Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced a follow-on investment by Low Carbon Innovation Fund 2 (LCIF2) in its existing portfolio company, Spark EV Technology. The investment is part of the company’s £250,000 capital raising round involving both existing and new shareholders. Spark EV Technology is a category leader…
In our latest podcast, Turquoise managing director Ian Thomas interviews colleagues Francis Wright (managing director) and David Wright (director, China) on all matters Chinese outbound M&A. Turquoise advises Chinese corporates on acquisitions in the UK and Europe. The podcast covers key insights from the team, including: The opportunities Chinese companies are seeking with outbound M&A…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced its 12th deal for the Low Carbon Innovation Fund 2 (LCIF2). The investment in Outfield Technologies is part of a £576,000 round that also includes Cambridge Agritech and Amadeus. Outfield provides a yield measurement and orchard management system for high value fruit…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has invested in bio-bean for the Low Carbon Innovation Fund 2 (LCIF2). The investment of £350,000 is part of an overall round of £1.25million. The round was led by LCIF2 with the participation of 2Enable Partners, Stellar Impact and the Gresham House Renewable Energy…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced its tenth deal for the Low Carbon Innovation Fund 2 (LCIF2), a £250,000 investment in pH sensor company ANB Sensors (ANB). LCIF2 led the £997,000 equity round which included Hatch Accelerator Fund and Applied Technology Ventures as co-investors. ANB was founded in…
Scotland-based HV Systems (HVS) has secured a £5 million capital injection from Beehive Equity Limited, a wholly-owned subsidiary of EG Group (EG). Multiple award-winning HVS will now take its innovative hydrogen vehicle designs through prototyping and demonstration, allowing manufacturing to commence. There has been much said about impending bans on the sale of new petrol…
Turquoise International (“Turquoise”) is pleased to announce that Zhejiang Jiecang Linear Motion Technology (“Jiecang”) has agreed to acquire Logicdata Elektronik and Software Entwicklungs GmbH (“Logicdata”). Turquoise acted as financial adviser to Jiecang which acquired 100% of Logicdata for €79.18m. This merger will create a leading worldwide linear motion components and systems supplier with annual revenue…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has invested in Ablatus Therapeutics for the Low Carbon Innovation Fund 2 (LCIF2). The investment of £85,000 is part of an overall round which could reach £1.5million. Ablatus Therapeutics is developing Bimodal Electric Tissue Ablation (BETA), an innovative improvement over existing tissue ablation techniques,…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced its eighth deal for the Low Carbon Innovation Fund 2 (LCIF2). The investment in geo is part of a first close of a round co-led by LCIF2 and Schneider Electric Ventures (SEV), with the participation of Consensus Business Group, West Coast Capital…
We are very pleased to announce that Professor John Loughhead, until recently Chief Scientific Adviser to the Department for Business, Energy and Industrial Strategy (BEIS), has agreed to become the Independent Member of the Investment Committee of the Low Carbon Innovation Fund 2 (LCIF2). What has been the most significant technological development of recent years? There…