CPT Capital: Single Family Office of Jeremy Coller – one of the most important Private Equity professionals in Europe

The London-based venture capital investor CPT Capital is part of Jeremy Coller’s UK single family office. But who is the owner of this investment company that tries to disrupt the food industry? Jeremy Coller is well-known as the founder of the first European private equity fund for secondaries in 1990. His net worth is said to be around £300M and he still is one of the most influential financial managers in the UK and beyond. However, the British businessman is also well-known as philanthropist who wants to make a difference. As an example, he established dedicated business schools in the area of venture and management education in London and Tel Aviv. Further, the Jeremy Coller Foundation’s aim is to end factory farming. This is worth knowing in order to understand the backround and the mission of CPT Capital.

Disruption in the food industry: CPT Capital as one of the most important foodtech venture capital firms worldwide

The food industry is facing major changes since a couple of years. Startups try to turn an entire industry upside down and revolutionize the way food is made and thought about. While some foodtech startups focus on the distribution and delivery of meals, other young companies take care of the actual products. In this context, a quite crucial topic is the renunciation of animal products. And this is exactly where CPT Capital comes into play. The venture capital focused single family office aims at “creating the future of food and materials”. The investment company backs startups that want to replace animals by using cutting-edge technology. Such young companies are gaining more and more public attention and it seams as if the next big breakthroughs are just around the corner. CPT Capital is not just one of several players in this industry, but a trusted and prestigious partner for the best food and protein startups from around the world.

How CPT Capital structures the portfolio of its startups:  Plant-based proteins, recombinant proteins, cell culture

The venture capital focused family office of Jeremy Coller chooses a relatively sharp investment approach when it comes to the industry. CPT Capital is looking for startups that revolutionize the food industry by thinking proteins new. While the business model of all startups intend to replace an animal-derived product, the way to get there is quite different. In order to structure the portfolio, CPT Capital built three segments: plant-based proteins, recombinant proteins and cell culture. In the remaining article, we deal with each area in a dedicated way by presenting interesting investments.

Food venture capital in the field of plant-based proteins

For years, genuine meat alternatives were developed only timidly or not at all. However, in the meantime, a real market has developed for plant-based products that ressemble meat, eggs and dairy products in texture and nutrition. This is why more and more venture capital fonds have an eye on such startups. CPT Capital has shares in some of the most promising companies in their field. We present five of those.

#1: Beyond Meat

  • Headquarter: El Segundo, California
  • Self-description: At Beyond Meat, we believe there is a better way to feed the planet. Our mission is to create The Future of Protein® – delicious plant-based burgers, sausage, crumbles, and more– made directly from simple plant-based ingredients.
  • Total funding: $122M (Crunchbase)

#2: Impossible Foods

  • Headquarter: Redwood City, California
  • Self-description: We started with a simple question. “What makes meat taste like meat?” Then we took everything we know and love about meat, and made it even better – using plants.
  • Total funding: $687.5M (Crunchbase)

#3: Redefine Meat

  • Headquarter: Tel Aviv, Israel
  • Self-description: Redefine Meat is applying proprietary 3D printing technology, meat digital modeling, and advanced food formulations to produce animal-free meat with the appearance, texture and flavor of whole muscle meat.
  • Total funding: $6M (Crunchbase)

#4: Yofix

  • Headquarter: Ashdod, Israel
  • Self-description: Yofix Probiotics Ltd. develops and manufactures vegan & soy-free fermented plant-based prebiotic & probiotic foods.
  • Total funding: $2M (Crunchbase)

#5: Alpha Foods

  • Headquarter: Glendale, California
  • Self-description: We firmly believe it should be easy to find the protein you need in the meals you want. That’s why we are always going for gold when it comes to deliciously plant-based meals. Whether you are choosing a meatless life or a meatless Monday, we make food for your lifestyle: easy meals for everyday life that are totally, completely plant-based.
  • Total funding: $7M (Crunchbase)

Food & materials venture capital in the field of recombinant proteins

Startups using fermentation or brewing processes in order to create proteins such as casein, gelatin and whey can be found in the segment “recombinant proteins”. These companies are not exclusively active in the food sector. Rather, some start-ups are also concerned with developing new materials and develop completely new products. In total, seven startups can be found in this segment of the portfolio. Five of them are portrayed in the following.

