Cambridge Startup PharmEnable Raises £1.8M from UK Family Office

Cambridge Startup PharmEnable Raises £1.8M from UK Family Office

PharmEnable is a drug discovery startup from Cambridge that is focused on finding complex candidate molecules for drug development. Now, the startup raised its seed financing round. The funding round was heavily oversubscribed. One of the ivnestors: Paul Forster, the co-founder of Indeed.com. Other investors include Cambridge Enterprise (who led the round), Jonathan Milner or David Ford. PharmEnables technology predict small molecules that might be suitable for various disease areas. Dr Christine Martin of Cambridge Enterprise commented the investment with: “Cambridge Enterprise is really pleased to be investing in this exciting opportunity. To have closed the round during these last few months, and to have attracted such a strong investor syndicate, is a testament to the potential of the AI-enabled platform that PharmEnable has built. We are pleased to support the company in its transition to in-house drug discovery. We believe it will have significant impact through addressing undruggable therapeutic targets.”

Paul Forster Family Office as angel investor

Paul Forster launched Indeed in 2004. The portal was acquired by Recruit Holdings in 2012. Since then, Forster (and his family office) is an active startups investors. His investments are mainly focused on the tech space. Portfolio companies include Personio, Sano Genetics or Speechmatics.

Source: Cambridgenetwork, 30.06.2020
Picture Source: Jean-Luc Benazet

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Haniel Family Office From Duisburg Invests In €26M Series B of Wandelbots

Haniel Family Office From Duisburg Invests In €26M Series B of Wandelbots

Dresden-based robotics startup Wandelbots closed its €26M Series B financing round. One of the investors is the Haniel family office from Duisburg.

No-Code robotics for the industry

Wandelbots is working on „no code robotics solutions“. Through a so-called „Trace Pen“ and an intuitive app, customers can teach robots for their purposes without any required coding skills. The Wandelbots software platform works with several robotics programming languages and types of robots. Wandelbots enables customers to work with robots in just a few minutes – which decreases programming costs tenfold.

Market Launch supported by Series B – and Duisburg Family Office

Now, Wandelbots is working on the market launch of its „Trace Pen“. The concept convinced several investors: Microsoft’s venture capital firm M12 or the London-based venture capital fund 83 North. One of the German investors (besides Paua Ventures and EQT Ventures) is the Haniel Family Office from Duisburg. Daniel is a family equity company with more than €4BN in revenues and almost 20,000 employees. Wandelbots is one of the few startup investments of Handel; other investments include ELG, CWS or BekaertDeslee. The company is also holding 22.7% of German consumer electronics retail firm CECONOMY.

Picture Source: Franck V.
Source: Juve, 29.06.2020

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UK Fintech Smarterly Receives £7M Investment, Led by Major Oak Family Office

UK Fintech Smarterly Receives £7M Investment, Led by Major Oak Family Office

The UK startup Smarterly received a £7M Series A funding round. The round was led by the Major Oak Family Office.

Lifetime ISAs through payroll deduction

London-based Smarterly launched in 2017 in order to offer workplace saving plans through payroll deductions. Through Smarterly’s intuitive platform, employees can invest in lifetime ISA. Many major UK companies introduced Smarterly as employee benefit. Recently, Smartly also acquired the pension account firm Salvus. Smarterly now has 80,000 customers and more than £230M assets under management.

Major Oak family office as lead investor

The main part of the round (£5M) was contributed by the Major Oak family office, which has made with Smarterly its first larger investment.

Sources
Business Cloud, 21.05.2020
NeONBRAND (picture), 21.05.2020

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Chinese “Mighty Divine” Family Office Acquires £94M Property In London

Chinese "Mighty Divine" Family Office Acquires £94M Property In London

An office block in London’s 10 Fenchurch Street changes its owner: UK firm Retain Propser Ltd. acquires the building from a Hong Kong consortium for £94.2M. Retain Prosper is an affiliate of an influential but low profile family office from China. So far the building was owned jointly by Chuang’s Consortium and Chuang’s China Investments, a Hong-Kong based real estate investment firm. They, in turn, acquired the building in 2016 for £80M from Standard Life.  The asset is sold due to a switch to a “cash is king” strategy amid the uncertainties due to the Corona virus.

Investment in prime commercial building in London

The acquired 11-storey commercial property is a whole block, located between 6-12 Fenchurch Street and 1 Philpot Lane. It’s near Monument Underground station and located in London’s financial district. Tenants include insurer HDI Global and Dutch credit insurer Atratdius. Rental income is around £4.2M per year.

Chinese family office interested in UK real estate

Retain Prosper Ltd., an entity founded in 2019, is an afilliate of the Mighty Divine family office, which represents a few high net worth chinese families. The deal marks the first solo deal of the family office. Alledgedly, the family office already invested in other deals as a silent partner before. Furthermore, Mighty Divine is also active on the HK securities and futures market. In a forward deal, Mighty Divine also aquired a commercial tower in Hong Kong for $320M in 2018.

