Deals from FinancePlus Western Europe

Deals from FinancePlus Western Europe

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Swiss Private Bank for Sale

The Bank was founded almost 20 years ago in Switzerland. It is a separate subsidiary bank of a publicly quoted Austrian banking group. Its range of services is specifically tailored to those customers for whom excellent advice and customised solutions are especially important. The private banking section occupies a key strategic position in which core competency is consolidated. The firm stands for sustainable conservation of the value of its customers’ assets. Consequently, the range of services of the Bank has been adjusted to reflect this. The Bank also offers its clients online banking, share trading and trading in commodities etc. It has two offices in Switzerland.
Contact:
EdwardDuuk Partners Global
Pamela Laurento
[email protected]
+44 788 962 3207

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Seeking Equity Investor for Hotel and Office Complex in Prague

This Development is located on the riverbank in central Prague. The land is part of Smichov, which is widely recognised as the 2nd centre of Prague. The area contains the Andel Retail complex as well as commercial and entertainment areas. The Andel shopping complex is seen as Prague’s premier shopping mall and is located just a 5 minute walk away from the site. Transport links are very close by with Smichov railway station and Smichov and Andel metro stations within short walking distance.

The area is rapidly growing with office accommodation built by Skanska reaching full occupancy prior to completion and a new Schmicov City planned to start late 2015 bringing employment, accommodation and more retail into the area.

The land has been on purchase option whilst they secured change of use, planning and zoning to develop a large luxury 360 bed conference hotel. Intercontinental Hotels had agreed terms for a 20 year operating lease. Vinci, one of the largest construction companies in the world had committed to purchase the construction work for the hotel taking on all risk to deliver a turnkey solution to a set construction deadline.

Changes in the market have seen the hotel market move away from large hotel real estate instead preferring smaller hotels. Intercontinental are still committed to the site but on a smaller hotel footprint. My clients have embraced this and are now looking to change the planning to a 50/50 split hotel and office or hotel and residential development offering marina facilities to the owners.

My clients have already contributed more than €1m+ and a significant commitment in time to gain planning consents and source contractors to fund the site and developers to purchase the site. and clients for the site. The want to purchase the land outright with an equity partner to realise the planning gain.

Project Details
CBRE have recently valued the hotel project sale at €54m with a profit of €19m. Vinci are still interested in purchasing construction contract which would fund the development for circa 5% pa. The demand for such a large hotel may not be readily available and therefore one of the following options is preferred.

Further Options
Hotel and Office
As a large hotel is already consented it will take less time to gain planning for a smaller hotel of 160-180 bedrooms and a small office block. Intercontinental Hotel Group are still interested in purchasing a smaller hotel on this site. CBRE have estimated the sale price for this would be €45m with a profit of €18m.

Hotel and Residential
This option needs full building consent which would take approx. 12 months to gain the necessary permissions before any sales can be effected. The sales value and profit do reflect this with sales value at €50m and a profit projection of €30m.

Investment Requirements
An equity investor will need to contribute €1m initially to secure their stake which will be held in an Escrow account and detail the investment agreement. At the point of sale the remaining €8m will be required to purchase the land outright.

Exit Options
Once the land is purchased the land can be held in the investment agreement and the developers brought in to build out the development at the pre-agreed finance rates with the contractor. This will maximise the profit potential.

Alternatively the land can be sold to a developer with the planning consents for a €18-19m. This gives the quickest return for an investor.

Much more detail is available to serious investors who have the equity available immediately.
Deal Contact:
Finance for Property Developers Limited
Sue Jonas
[email protected]

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Peer-to-peer platform for real estate in the UK

Investment Summary
P2P platform for real estate. Established world class team. Scaleability and rich functionality. Established and extensive real estate contact database. Huge market opportunity. Strategic Investor required. c.$300k, Angel/VC/PE. Full Investor deck available on request [email protected]

Legal Form

Company was registered 11/14 and is a UK registered Limited Company.
Creative USP’s
• Social networking functionality
• Trading platform
• Scaleable multi-user interface
• FCA compliant processes
• Multi-risk portfolio
• Asset Securitisation
• Self-funding reserve for social housing development
• Global team
• Embedded research