#1: Motif

  • Headquarter: Boston, Massachusetts
  • Self-description: Born out of Ginkgo Bioworks, the global leader in bio-organism engineering, our vision is to fundamentally change our understanding of food and develop ingredients that don’t compromise between taste and food values. We are propelled by the idea that, using leading-edge science and technology, we can make delicious food simultaneously.
  • Total funding: $117.5M (Crunchbase)

#2: Perfect Day

  • Headquarter: Berkeley, California
  • Self-description: At Perfect Day, we’re making dairy proteins – whey and casein – that are nutritionally identical to proteins from cow’s milk. All it takes is human curiosity about what makes milk… well, milk… along with modern science and the age-old art of fermentation.
  • Total funding: $61.5M (Crunchbase)

#3: Geltor

  • Headquarter: San Leandro, California
  • Self-description: The first-ever animal-free, clinically-proven bioactive collagens designed for skin health.
  • Total funding: $23M (Crunchbase)

#4: Modern Meadow

  • Headquarter: Nutley, New Jersey
  • Self-description: Modern Meadow is a dedicated team of individuals pioneering the creation of biologically advanced materials. We seek to transform the material world by unlocking the power of nature to inspire design for a healthier planet.
  • Total funding: $53.5M (Crunchbase)

#5: Clara Foods

  • Headquarter: South San Francisco, California
  • Self-description: We’re developing technology to create animal protein without the animals. Our protein platform offers all the great taste of the foods you know and love with less cost, better performance and less waste.
  • Total funding: $16.8M (Crunchbase)

Food venture capital in the field of cell culture

According to the website, the portfolio of the cell culture segment of CPT Capital comprises seven companies. All those startups are using a nutrient-rich culture medium in order to grow complete cells. In the following we list five of the startups in this segment that are currently (September 2019) backed by the venture capital single family office CPT Capital.

#1: Memphis Meats

  • Headquarter: Berkeley, California
  • Self-description: At Memphis Meats, our mission is to bring delicious and healthy meat to your table by harvesting it from cells instead of animals. You can enjoy the meat you love today and feel good about how it’s made because we strive to make it better for you…and for the world.
  • Total funding: $20.1M (Crunchbase)

#2: 3F BIO

  • Headquarter: Glasgow, United Kingdom
  • Self-description: 3F BIO is a biotechnology company producing protein sustainably by making more with less. Our purpose is to help tackle the combined issues of feeding a growing global population and the unsustainable impact of traditional protein farming.
  • Total funding: $28.3M (Crunchbase)

#3: BlueNalu

  • Headquarter: San Diego, California
  • Self-description: BlueNalu’s mission is to be the global leader in cellular aquaculture™, providing consumers with great tasting, healthy, safe, and trusted seafood products that support the sustainability and diversity of our oceans.
  • Total funding: $4.5M (Crunchbase)

#4: Aleph Farms

  • Headquarter: Rehovot, Israel
  • Self-description: Leading the slaughter-free meat revolution for a healthier world. We are shaping the future of food by producing cell-grown meat that resembles conventional meat.
  • Total funding: $14.4M (Crunchbase)

#5: Mosa Meat

  • Headquarter: Maastricht, The Netherlands
  • Self-description: The world’s first slaughter-free meat. Our mission is to produce real meat for the world’s growing population that is delicious, healthier, better for the environment, and kind to animals.
  • Total funding: $7.5M (Crunchbase)

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Picture source: Lily Banse

Relevant family office lists

Syngroh is closely related to the fortune made by Klaus Grohe who inherited the sanitary company hansgrohe from his father Hans Grohe in 1977. The producer of sanitary equipment today is in majority-owned by the American Financial Investor Masco corporation and in minority by the family of Klaus Grohe. Syngroh was found already in 1999 to manage the family assets but it took until 2018 to announce the first major acquisition. In the coming years, they will acquire completely KMLS from Hamburg, a service provider in renting out and installing eco-friendly lighting in offices, becoming an energy-saving advisory. Syngroh’s clear investment focus is on companies with a revenue between 10 and 50 million euros, and is not limited by industries. Especially in moments of succession planning or companies which are close to a breakthrough, Syngroh wants to assist with their skills. They gained this expertise by managing and growing the sanitary company hansgrohe from a small company with a turnover of 35 million DM in 1977 to a turnover of today more than 1 billion euros. The volume of Syngroh Family Office is of 100 million euros and is planned to invest and acquire between three and five companies until 2022. The structure of the single family office is threefold with the main company syngroh, an integrated advisory firm called syngroh advisory and syngroh capital the branch who makes the decisions regarding acquisition or sale of companies. The office is led by Richard Grohe a son of Klaus Grohe and Robert Clausen, an investment banker with long experience at BNP Paribas and Credit Suisse and working for the Grohe family for more than 20 years. Furthermore, the whole wider family including Klaus Grohe participates and helps to make investment decisions.

