Cornerstone adds Navab to board

Cornerstone Capital Group, a New York-based registered investment adviser, has named Alexander Navab to its board of directors. Navab is the former head of the Americas private equity business at KKR. PRESS RELEASE NEW YORK, October 24, 2018 – Cornerstone Capital Group (“Cornerstone”), an SEC registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social, and governance (ESG) analysis into portfolio design, today announced the appointment of Alexander Navab to its Board of Directors. Navab is the former Head of the Americas Private Equity Business at Kohlberg Kravis Roberts & Co (KKR), and has deep global experience in private equity, mergers and acquisitions, and corporate finance. “We are thrilled to welcome Alex to our Board given his exceptional accomplishments as a business leader and board director in both the private and nonprofit sectors,” said Erika Karp, Founder and CEO at Cornerstone. “Investing to optimize both
Continue reading "Cornerstone adds Navab to board"

ESG links: unsettled facts

ESG links: name changes

Auxo wraps up inaugural fund at $50 mln

Auxo Investment Partners has closed its debut fund at $50 million. The backers of Auxo Growth Holdings I include family offices and institutional investors. The Grand Rapids, Michigan-based investment firm seeks to invest in North America-based manufacturing, industrial, value-added distribution or business-services companies that have an EBITDA between $1.5 and $15 million. PRESS RELEASE September 4, 2018 (Grand Rapids, Mich.) – Auxo Investment Partners, a Michigan-based private equity firm, today announced the final closing of its first investment fund, Auxo Growth Holdings I LLC. The firm raised $50 million in committed capital from prominent family offices and institutional investors. Reaching the hard cap is an important milestone for Auxo, which was founded in late 2016 by three veteran investors and operators: Jeff Helminski, Jack Kolodny and Fred Tedori. Combined with direct co-investment from family offices and modest leverage, the inaugural fund will deploy approximately $150 million of equity
Continue reading "Auxo wraps up inaugural fund at $50 mln"

ESG links: not-so green bonds

ESG links: rating mismatches

ESG links: name salad

ENYO Pharma raises 40 mln pounds

ENYO Pharma said June 4 that it raised 40 million pounds ($53.5 million) in a series B round led by OrbiMed, followed by Andera Partners (previously EDRIP) and Bpifrance Large Venture as new shareholders. Existing shareholders, Sofinnova Private Capital VII, Morningside Venture Investments, InnoBio and Inserm Transfert Initiative also participated to this round. ENYO is a clinical stage biotech company. PRESS RELEASE Lyon, June 4, 2018, 2018 – ENYO Pharma, a clinical stage biotech company developing innovative drug candidates by mimicking virus strategies to modulate host cellular functions, today announced that it has completed a €40 million Series B round of financing from US and European investors. This new funding will enable the company to finance the two first Phase II clinical trial of its EYP001 asset in both chronic HBV and NASH. A second asset is also planned to enter clinic by 2019. The deal
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ESG links: quants at work

Gainline invests in iES

Gainline Capital Partners has made an undisclosed investment in Integrated Energy Services Corporation. Based in New York City, iES is a provider of grid relationship management software and demand response services to commercial electricity customers.

PRESS RELEASE

STAMFORD, Conn., April 26, 2018 /PRNewswire/ — Gainline Capital Partners (“Gainline”), a private equity firm that invests in U.S. based middle market companies, announces that it has made an investment in Integrated Energy Services Corporation (“iES” or the “Company”). The terms of the deal were not disclosed.

iES is a leading provider of grid relationship management software and demand response services to commercial electricity customers. This transaction marks Gainline Capital Partners’ second platform investment in its inaugural fund.

iES Founder and CEO Brock Nigg commented, “We are excited to partner with Gainline as we execute on our strategic vision and enter the next phase of growth at iES. Gainline’s investment and

Continue reading “Gainline invests in iES”

Gainline invests in iES

Gainline Capital Partners has made an undisclosed investment in Integrated Energy Services Corporation. Based in New York City, iES is a provider of grid relationship management software and demand response services to commercial electricity customers.