Market Dynamics

• Massfinancial/Nesta forecast CAGR 160+% through 2020
• Central Government support for Altfin
• Platform globalisation
• 10bpt shift from traditional real estate development channels to P2P portals increases total available market by 40%
Target Groups
• High net worth (HNW)
• Institutional Capital
• Real Estate Development Corporations

Summary Financials
FY1 Rev 123k, EBITDA -92K
FY2 Rev 605k, EBITDA 175K
FY3 Rev 1240k, EBITDA 609K
FY4 Rev 1835k, EBITDA 1068K
FY5 Rev 2350k, EBITDA 1497K

Funding
• c.$300k through Angel/VC/PE/Strategic Industry Investor
• Negotiable equity stake
• Funding for full platform development and rollout in 4Q15

Disclaimer

This mail is intended for professional investors. Validation of the investors identity will be required under FCA rules. Any potential investor may be required to complete an NDA (non-disclosure agreement).

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Patented Exhaust Gas Purification System for Fireplaces in Germany

Exhaust Gas Purification Systems are required to be retrofitted for all open fire combustion systems (fireplaces) under German law beginning in 2015. The Company has developed a patented system for use by commercial and residential fireplaces and ovens.
Investment: €600k, Venture Capital
Location: Germany

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Passion Capital Backs Ravelin’s Hybrid Approach To Tackling Online Fraud

Another fintech investment to chalk up in London: Passion Capital has invested an undisclosed level of seed funding in Ravelin, an early stage online fraud prevention startup formed by a team of ex-Hailo employees in January this year. The startup is currently working out of Passion’s co-working space, White Bear Yard.

Ravelin’s founders had been involved in fraud prevention at the taxi app, among other roles, where they came up with the original idea to spin out their own business. The seed funding will be used to get their platform to market later this year.

Passion’s average seed round investment — last we crunched the numbers — was around £187,300. TechCrunch understands that in Ravelin’s case the VC is investing above that average. Albeit the sums involved here are clearly modest at this nascent stage. Ravelin is currently working with a small group of beta customers as it develops the platform for a full launch, pegged for Q4.
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Interview: The CEO of Burgundy wine producer Domaine Chanzy CEO on first ever IPO via equity crowdfunding

Philippe der Megreditchian, the chief executive of Burgundy wine maker Domaine Chanzy, explains the rationale behind the upcoming AIM flotation, which is the first via crowdfunding. He says the funds will be used for marketing and to buy more land (which he points out is expensive in Burgundy), adding that he hopes to turn Domaine Chanzy into a ‘global luxury brand’ that can be a ‘very strong and profitable business’. Domaine Chanzy is looking to raise £1.9mln in the crowdfunding phase, giving it a pre-IPO valuation of just under £8mln.

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Japan’s Recruit Buys European Restaurant Booking Service Quandoo For $219M

TechCrunch
Restaurant reservation service Quandoo, a major European rival to OpenTable, is being acquired by Japan’s Recruit in a deal worth 27.11 billion yen, that’s around $219 million.

Berlin-based Quandoo, which was founded in 2012, took a strategic investment from Recruit — via its RGIP venture capital fund — in October, and now the Japanese company has returned to snap up the remaining 92.91 percent of the company to give it 100 percent ownership. Last year Quandoo closed its Series $25m growth financing round lead by Piton Capital, along with Holtzbrinck Ventures and DN Capital.

Quandoo is an online reservation system that is used by over 6,000 restaurants in 10 countries in Europe, South Africa, Lebanon and Singapore. The company said that it is seeing particular momentum in Germany, Italy, Austria, Switzerland, Turkey and Poland, but it did not provide more specific figures.

The deal is an interesting one because Recruit, as the name suggests, started out in the business of connecting job seekers with potential employers when it began life in 1960. It has since branched out to become a “global matching platform” that offers 10 different kinds of services, including HR, education, travel, housing and (in Japan) dining.

