Stay Informed with Marketcurrents: Exclusive Investment Updates on Industry Giants
July 21, 2023
The MarketCurrents Data service furnishes you with information regarding the data points of the most affluent families and investors worldwide. Recently, our database has been updated with five more family office profiles. Here’s a summary of these updated family office profiles.
Neuron Energy, the EV smart battery manufacturer, has successfully raised Rs 20 crore in their Pre-Series A Round. Among the investors, Chona Family Office (Havmor Group) participated alongside renowned Family Offices and HNI investors. The influx of funds will be primarily utilized to support crucial initiatives, including obtaining essential ICAT certifications, investing in mold development, and reinforcing the workforce. The company plans to expand its R&D team and recruit CXOs and senior management to strengthen its operations. Located in Mumbai, the Family Office of Mr. Ankit Chona is actively managed and has previously been associated with Havmor Ice-cream Limited as its promoter. This Family Office is involved in diverse asset classes, encompassing public and private equity, fixed income, real estate, global markets, and commodities.
Wildcat Capital Management, LLC, which owns approximately 2.6% of Consolidated Communications Holdings, Inc., expressed significant concerns about the non-binding takeover offer from Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. As a long-term investor and one of the Company’s largest shareholders, Wildcat firmly supports CNSL’s current strategic trajectory and urges the Special Committee not to pursue an offer that undervalues CNSL’s equity by a factor of 3.5x. They believe any recommended offer should be no lower than $14.00 per share.
Kidd & Company, a leading family office investment firm, is pleased to announce the successful sale of NextPhase Medical Devices, LLC to Medical Device, Inc., a leading medical device contract manufacturer, indirectly invested in by Investindustrial Growth fund. Terms undisclosed. NextPhase specializes in North American class II and III medical devices, including complex electromechanical devices, active implantable devices, and single-use disposables. Kidd & Company initiated its investment in NextPhase in 2015 through Nexcore Technology. As the private investment arm of the Kidd Family Office, the firm focuses on driving superior returns through strategic improvements and accretive acquisitions in the lower middle market.
The Michael & Susan Dell Foundation, established in 1999, is an independent non-profit organization based in Austin, Texas. Its mission is to enrich the lives of underprivileged children in urban areas by focusing on education, health, and family economic stability. Through grants and strategic investments, the foundation aims to improve the well-being and opportunities of children and teenagers living in urban poverty.
AEQUITA is a Munich-based family office specializing in investments across Europe, particularly in unique situations such as business carve-outs, successions, and transformative events. Boasting a revenue of EUR 1.5 billion, the firm operates within the automotive, industrial goods, and construction industries. Their team concentrates on acquiring and fostering long-term value in companies that can thrive through operational engagement, leveraging a strong capital foundation, entrepreneurial expertise, and a partnership-oriented approach.
Located in Annapolis, MD, MRE Partners (“MRE”) is the family office of David Williams, specializing in private company investing and development. David Williams is the former owner and CEO of Merkle, a renowned global provider of technology-enabled marketing services.
MarketCurrents Data provides extensive information about Global Single Family Offices, making it an excellent source for learning more about the family office mentioned above.