Key facts about the Syngroh Single Family Office

  • Family: Klaus Grohe Family
  • Estimated wealth: 250 million euros
  • Location: Schiltach, Frankfurt – Germany
  • Investment Focus: Active investments in small or medium enterprises
  • Notable Investments or Holdings: KMLS
  • Website: https://syngroh-capital.com/de/willkommen.html
  • Executives: Richard Grohe, Robert Clausen

Picture source: Dan Smedley

Single Family office lists related with this article

The French Wendel family was a major player in the steel production in France for more than 250 years. From 1704 until 1977 Wendel controlled many steel and mining assets in the country and became one of the richest French family. In the seventies the family made an interesting change of strategy. From then on, the focus was on company investments. Since then, the family has invested in well-known companies via Wendel SE, which is listed on the stock exchange. In particular, the family invests in French companies and companies in Germany, Austria and Switzerland. Today, the Wendel family consists of more than 1,000 members and owns 37.7% of the Wendel share capital, while the voting rights exceed the 50% threshold. The Single Family Office, through which this participation is held, is called Wendel-Participations and is based in Paris. The investments are very long-term, which is a typical feature of a single family office. The investments include both traditional industries as well as modern and long-established service companies. While the Wendel family is represented by some family members in the board of directors, Wendel SE itself is not lead by family members but by experienced finance and investment professionals.

Wendel-Participations is part of our French single family office database.
Wendel-Participations is part of our European single family office database.

Key facts about the Wendel-Participations Single Family Office

  • Family: Wendel
  • Estimated wealth: EUR 7000M
  • Location: Paris, France
  • Investment Focus: Private Equity, Capital Markets (through Wendel SE)
  • Notable Investments or Holdings: Saint-Gobain, Bureau Veritas, Saham, IHS
  • Websitehttps://www.wendel-participations.com/login

Picture source: Lola Delabays

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Proventus is the life’s work of Robert Weil, one of Sweden’s most unorthodox investors. In 1969 with only 20 years, he started his first investment company Weilinvest which would later be renamed to Proventus. He and his company were an active driver of the professionalisation, internationalisation and improvement of transparency of the Swedish capital market. As an investment company they acquired in their 50 years of existence various companies. After the acquisition of the companies, they reformed and optimized them, held them and sold them later. Notable examples are the Swedish toy company BRIO, later sold to Ravensburger. In another transaction Weil acquired Götabanken (one of the most important financial actors in the Swedish finance system) and later sold it to SPP, Sweden’s largest insurance company. They also did a restructured PUMA in 1990, replacing the management and restructuring the company to later sell their shares to an American Investor. Robert Weil has outspoken political views against nationalism, antisemitism and supports several Jewish organisations worldwide, also comments on politics in the most important newspaper in Sweden, Dagens Nyheter.

The company structure of Proventus as of today is twofold. One part is comprised of Proventus Capital Partners which is an alternative banking institution, providing loans between 10 million and 100 million to mid-sized companies who are not able to raise equity for expansions and acquisitions. They invest in all sectors without a specific industry focus. Northern countries like Scandinavia, the British Isles and Germany are core countries for Soventus Capital Partners. The capital to make these investments comes from 5 funds which received capital from various pension funds and the mother company Proventus AB. The strategy is to provide a tool tackling deficits in the financial sector, where companies are left without adequate access to classical financial institutions and loans. The four funds combined comprise of capital around 20 billion euros for direct lending.

The second smaller branch is called Proventus Invest and operates in two ways. One branch of Proventus Invest operates as a hedge fund, doing opportunistic investments in mispriced companies in order to sell them in the short-medium term with a bonus. Second, the company focuses on longer-term investments in companies or asset around the Nordic region.

Key facts about the Proventus Single Family Office

  • Family: Robert Weil
  • Estimated wealth: EUR 500 mio.
  • Location: Stockholm, Sweden
  • Investment Focus: Real Estate, Private Equity, Capital Markets/Financial Products
  • Notable Investments or Holdings: Puma, Gotabanken, Kaefer, Meltwater
  • Website: http://www.proventus.se/

Picture source: Jon Flobrant

Single Family office lists related with this article

In 2015 Filip Balcaen sold his company (IVC, a company that produces vinyl floor coverings) to the American group Mohawk. After setting up IVC in 1997 he was the CEO of the company and actively pushed the firm’s growth. This exit makes Balcaen to one of the richest Belgians. His Belgian Single Family Office manages the assets and is active in multiple sectors (Real Estate, PE, Financial Markets, Renewables).

Baltisse is part of our real estate single family office database.
Baltisse is part of our private equity single family office database.

