SWFI First Read, November 27, 2016

State Street Sells Back Complementa Investment-Controlling to Company Management

State Street Corporation sold its ownership of Swiss data and analytics firm Complementa Investment-Controlling to its management. Complementa CEO Heinz B. Rothacher purchased 100% of the shares in Complementa plus it subsidiaries. The company is based in St. Gallen and has branches in Zurich and Frankfurt. In 2011, State Street acquired Complementa Investment-Controlling from the company’s founder Michael Brandenberger.

British Business Bank Invests in Seraphim Space Fund

Sheffield-based British Business Bank plc, a state-owned economic development bank established by the U.K. government, committed £30 million to a fund being managed by London-based Seraphim Capital. Seraphim Capital is launching a £80 million fund called the Seraphim Space Fund to invest in technologies in the space sector covering artificial intelligence (AI), software, hardware and nanomaterials. In addition, aerospace giant Airbus participated in the fund investment round as well. Michael Jones, the founder of the virtual map platform Google Earth, is taking a role as the fund’s managing partner.

Vertex Ventures Invests in Spacemob

Vertex Ventures, a venture capital unit of Singapore’s Temasek Holdings, led an investment round in Singapore-based share office space provider Spacemob. The seed investment round was worth US$ 5.5 million. Other investors in the round include Alpha JWC Ventures, which has a strong presence in Indonesia, as well as angel investors.

Co-operative Group Limited Awards PGIM Real Estate with Property Mandate

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