Money Buzz! Europa

Category: Investment

  • Eleva secures up to EUR 60 million to advance a drug candidate

    Eleva secures up to EUR 60 million to advance a drug candidate

    Eleva, a manufacturer of superior biologics, has secured up to EUR 60 million in funding from Zukunftsfonds Heilbronn (ZFHN).

    The funds will help advance one of its drug candidates, CPV-101, to stages that will facilitate further investment from venture capitalists and/or pharmaceutical companies.

    Based in Freiburg, Germany, Eleva develops novel biological therapies with its pharmaceutical partners.

    The privately-held company leverages its unique moss-based production platform to produce supreme biologics like antibodies, replacement enzymes, or fusion toxins.

    Eleva has successfully developed drug candidates into clinical phases.

  • Generali to pay USD 203 million for Axa assets in Greece

    Generali to pay USD 203 million for Axa assets in Greece

    Generali acquired the Greek operations of the French insurance company Axa, as part of the plan to expand its activity in Europe in the general and health insurance segment, Reuters and Bloomberg report.

    The Italian insurance group will pay 165 million euros ($ 203 million) for Axa Greece and announced the extension of the distribution agreement between Axa and Alpha Bank for 20 years, after March 2027.

    Axa currently sells insurance products in Greece through a long-term distribution agreement with Alpha Bank.

    The transaction between Generali and Axa is expected to be completed in the second quarter of 2021, subject to regulatory approval.

    In 2019, Axa Greece reported gross insurance premiums amounting to approximately 168 million euros.

    Axa is the second largest European insurer, being overtaken by the German group Allianz.

  • Ferrero Group, definitive agreement to acquire Eat Natural

    Ferrero Group, definitive agreement to acquire Eat Natural

    The Ferrero Group announced a definitive agreement pursuant to which it will acquire Eat Natural, the maker of high-quality cereal bars, toasted muesli and granola.

    The Ferrero Group plans to maintain and further build Eat Natural’s brand authenticity, while supporting the company with distribution and expansion to new markets and category segments opportunities.

    As part of the transaction, The Ferrero Group will take over the production facilities in Halstead, UK, and plans to retain the management and the employees of the businesses. 

    The transaction, subject to customary closing conditions and regulatory approvals, is expected to close in in the next months.

  • Bolt closes €150m round of funding, its largest ever

    Bolt closes €150m round of funding, its largest ever

    Bolt closed its largest ever round of funding. This €150m investment will help the company enhance the safety and quality of products and services.

    The investment was led by D1 Capital Partners, and also included Darsana Capital Partners.

    These new safety features include an SOS button, designed to let users contact emergency services quickly if needed and a ”Share Ride Info” button, allowing riders to inform friends and family of their location and expected time of arrival.

    Earlier this month, Bolt unveiled its 4th generation scooter, developed by 100% in-house.

    This scooter is now the safest scooter model on the market, thanks to unique sensors that detect unsafe riding patterns.

    It has also been optimised to provide extra stability and safer manoeuvring.

  • Dreamdata secures $4.4 million in seed funding

    Dreamdata secures $4.4 million in seed funding

    The round was led by InReach Ventures and Crowberry Capital, and counted with participation from existing tech investors Seedcamp, Futuristic.vc and Preseed Ventures.

    ”Investing in Dreamdata was an easy choice to make. The B2B Revenue Attribution Platform category is in its infancy, and we believe that Dreamdata has the potential to be the global category leader.”

    Roberto Bonanzinga, co-founder of InReach Ventures

    Dreamdata brings to market a solution designed specifically for B2B. A product that replaces disjointed semi-solutions and helps understand the full value of actions.

    The solution pull together all relevant data by introducing a smart on-site behavioural tracking script and integrating all relevant commercial data from CRM, Automations, and Customer Success tools.

    Dreamdata integrates about every commercial tool and traffic source, so customers’ teams aren’t forced to use only certain vendors or suites.

  • Port 6 raises EUR 1 Million in funding seed round

    Port 6 raises EUR 1 Million in funding seed round

    Port 6, a Finnish startup building the future of human computer interaction, raises 1 Million Euro in funding seed round.

    The seed round was led by investment fund Superangel, and saw participation from Superhero Capital, Charlotta Björnberg-Paul and the founders of Pipedrive: Urmas Purde, Timo Rein and Peep Vain.

    Port 6 is building AI-driven, biometrics-based technologies that allow creativity and interaction in augmented and virtual computing platforms.

    The company’s first prototype enables typing, gaming, playing musical instruments, creating artwork, controlling an operating system, and many more use cases with only a wristband.

  • Tink closes €85 million investment round extension

    Tink closes €85 million investment round extension

    Tink closed the year with a completed €85 million investment round extension, following its €90 million investment round in January.

    This brings the total invested in Tink during 2020 to €175 million.

    This funding top up will fuel Tink’s continued expansion and support the further development of its payment initiation technology, enabling companies of all shapes and sizes across Europe to integrate streamlined, low-cost payment solutions.

    Tink processes close to 1 million payment transactions per month in five markets, for clients including digital mailbox provider Kivra, used by close to 4 million adults in Sweden, and payment fintech Lydia, used by more than 5 million customers in France.

    Tink aims to make its payment initiation services live in 10 markets in 2021.

    Tink is currently live in Sweden, UK, France, Spain, Germany, Italy, Portugal, Denmark, Finland, Norway, Belgium, Austria and the Netherlands.