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French Tech launches Russia tour to showcase France’s best startups

East-West Digital News
La French Tech, a government-led initiative that aims to stimulate and promote France’s startup ecosystem, is launching a Russia branch.
The kick-off event on Feb. 17 gathered around 100 tech entrepreneurs, representatives of large or small companies, research institutions, venture funds and incubators, as well as journalists and diplomats from both countries. The event was hosted by the brand-new “Maison des Entrepreneurs Français,” which aims to assert itself as the first French incubator in Russia.
“French innovation is little known in Russia, which is the largest Internet and telecom market in Europe. Russians pay more attention to the US, the UK and Israel,” noted Ozon CEO and French Tech mentor Maëlle Gavet.
However, the past few years saw several examples of successful cooperation. Runa Capital Partner Dmitry Chikhachev provided the example of Capptain, a French mobile analytics startup in which the Russian fund invested $1.5 million in 2012. The company was acquired by Microsoft less than two years later.
Other notable examples include AT Internet, Blablacar, Criteo, Kameleeon,  Target2sell, and Weborama. These French companies launched offices, subsidiaries or joint-ventures in Russia in the past few years.
Quality label and startup tour
French Tech’s Russia branch has set for itself the goal of attracting more such players to Russia. Moreover, the local French tech community will be invited to join forces to gain stronger traction in both image and commercial terms.
“For example, we plan to launch a French Tech quality label, which will benefit to companies that meet strict criteria,” Thierry Cellerin, one of the local French Tech coordinators, explained to East-West Digital News.
Among French Tech’s first initiatives in Russia is the French Tech Russian Tour, scheduled for early June, in a bid to promote French technologies in this key market. The tour will include one-to-one meetings with Russian tech players and investors, coaching sessions with market experts, and participation in two major industry events – Skolkovo’s Startup Village and international e-commerce event eDays.
Ten French startups will be selected to participate in the Russia French Tech tour. Candidates are required to apply no later than March 15. The jury includes representatives of Mail.ru Group, MTS, Ozon, Runa Capital and Yandex.
The Russia French Tech Tour is being organized by Business France, the government-backed export agency formerly known as Ubifrance, in partnership with Skolkovo, the international tech hub under completion on the outskirts of Moscow.
Ozon, a major Russian e-commerce company, Russian Internet giants Yandex and Mail.ru Group, venture investors Direct Group and Runa Capital, Paris-based tech NGO Hello Tomorrow and tech media East-West Digital News and Maddyness also participate in the initiative.
This story first appeared in East-West Digital News, a leading online resource on Russian digital industries.

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Runa Capital invests €3 million in Finnish open source database solution provider MariaDB Corp.

East-West Digital News
Last week Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco, announced a €3 million investment in MariaDB Corporation, a global software vendor specializing in high availability, high performance and highly scalable open source database solutions.
Headquartered in Espoo, Finland, MariaDB (also known as SkySQL) aims to become “the world’s premier open source database platform.”
According to the company, “much progress has already been made as the LAMP (Linux, Apache, MySQL, PHP) stack, which used to dominate in the web development, is now turning into LEMP (where “E” stands for Nginx and “M” for MariaDB) as MySQL is being replaced with MariaDB in key Linux distributions and Nginx web-server is rapidly gaining market share among the top web sites.”
Last year, MariaDB received $20 million from Intel Capital and other European and US investors.
“There was some room reserved for a value-adding strategic investor,” Runa Capital PR Director Liliana Pertenava told East-West Digital news.
“MariaDB will largely benefit from Runa’s connections with Parallels and portfolio companies NGINX and Jelastic, by further expanding the achieving adoption of MariaDB in crucial enterprise architectures,” she explained.
Michael ‘Monty’ Widenius, MariaDB and MySQL creator, has long history with the Runa team and an advisor to Jelastic, Pertenava added.
“Despite all the hype about BigData and NoSQL, classical Relational Database Management Systems (RDBMS) are here to stay. The global RDBMS market, which amounts to some $26 billion, is growing by 10% yearly over the period 2012-2016,” Pertenava noted.

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Mobile Cooking App Kitchen Stories Raises $1.8M

Kitchen Stories_Team_v2 After garnering over 3 million downloads on iOS, mobile cooking app Kitchen Stories has closed a $1.8 million seed round, including backing from Point Nine Capital, and Bertelsmann Digital Media Investments. Read More

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