Latest news with #Eurazeo
Associated Press
a day ago
- Business
- Associated Press
#BACKBLUE OCEAN FINANCE COMMITMENT SURGES BEYOND USD$3 TRILLION IN ASSETS UNDER MANAGEMENT
• #BackBlue ensures the Ocean has seat at table in finance and insurance decisions • New financial joiners to Commitment include BNP Paribas, Eurazeo, Mirova MONACO, MONACO, June 9, 2025 / / -- The #BackBlue Ocean Finance Commitment now covers a cumulative value of USD$3.45 trillion of assets under management as three new corporates endorse this call, this World Ocean Day. BNP Paribas, Eurazeo and Mirova are the latest financial institutions to join the Commitment which ensures a regenerating and sustainable ocean has a seat at the table in finance and insurance decisions. They join existing endorsers including Deutsche Bank, Standard Chartered, AXA, WTW and Palladium. The announcement comes today during the Blue Economy and Finance Forum in Monaco, a Special Event of the Third United Nations Ocean Conference which starts tomorrow in Nice, France. The #BackBlue Ocean Finance Commitment is a joint initiative of The Ocean Risk and Resilience Action Alliance and the World Economic Forum's Ocean Action Agenda and is also supported by the UN Race to Resilience, the IUCN and UNEP FI, to drive investment into coastal and ocean natural capital. The Ocean plays a vital role in combating climate change and is home to over 80 per cent of all life on Earth. It is the planet's largest carbon sink and has absorbed over 90 per cent of the heat from our carbon emissions. It feeds and provides livelihoods to billions. Those supporting #BackBlue commit to taking specific actions including: • Setting robust net zero commitments; • Driving financial system policy change that is nature positive with a particular focus on the Ocean; • Accelerating the transition towards a healthy and sustainable ocean; • Joining the Ocean Risk and Resilience Action Alliance and/or the Sustainable Finance Community at the World Economic Forum. Karen Sack, Executive Director, ORRAA, said: 'This announcement in Monaco reinforces how connected our Ocean is to decisions made from beachfront to boardroom. Welcoming BNP Paribas, Eurazeo and Mirova to #BackBlue shows a growing, diverse global group of financial institutions coming together to secure a healthy, resilient ocean for people, nature and economies alike. But, as always, there is always much more that can be done, and we encourage others to follow suit in Backing Blue.' Alfredo Giron, Head of the World Economic Forum's Ocean Action Agenda and Friends of Ocean Action, said: 'We are delighted to welcome these three new private sector actors to #BackBlue. By joining #BackBlue, these organisations are helping to drive the urgent shift toward a regenerative and sustainable blue economy, essential for a healthy Ocean.' Supporting #BackBlue will help the delivery of: • The UN Race to Resilience's goals of building the resilience of four billion people from groups and communities who are vulnerable to climate risks by 2030; • The World Economic Forum's Ocean Action Agenda to catalyse public-private partnerships to accelerate ambitious solutions for a regenerative and sustainable ocean economy, and; • ORRAA's objective of securing USD$500m of investment into coastal and ocean natural capital by 2030, to mitigate risk and build the resilience of 250 million people in communities vulnerable to climate change in the Global South. The #BackBlue brochure can be found online here. Nicholas Moore Ocean Risk and Resilience Action Alliance [email protected] Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Bloomberg
a day ago
- Business
- Bloomberg
Eurazeo, Nordic Capital Eye Bertarelli-Backed Firm Capital Four
Capital Four, a credit manager backed by a vehicle tied to Swiss billionaire Ernesto Bertarelli, has attracted interest from a slew of Europe's investment firms. Private capital managers Eurazeo and Nordic Capital are among the firms that have held preliminary talks with Capital Four about a potential acquisition of the Danish firm, according to people familiar with the negotiations. The Danish firm has also attracted initial interest from Tikehau, the people said.
Globe and Mail
02-06-2025
- Business
- Globe and Mail
H.I.G. Capital Expands Its European Middle Market Private Equity Team with the Addition of Antonin Marcus
PARIS , June 2, 2025 /CNW/ -- H.I.G. Capital ("H.I.G." or the "Firm"), a leading global alternative investment firm with $70 billion of capital under management, is pleased to announce today that Antonin Marcus has joined the Firm as a Managing Director on H.I.G.'s Middle Market Private Equity team in France . Based in Paris , Antonin is a proven private equity investor with over 15 years of experience in private equity and finance, covering several sectors and investment strategies. Prior to joining H.I.G., he spent eight years with Eurazeo. Before that, Antonin worked for H.I.G. in Paris , and he began his career with Goldman Sachs in London . Olivier Boyadjian , Managing Director and Head of H.I.G. Paris office, commented: "Antonin is a highly regarded private equity investor. We are excited to have him rejoin H.I.G. as a Managing Director in charge of our Middle Market LBO activities in France ." Markus Noe-Nordberg , Managing Director and Head of the H.I.G. European Middle Market LBO team, said: "We are delighted to welcome Antonin to our team. His deep experience and extensive network will be instrumental to our continued success in France ." In commenting on his new role, Antonin Marcus added: "I am thrilled to be back with the H.I.G. team and build upon the success in Europe . Through H.I.G.'s Middle Market LBO strategy, we will further complement the Firm's breadth of capabilities in France with an additional focus on larger transactions." About H.I.G. Capital H.I.G. is a leading global alternative investment firm with $70 billion of capital under management.* Based in Miami , and with offices in Atlanta , Boston , Chicago , Los Angeles , New York , San Francisco and Stamford in the United States , as well as international affiliate offices in Hamburg , London , Luxembourg , Madrid , Milan , Paris , Bogotá, Rio de Janeiro , São Paulo, and Dubai , and Hong Kong, H.I.G. specializes in providing both debt and equity capital to mid-sized companies, utilizing a flexible and operationally focused/value-added approach: H.I.G.'s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. H.I.G.'s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance. H.I.G.'s real estate funds invest in value-added properties, which can benefit from improved asset management practices. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm's current portfolio includes more than 100 companies with combined sales in excess of $53 billion . For more information, please refer to the H.I.G. website at *Based on total capital raised by H.I.G. Capital and its affiliates. Contact: Olivier Boyadjian Head of H.I.G. Paris office oboyadjian@ Markus Noe-Nordberg Managing Director mnordberg@ H.I.G. European Capital S.A.S. 2, Rue Lord Byron 5 th Floor 75008 Paris France P: +33 (0) 1 53 57 50 60 SOURCE H.I.G. Capital