    Founded in 2012 and headquartered in Stockholm, Tink has more than 350 employees and is currently serving its clients out of 13 local offices across Europe.

  • OMV sold its filling station business in Germany to EG Group

    OMV sold its filling station business in Germany to EG Group

    EG Group will acquire OMV filling station business in Germany. The transaction is subject to required regulatory approvals and closing is expected in 2021. 

    The purchase price amounts to EUR 485 mn. As part of the agreement, EG Group will assume lease liabilities resulting in a total enterprise value for the business of approximately EUR 614 mn.

    The purchase price is subject to customary net working capital and net debt adjustments. 

    The agreement encompasses 285 filling stations in southern Germany with focus on Bavaria and Baden-Württemberg, which have only a very limited degree of integration with OMV’s refinery in Germany, as the refinery is specialized in petrochemicals production.

  • Cambridge Quantum Computing completes $45 million financing

    Cambridge Quantum Computing completes $45 million financing

    Cambridge Quantum Computing has completed a $45 million financing from investors including Honeywell Ventures, IBM Ventures, JSR Corporation, Serendipity Capital, Alvarium Investments and Talipot Holdings.

    In 2020, CQC launched enterprise-level software products in the areas of cybersecurity and quantum chemistry, as well as adding to its growing roster of Fortune Global 500 customers and partners from the USA., Europe and Asia.

    ”As quantum hardware continues to advance and scale, enterprise customers across a variety of sectors are starting to appreciate just how significantly quantum computing will impact on their operations, and we have started to see the benefits of our product-first focus,” said Ilyas Khan, CEO of Cambridge Quantum Computing.

  • Stora Enso to pay another dividend instalment of EUR 0.15 per share

    Stora Enso to pay another dividend instalment of EUR 0.15 per share

    Stora Enso Oyj’s Board of Directors has decided that a second dividend instalment of EUR 0.15 per share will be distributed based on the balance sheet adopted for the year 2019.

    The second dividend instalment will be paid on or about 17 December 2020 to a shareholder who is recorded in the shareholders’ register maintained by Euroclear Finland Oy or in the separate register of shareholders maintained by Euroclear Sweden AB on the record date of the dividend payment, 10 December 2020.

    The dividend payable for Euroclear Sweden registered shares will be forwarded by Euroclear Sweden AB and paid in Swedish krona.

    Dividends payable to ADR holders will be forwarded by Citibank N.A. and paid in US dollars. The ex-dividend date is 9 December 2020.

    Stora Enso’s Annual General Meeting of 4 June 2020 decided on an immediate dividend payment of EUR 0.15.

    It also authorised the Board of Directors to decide at a later date, at its discretion, to distribute a total dividend of up to EUR 0.35 per share in one or more instalments.

    Following the dividend payment on 17 December 2020, the total dividend for the financial year 2019 is EUR 0.30 per share.

  • Laptaria cu Caimac took the first step on the Bucharest Stock Exchange

    Laptaria cu Caimac took the first step on the Bucharest Stock Exchange

    Agroserv Mariuta, the company that operates under the dairy brand Laptaria cu Caimac, took the first step on the Bucharest Stock Exchange on December 8th, where the company’s first bond issue was listed.

    The bonds were listed on BVB’s Multilateral Trading System (SMT) and are traded with the MILK25E ticker.

    Agroserv Mariuta carried out a private placement in November through which it sold bonds denominated in euros, worth EUR 3mn.

    The bonds will reach the maturity on November 2025 and they have an interest rate of 5.25% p.a..

    The private placement was oversubscribed, and the offer was supplemented, the interest obtained being the lowest financing cost obtained in 2020 for similar bond offers.

    94 investors, both individuals and institutional investors, subscribed to the private placement.

    Agroserv Mariuta is a company with integrated activity, comprising a field farm, on which it exploits 3,000 hectares of agricultural land cultivated with cereals and oil plants, and a cow farm, thus being a dairy producer. The cow farm has a herd of about 2,800 heads.

    The company’s shareholders include Madalina Oana Cocan – 98%, Adrian Cocan – 1% and Nicusor Serban – 1%.

    From June 2018 until now, Laptaria cu caimac has developed its distribution in numerous international store chains (IKA): Mega Image, Auchan, Cora, Kaufland, Carrefour, Profi, Selgros, Metro Cash & Carry, in independent networks shops in the country: Diana – Valcea and Gorj County, Panemar – Cluj County, Ana Pan – Bucharest, Fraher – Tulcea and in many grocery stores, convenience stores and traditional stores, but also in HoReCa.

    Agroserv Mariuta ended 2019 with revenues of RON 63.2mn, up by 30% compared to the previous year. In the first half of this year, revenues amounted to RON 37.6mn, 40% above the level of the same period last year.

    The company’s management estimates that revenues will reach almost RON 70mn in 2020, and this indicator will increase in the coming years, so that for 2025 it estimates total revenues of almost RON 142mn.

  • Trenitalia becomes sole shareholder of Netinera Deutschland

    Trenitalia becomes sole shareholder of Netinera Deutschland

    Trenitalia takes sole control of Netinera Deutschland GmbH, a German company operating in public transport and rail freight.

    The transaction was finalised through the acquisition of 49% of the share capital from Cube Transport Sarl, an investment fund under Luxembourg law and specialized in infrastructure and public services, for a value of EUR 117,835,200.00.

    On November 25, 2020, the European Commission provided clearance for the acquisition pursuant to Regulation (EC) no. 139/2004 of the Council of the European Union.