PRESS RELEASE

STAMFORD, Conn., April 26, 2018 /PRNewswire/ — Gainline Capital Partners (“Gainline”), a private equity firm that invests in U.S. based middle market companies, announces that it has made an investment in Integrated Energy Services Corporation (“iES” or the “Company”). The terms of the deal were not disclosed.

iES is a leading provider of grid relationship management software and demand response services to commercial electricity customers. This transaction marks Gainline Capital Partners’ second platform investment in its inaugural fund.

iES Founder and CEO Brock Nigg commented, “We are excited to partner with Gainline as we execute on our strategic vision and enter the next phase of growth at iES. Gainline’s investment and

Continue reading “Gainline invests in iES”

Gainline invests in iES

Gainline Capital Partners has made an undisclosed investment in Integrated Energy Services Corporation. Based in New York City, iES is a provider of grid relationship management software and demand response services to commercial electricity customers.

PRESS RELEASE

STAMFORD, Conn., April 26, 2018 /PRNewswire/ — Gainline Capital Partners (“Gainline”), a private equity firm that invests in U.S. based middle market companies, announces that it has made an investment in Integrated Energy Services Corporation (“iES” or the “Company”). The terms of the deal were not disclosed.

iES is a leading provider of grid relationship management software and demand response services to commercial electricity customers. This transaction marks Gainline Capital Partners’ second platform investment in its inaugural fund.

iES Founder and CEO Brock Nigg commented, “We are excited to partner with Gainline as we execute on our strategic vision and enter the next phase of growth at iES. Gainline’s investment and

Continue reading “Gainline invests in iES”

Gainline invests in iES

Gainline Capital Partners has made an undisclosed investment in Integrated Energy Services Corporation. Based in New York City, iES is a provider of grid relationship management software and demand response services to commercial electricity customers.

PRESS RELEASE

STAMFORD, Conn., April 26, 2018 /PRNewswire/ — Gainline Capital Partners (“Gainline”), a private equity firm that invests in U.S. based middle market companies, announces that it has made an investment in Integrated Energy Services Corporation (“iES” or the “Company”). The terms of the deal were not disclosed.

iES is a leading provider of grid relationship management software and demand response services to commercial electricity customers. This transaction marks Gainline Capital Partners’ second platform investment in its inaugural fund.

iES Founder and CEO Brock Nigg commented, “We are excited to partner with Gainline as we execute on our strategic vision and enter the next phase of growth at iES. Gainline’s investment and

Continue reading “Gainline invests in iES”

ESG links: impact investing

AkzoNobel sells specialty chemicals business to Carlyle, GIC for $12.57 bln

AkzoNobel said March 27 that it is selling its specialty chemicals business to Carlyle Group and GIC for 10.1 billion euros ($12.57 billion). The deal will create two businesses, paints and coatings, and specialty chemicals. AkzoNobel said net proceeds are expected to be around 7.5 billion euros. PRESS RELEASE March 27, 2018
 
AkzoNobel to sell Specialty Chemicals to The Carlyle Group and GIC for €10.1 billion ($12.57bn)
 
Agreement successfully concludes the dual-track sales process
 
Akzo Nobel N.V. (AKZA; AKZOY)
 
·         Key milestone in creating a focused, high performing Paints and Coatings company
·         Unleashing the Specialty Chemicals business to achieve its full potential
·         Thorough process results in best outcome for all stakeholders
·         Vast majority of net proceeds to be returned to shareholders
 
AkzoNobel today announces the sale of 100% of its Specialty Chemicals business to The Carlyle Group and GIC for
Continue reading "AkzoNobel sells specialty chemicals business to Carlyle, GIC for $12.57 bln"

China’s War on Pollution

China’s War on Pollution Will Change the World. click for full graphic Source: Bloomberg   This is quite fascinating: Four decades of breakneck economic growth turned China into the world’s biggest carbon emitter. But now the government is trying to change that without damaging the economy—and perhaps even use its green policies to become a… Read More The post China’s War on Pollution appeared first on The Big Picture.

ESG links: giving it all away

ESG links: optimizing human resources

ESG links: a faster pace