Picture source: Ed Robertson
Article source: Mingtiandi, 06.05.2020

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Tchenguiz Single Family Office Invests In Israeli Medtech BioProtect Series D

Tchenguiz Single Family Office Invests In Israeli Medtech BioProtect Series D

BioProtect is an Israel-based medtech startup that is working on a spacer balloon that helps radiotherapy and oncological procedures. Now, the startup raised a $13M Series D. One of the investors is the single family office of Vincent Tchenguiz.

Innovative technology against rectal toxicity

BioProtect initially developed a technology to produce biodegradable balloons – which can be used in various clinical applications. One main use case of BioProtect’s spacer balloon is the protection of healthy tissue for patients who receive prostate radiotherapy. BioProtect’s balloons are made of bioresorbable polymer. Through the biodegradable design, the balloon disappears within six months. Thereby, there is no need for additional surgical procedures. BioProtect is led by CEO Gil Rosen and Co-Founder and CTO Shaul Shohat. Shohat already had two successful exits in the medtech space.

$13M Series D Equity Financing from various investors

In total, BioProtect raised $13M with its recent Series D. Investors include the Korean firm KB Investments, VC Accelmed Ventures II and the single family office of Vincent Tchenguiz. Tchenguiz is an Iranian-British entrepreneur who has an estimated net worth of 850M GBP. The Tchenguiz family mainly earnt their wealth through the establishment of the Rotch Property Group. The family office is an active investor in European (and especially Israeli) tech firms. He was the largest shareholder of Cambridge Analytica and one of the investors in defense technology startup eViglio.

Sources
MedicalDevice Network, 16.1.2019
LinkedIn (Picture), 16.1.2019

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These three UK Single Family Offices invest in Private Equity

Private Equity Single Family Offices UK

Many single family offices are among the most important private equity investors in the UK. However, it is difficult to identify relevant family offices. Many of them operate secretly and attach importance to discretion. This is where the service of familyofficehub.io comes in. Our research team has great experience in tracking family offices and making them accessible in clear databases. These databases can be easily downloaded from our online shop. To give you an idea of what we do, here are three investment companies from wealthy families in the UK. They invest in private equity and are particularly active in their home country.

Featured: our exclusive lists of the largest UK and private equity single family offices

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#1: Tavistock Group – Single Family Office of Joe Lewis, actively investing in growing companies from various industries

Hardly any other family office has an investment focus as broad as that of the Tavistock Group. The company appears as a real estate and hotel investor, is active in the sports business (Tottenham Hotspur), invests as a venture capital investor in up-and-coming entrepreneurs and makes private equity investments. Behind the Tavistock Group is billionaire Joe Lewis, one of the richest people in the country. The company’s shareholdings include Mitchells & Butlers, renewable energy producer Patagonia Energía and numerous other companies from all over the world.

#2: LSG Holdings, London – Long-term thinking Single Family Office by experienced businessman and investor Elio Leoni Sceti

LSG Holdings is a typical single family office active in real estate, private equity and venture capital. The long-term investment horizon makes the investment company a popular investor among entrepreneurs who wish to implement their strategy in the long run. In many cases, the management holds shares in the company, which in LSG Holding’s view promotes sustainable corporate development. LSG Holding’s broad positioning is illustrated by the fact that we also present the company in our contribution on three UK family offices from the venture capital sector.

#3: TY Danjuma Family Office, Surrey – Single Family Office focused on private equity and real estate investments in the UK and beyond

TY Danjuma Family Office is the single family office of the Nigerian businessman Theophilus Yakubu Danjuma. The investment company pursues the goal of asset preservation and accumulation by investing in various asset classes. This includes in particular the private equity sector as well as the real estate market. Under the name TY Ventures (UK) Ltd, investments are made in promising companies from various sectors. One of the portfolio companies is CNIguard, a provider of remote monitoring systems for critical infrastructure. Another investment is made in the film production company Starchild Pictures.

Picture source: Gordon Williams

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These three UK Single Family Offices invest in Real Estate

Real Estate Single Family Offices UK

We use this article to introduce you to three UK single family offices that are actively buying real estate. The investment companies of wealthy companies are becoming increasingly important players in the real estate scene. However, many real estate professionals find it difficult to identify and address the most relevant family offices. This is where the comprehensive database of familyofficehub.io comes in. Our experienced research team is constantly on the lookout for important family offices in Europe. Our lists contain valuable information about the investment focus and general contact details so that you can start addressing them directly. Particularly in the real estate environment, we successfully help brokers, asset managers, co-investors and other players to gain valuable partners.

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#1: Grosvenor, Chester – Real Estate development, management & investment in more than 60 cities around the world

With £11.8 billion, Grosvenor is probably one of the most important real estate companies in the UK. The real estate arm of the Single Family Office develops real estate projects, invests in world-class buildings around the world and manages assets. The company is active in Hong Kong, London, Madrid, Paris, San Francisco, Tokyo and Washington D.C., for example. The preferred asset classes are retail, residential and office, with buildings with appreciation potential often being acquired. The website of the Family Office provides a good overview of past investments, so that potential partners can get an optimal overview of the way they work.