Irish Times
22-05-2025
- Business
- Irish Times
Kota raises $14.5m in funding to grow business
Irish-founded insurance benefits platform Kota , formerly known as Yonder , has raised $14.5 million (€12.8 million) in funding to bring globally accessible and frictionless employment benefits for employees That brings the total funding raised by the company to $22.9 million over three rounds. The new Series A round was led by Eurazeo, with existing investors EQT Ventures, Northzone and Frontline Ventures taking part. New investors 9Yards and Plug and Play also contributed to the round. 'Kota really stood out to us,' said Eurazeo's Elise Stern. 'With a tech-first approach, they've built a robust technical and financial infrastructure: deep integrations with insurers across dozens of countries, visibility across the benefits stack, and a seamless API that allows partners – from HRIS to payroll – to embed benefits natively.' READ MORE Kota will use the funding to expand its reach into more markets, increase the variety of insurance carrier partners in its products, and also grow its team. 'We're pretty ambitious. Our team is mainly made-up of engineers and specialists in things like some insurance and compliance. So we're doubling down there,' said CEO Luke Mackey. 'Where we invested a lot is making sure that we built the best engineering and product teams, best integrations teams and building great relationships with insurance companies. We have a small sales team in Dublin, we've expanded that team into the UK now. We have offices in Dublin and London, and we're hiring.' Kota is aiming to simplify health and pension benefits for global businesses and employees. 'Europe is exceptionally complex when it comes to insurance and that obviously feeds into benefits and the providers remain very fragmented country to country,' Mr Mackey said. 'The regulators are different. That just creates a lot of complexity, creates a lot of costs. That means that brokers are still the route into [the] market for small companies. 'What we're trying to do is build that underlying infrastructure, bring the insurance companies more online and make them easy and accessible in a very user-friendly way.' The company has also obtained its Central Bank of Ireland authorisation, with Mr Mackey saying it allowed the company to scale outside of Ireland, and passport across 30 European countries. The company is also expecting a boost from pension autoenrolment, which is due to begin next year. Founded in 2022 by Mr Mackey, chief technology officer Patrick O'Boyle and director of engineering Deepak Baliga, Kota began offering its services in 2023, and has since facilitated access to employee benefits for hundreds of small and medium sized companies. 'We're at a critically low level of housing stock' for buyers and renters Listen | 33:06
Irish Independent
22-05-2025
- Business
- Irish Independent
Kota raises over $14m in Series A round to drive its worker-benefits software
The company, formerly called Yonder, also announced it has secured a Central Bank of Ireland licence, becoming one of the only tech platforms regulated to deliver benefits across Europe. Kota (as Yonder) was founded by CEO Luke Mackey, Patrick O'Boyle and Deepak Baliga. Its customers include Zoe Health, Poolside, Carwow, Tines, &Open and Protex AI. Kota integrates with some of Europe's largest insurance providers, including Vitality in the UK, ONVZ in the Netherlands, Sanitas in Spain, Irish Life Health in Ireland and Allianz Global Care internationally. The company says that the funding will be used to expand the Kota workforce, increase the variety of insurance carrier partners in its products and accelerate customer acquisition. The Series A round was led by Eurazeo, which is listed on Euronext Paris, along with existing investors EQT Ventures, Northzone, Frontline Ventures, and new investors 9Yards and Plug and Play. Employee benefits are systematically undervalued and expensive The company's service aims to fix what it calls a 'broken' system where a combination of old-fashioned insurance or benefits providers, PDFs and manual processes make benefits inaccessible and unmanageable to a lot of employees. The company claims to fix this, comparing itself to Revolut's effect on traditional banking. It integrates directly with insurers and pension providers, giving employees immediate access and control, as well as giving HR teams a single platform to manage everything. 'Employee benefits, which can make up 25pc of total compensation, are systematically undervalued and expensive,' said Luke Mackey, Kota's CEO. 'I experienced this as a founder and a general manager, managing benefits in email, between brokers and insurance companies, completely disconnected and alien from anything else in the business. It's entirely out of date. Ultimately, no one on the team connected or engaged with them, no matter how much we invested. 'It's not surprising. Insurance benefits are delivered in clunky portals or in PDFs, which is so unengaging compared to the financial experiences employees are used to. 'Kota integrates directly with insurance companies so we can control that experience and make it easy to roll out and run benefits, no matter who you are or where your team is. 'This means that employees can quickly understand, enrol, access coverage, retirement plans, or other benefits, and actually value them.' Kota says that employee benefits, while growing into a $70bn market, are still 'unfit' for lean, forward-thinking start-ups and scale-ups populated by millennials and Gen Z workers. 'With a tech-first approach, they've built a robust technical and financial infrastructure,' said Elise Stern from Eurazeo. 'This includes deep integrations with insurers across dozens of countries, visibility across the benefits stack, and a seamless API that allows partners from HR information systems to payroll to embed benefits natively.'
