Actis takes majority stake in Kenyan wind power project


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Actis has acquired a majority stake in Kipeto Energy Ltd, a Kenyan wind power project. No financial terms were disclosed. Craftskills Wind Energy International acquired the remaining 12 percent stake. Overseas Private Investment Corporation provided the senior debt.

PRESS RELEASE

Date: 18 December 2018, Nairobi: Kipeto Energy Ltd (“Kipeto”) today announced it has reached financial close following the acquisition by leading growth markets investor Actis of the respective equity interests of IFC, a member of the World Bank Group and African Infrastructure Investment Managers’ (“AIIM”), a member of Old Mutual Alternative Investments.

The project is now funded by equity from Actis (88%) and Kenyan company Craftskills Wind Energy International (12%) alongside senior debt from the Overseas Private Investment Corporation (“OPIC”), the US Government’s development finance institution.
Once operational, Kipeto, located in Kajiado county, as the country’s second largest wind farm will supply 100MW of clean energy to the national

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Hentsu scores funding


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Hentsu, a provider of public cloud technology to hedge funds and asset managers, has raised an undisclosed amount of funding. The lead investor was Credit Suisse Asset Management’s NEXT Investors. Falconwood Corporation and Raptor Group Holdings also participated in the financing.

PRESS RELEASE

New York, October 11, 2018 – Hentsū, a leading provider of fully managed cloud-based online solutions for hedge funds and asset managers, announced today an investment round led by Credit Suisse Asset Management’s NEXT Investors. Additional investors include the Falconwood Corporation, an investment banking firm backed by the family office of Dr. Henry Jarecki, and Raptor Group Holdings, a private investment company backed by the family office of Jim Pallotta.

The investment primarily will be used to drive the expansion of Hentsū’s product offering and sales and marketing efforts.

Founded in 2015 in London, Hentsū is a unique provider of cloud-based solutions to the hedge fund

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Credit Suisse taps veteran Eric Varvel as global head of asset management


This post is by Eamon Murphy from PE Hub Blog: Human Resources


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Credit Suisse announced the addition of Eric Varvel to its international wealth management division, effective June 1, 2016. Varvel will succeed Bob Jain as global head of asset management, reporting to Iqbal Khan, CEO of international wealth management. A twenty-five year veteran of Credit Suisse, Varvel has held several senior roles at the company, including in the Asia Pacific region.

Press Release

Eric Varvel will join the International Wealth Management (IWM) division as Global Head of Asset Management, effective June 1, 2016, succeeding Bob Jain. He will report to Iqbal Khan, CEO of International Wealth Management, and he will be a member of IWM’s Management Committee. Eric Varvel will be based in New York and spend a significant portion of his time in Switzerland and in various emerging markets, including in the Asia Pacific region, to drive forward the further development of our global Asset Management franchise.

Iqbal Khan, CEO of International Wealth

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Third Kind, Andreessen Horowitz, and Allen & Company invest $2 mln in CodeCombat


This post is by Eamon Murphy from PE Hub Blog: Venture Capital Deals


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Third Kind Venture Capital, Andreessen Horowitz, and Allen & Company together invested $2 million in CodeCombat, a computer science learning platform. The seed round funding will help CodeCombat finish its new education program for classroom use.

Press Release

CodeCombat, which offers the most engaging platform for helping kids learn computer science (CS), announced today that it has closed a $2M seed round of funding from Third Kind Venture Capital, Andreessen Horowitz and Allen & Company. The funding was primarily to help CodeCombat finish its new classroom offering, which launches today after extensive beta testing by more than 25,000 students in grades 3-12.

CodeCombat was designed to make learning to code as easy as playing a game. The only CS learning tool that has students typing real code from day one, CodeCombat enables teachers without any CS background to teach a course on coding.

“Until now, CS classes have been

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CodeCombat raises $2 mln from Third Kind, Andreessen, Allen


This post is by Mark Boslet from PE Hub Blog: Venture Capital Deals


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CodeCombat said it raised a $2 million seed round of funding from Third Kind Venture Capital, Andreessen Horowitz and Allen & Company. The company today launched its game-based classroom product designed to help students learn computer science and coding.

PRESS RELEASE

CodeCombat Raises $2M Seed Round, Launches New Game-Based Platform To Help Students Learn Computer Science and Coding

Investors include Third Kind Venture Capital, Andreessen Horowitz and Allen & Company
San Francisco, Calif. – May 2, 2016 – CodeCombat, which offers the most engaging platform for helping kids learn computer science (CS), announced today that it has closed a $2M seed round of funding from Third Kind Venture Capital, Andreessen Horowitz and Allen & Company. The funding was primarily to help CodeCombat finish its new classroom offering, which launches today after extensive beta testing by more than 25,000 students in grades 3-12.

CodeCombat was designed to make learning to code

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Millendo Therapeutics snags $62 mln Series B


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Ann Arbor, Michigan-based Millendo Therapeutics (formerly known as Atterocor Inc), a biopharmaceutical company focused on treating orphan and specialty endocrine diseases, has raised $62 million in Series B funding. New Enterprise Associates Inc led the round. Other investors included Roche Venture Fund, Adams Street Partners, Altitude Life Science Ventures, Longwood Fund, Renaissance Venture Capital Fund, Frazier Healthcare Partners, Osage University Partners and 5AM Ventures.

PRESS RELEASE

ANN ARBOR, Mich.–(BUSINESS WIRE)–Millendo Therapeutics, Inc., today announced that it has entered into an exclusive license agreement with AstraZeneca for the worldwide development and commercialization rights to AZD4901, a product candidate for the treatment of polycystic ovary syndrome (PCOS), the most common endocrine disease in women. The Company will develop the compound as MLE4901. In addition, Millendo has secured a $62 million Series B investment led by New Enterprise Associates, Inc. Previously known as Atterocor, Inc., Millendo is a biopharmaceutical company

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Credit Suisse’s (CS) CEO Brady Dougan on Q2 2014 Results – Earnings Call Transcript


This post is by SeekingAlpha.com from Transcripts from Seeking Alpha


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    <p>Credit Suisse Group (NYSE:<a href='http://seekingalpha.com/symbol/cs' title='Credit Suisse Group AG'>CS</a>)</p> <p>Q2 2014 Earnings Conference Call</p> <p>July 22, 2014 02:30 ET</p> <p/> <p>

Executives

Christian Stark – IR

Brady Dougan – CEO

David Mathers – CFO

Analysts

Daniele Brupbacher

Kinner Lakhani – Citi

Michael Helsby – Bank of America

Fiona Swaffield – RBC

Stefan Stalmann – Autonomous U.S.

Jeremy Sigee – Barclays

Christopher Wheeler – Mediobanca

Jernej Omahen – Goldman Sachs

Dirk Becker – Kepler Cheuvreux

Andrew Lim – Societe Generale

Andrew Simpson – Bank of America

Presentation

Christian Stark

Good morning and welcome to our second quarter results call. Before we begin, let me remind you to take note of the important disclaimer on slide 2, including the statements on non-GAAP measures and Basel III disclosures. I now turn it over to Brady Dougan, our CEO.

Brady Dougan

Great. Thank you very much Christian. Welcome everybody and thanks for joining our second quarter 2014 earnings call. I’m joined

                                                                                                                                                                                                                                                                                                                                                                             <br/><a href='http://seekingalpha.com/article/2329635-credit-suisses-cs-ceo-brady-dougan-on-q2-2014-results-earnings-call-transcript?source=feed'>Complete Story &raquo;</a>