Key facts about the Balcaen Single Family Office Baltisse NV

  • Family: Filip Balcaen
  • Estimated wealth: EUR 1.0bn
  • Location: Sint-Denijs-Westrem, Belgium
  • Investment Focus: Real Estate, Private Equity, Capital Markets, Renewables
  • Notable Investments or Holdings: Galleria Inno (Hasselt), Rosenstiel (Luxembourg), Origis Energy, Stevia One
  • Websitehttps://www.baltisse.com

Picture source: Roya Ann Miller

Single Family office lists related with this article

The Blokker family is one of the most famous families in the Netherlands. Through the family-owned Blokker Holding the family owns several chains of stores such as Blokker, Casa, Maxi Toys, or Xenos. However, the family is also an active investor in Real Estate and Private Equity with their Dutch Single Family Office HB Capital. In Real Estate the Blokkers are focusing on Retail, Distribution, Offices and Housing. Futher, the SFO is looking at companies with values from EUR 50M to EUR 250M in order to invest.

HB Capital is part of our real estate single family office database.
HB Capital is part of our private equity single family office database.

Key facts about the Blokker Single Family Office HB Capital

  • Family: Blokker
  • Estimated wealth: EUR 1.4bn
  • Location: Laren, Netherlands
  • Investment Focus: Real Estate, Private Equity, Capital Markets
  • Notable Investments or Holdings: Bol.com B.V., Intergas Verwarming B.V., IV-Groep
  • Websitehttp://hbcapital.nl

Picture source: Vishwas Katti

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The Scottish businessman Sir Brian Souter is the founder of the Stagecoach group, a major international transport company. With a net worth of approximately £1B he is one of the richest UK citizens. Souter’s investment firm specializes on Real Estate, Funds, Stock and owns a large Private Equity portfolio. The Edinburgh based Family Offices has, amongst other, stakes in Virgin Mobile Latin America, AMA and Argent Energy. Typical equity invesmtents have a ticket size between £2M – £30M.

Key facts about the J Leon Single Family Office

  • Family: Souter
  • Estimated wealth: £1B
  • Location: Edinburgh, United Kingdom
  • Investment Focus: Real Estate, Private Equity, Financial Markets
  • Notable Investments or Holdings: Virgin Mobile Latin America, AMA, Argent Energy
  • Websitehttps://www.souterinvestments.com

Picture source: Adam Wilson

Single Family office lists related with this article

Since the death of her husband in 2000, Carina Müller-Möhl manages the wealth of the family, which is rooted in the business activities of her deceased husband. The family office invests in direct and passive investments, the most known is probably the German eyeglass retailer Fielmann. The Müller-Möhl group also engages in various philanthropic activities, ranging from donations for universities to the Müller-Möhl Foundation which is focused on education, work-life balance and site development.

Key facts about the Müller-Möhl Single Family Office

  • Family: Müller-Möhl
  • Estimated wealth: >200M CHF
  • Location: Zug, Switzerland
  • Investment Focus: Direct Investments, Passive Investments, Financial Markets
  • Notable Investments or Holdings: Fielmann AG, Orascom Development
  • Websitehttp://www.mm-grp.com

Picture source: Ricardo Gomez Angel

Single Family office lists related with this article

Wirtgen Invest is a German Single Family Office, located near the city of Bonn. The SFO originated in the sale of the family-owned construction machinery manufacturer “Wirtgen Group” to John Deere for 4.4B€ in 2017. The Wirtgen brothers Jürgen and Stefan are heading the family investment group with a broad investment focus. Besides real estate and capital markets, the SFO is also investing in Energy and Venture Capital. Energy is one of their strong assets, being a field where they operate 3 solar parks in the Czech Republic, furthermore a wind park in Poland and a further wind park in Sweden. Generating sustainable energy and securing energy stability for future generations. In the real estate sector, they own three absolute prime real estate objects in Cologne. They have a team of more than 20 members, to manage the fortune of the family most effectively and were able to secure the support of the former head of investment at the private bank Warburg, Jörg Rahn as an executive. Regarding the venture department, the focus is on mid-sized companies with clear core competence and market leadership or realistic chances to become a market leader. Digitalisation and effective management of the existing assets is a key focus and very high on the current Agenda of the Family Office. But it is not all about increasing wealth, Wirtgen Invest also has a philanthropical part, supporting the German NGO “Kind in Not” with a centre for therapy for handicapped kids in the rural Indian state of Madhya Pradesh.

Wirtgen Invest is part of our venture capital single family office database.
Wirtgen Invest is part of our real estate single family office database.

Key facts about the Single Family Office Wirtgen Invest

  • Family: Wirtgen
  • Estimated wealth: 1500M€
  • Location: Windhagen, Germany
  • Investment Focus: Real Estate, Energy, Venture Capital, Capital Markets
  • Notable Investments: Bazaar de Cologne, Opern Passagen, Altes Eichamt
  • Website: https://www.wirtgen-invest.de

Picture source: Nico von Nordheim

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