth. A sound operational performance of our portfolio companies meets a significant uptick of activities in the M&A market. With several mature companies in the portfolio and thanks to a well filled deal pipeline, we are confident to increase our M&A activities – an area where Richard will be of great value for the company.”

Richard Schulze-Muth said “I am delighted and thankful to join the leadership team at AURELIUS as new CFO and I look forward to working with the team and especially with the finance department. For me, focus is on the people within the AURELIUS universe, improve transparency and communication, accelerate growth and enhance value for shareholders and all stakeholders.”

Categories: People

Magdalena Bonde new CEO for Ports Group

Priveq

Ports Group is the obvious partner for all companies that want to avoid business risks caused by lack of brand protection. In a world of accelerating globalization and digitalization, branding is becoming increasingly important. Ports Group has created a strong position in this market and is now taking the next step in the company’s journey to expansion together with Magdalena.

“Ports Group is a very exciting SaaS company with great growth potential, and I am so happy for this opportunity to join as CEO and co-owner,” says Magdalena Bonde.

Magdalena will take over the position as CEO of Ports Group, October 11, 2021.

Magdalena Bonde has more than 20 years of experience as a leader and visionary in the business world with a special emphasis on technology, digitalization, and growth strategies. Magdalena most recently came from Eniro AB (publ), where she held several senior positions, of which in recent years as CEO.

“We are proud and happy to present Magdalena Bonde as our new CEO. Magdalena’s solid background as a leader in general, and long experience of brands and digital transformation in particular, make her the right person to lead and develop Ports Group in the future,” says Jakob Svärdström, Chairman of the Board of Port Group.

Ports Group is a market leader in brand security. Ports Group handles several of Sweden’s strongest brands, such as Spotify, Qlik and Folksam, where they are responsible for the management, monitoring and protection of brands and digital assets through a SaaS-based business model and automated platform. Ports Group has offices in Stockholm, Gothenburg, and Malmö. Ports Group’s main owner is Priveq Investment fund IV.

For more information contact:

Jakob Svärdström, Chairman of the Board, Ports Group AB
Tel: +46 70 422 51 66
jakob.svardstrom@portsgroup.com

Magdalena Bonde, CEO, Ports Group AB
Tel: +46 76 112 00 48

Categories: People