#2: Souter Investments, Edinburgh – Real Estate development by one of the most important family offices in the UK

Souter Investments is a very important private equity investor in the UK. However, the investments are not only focused on typical company acquisitions. Rather, the investment company is also active in the real estate sector. As a co-investor, Souter Investments has invested in East Lothian Developments Ltd (ELDL). ELDL is one of the largest neighbourhood development projects in Scotland. The real estate project includes numerous new residential buildings and is well connected to Edinburgh. A participation in the project developer AMA from Edinburgh is also worth mentioning. At the end of 2018, the exit of the diversified real estate company took place.

#3: J Leon Group, London – Real Estate investments focused on UK commercial property and central London residential Real Estate

The J Leon Group is a long-established family office that has been managing and increasing assets for many decades. As a relevant fund of funds investor, the Group diversifies its portfolio and ensures stability in family assets. However, the company does not only invest in corporate values. Rather, it actively invests in UK commercial property and is one of the largest investors in this segment in the UK. In this regard, highstreet shops in prime locations play an exceptionally important role. Also, agricultural and woodland assets are part of the J Leon Group.

Picture source: Fred Moon

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These three UK Single Family Offices invest in Venture Capital

UK Single Family Offices Venture Capital

In recent years, the European venture capital scene has caught up in an international comparison. This is partly due to successful start-ups and investors from the UK. In addition to traditional VC funds, domestic single family offices play an important role. They manage the assets of very wealthy families and business people and increasingly also invest in start-ups. In this article, we present three British single family offices that are active in venture capital and are among the most important players in this field. They are part of our comprehensive database of the most relevant family offices in Europe, which has helped many clients find new partners.

Featured: our exclusive lists of the largest UK and venture capital single family offices

  • Unique list of 59 UK single family offices
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  • Free updates within one year after your purchase

#1: Tavistock Group – Powerful Single Family Office of Joe Lewis with a broad investment focus

British entrepreneur Joe Lewis is one of the richest people in the UK. Not only does he own one of the largest motor yachts in the world, he also owns some of the most valuable paintings in auction history. His assets are mainly managed by the Tavistock Group, which has gained fame as a major shareholder in the Tottenham Hotspur football club. The Single Family Office has a very broad investment focus and invests in both listed and private companies. Through Boxer Capital, for example, investments are made in promising biotech companies. In addition, the Tavistock Group invests in start-ups from various sectors. Examples include Surge Global, Ultimate Finance and Atlas Labs.

#2: LSG Holdings, London – Renowned Single Family Office with focus on B2C-startups

LSG Holdings invests in real estate as well as private equity and venture capital. The Single Family Office from London is particularly interested in startups from the B2C sector. Successful exits include zynga, Beamly and Mashable. The startup portfolio includes companies such as Cru Kafe, Petme, yeay and Equinox Kambucha. LSG Holding attaches great importance to a genuine partnership and actively supports the sponsored start-ups in their growth.

#3: Waymade Capital, Basildon – Single Family Office of Vijay and Bhikhu Patel, founded in 2013

The Single Family Office of Vijay and Bhikhu Patel is based on the three pillars Pharma, Property, Private Equity and Philantropy. As a private equity investor, Waymade Capital pursues a very broad investment approach and supports companies from various sectors. The long-term investment horizon is what makes the Family Office interesting for young companies. In this way, a sustainable growth strategy can be chosen that would not be possible with many other investment companies. Due to the business background of the family, there is special interest and know-how in medical and pharmaceutical companies.

Picture source: David Dibert

Always stay up-to-date in the single family office landscape

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Jeremy Coller Single Family Office Invests In 3D Protein Printer Firm

Jeremy Coller Single Family Office Invests In 3D Protein Printer Firm

Israeli startup Redefine Meats works on 3D printers for artificial, plant-based meat. A recent $6M funding round was led by CPT Capital, the venture capital arm of Jeremy Collers single family office.

Startup in a $130 billion industry

According to Redefine Meat’s website, the meat alternative market is expected to reach $140 billion in annual sales by 2030. The Israeli startup wants to “introduce a technological platform to develop, launch and scale the next generation of Alt-Meat”. Products of the company are aimed to produce vegetarian meat which resembles traditional meat. Redefine Meat was founded in 2019 by Eshchar Ben-Shitrit. About the achievements of the company so-far, Ben-Shitrit says: “We have already successfully printed great products for multiple foodie events, and over the coming 12 months, we will take the technology to the next level where we expect to make a huge impact on the meat market and the future of our planet.”

$6M investment round to finalize the development

The recent round is intended to support the final development of the revolutionary 3D protein printer. The round was led by CPT Capital. Other investors are Israeli Hanaco Ventures, angel investors and the German poultry firm PHW-Group. As previously stated, CPT Capital is the venture capital of Jeremy Coller. Coller – a UK citizen – founded the first European private equity fund for secondaries in 1990. His family office CPT Capital is one of the leading VC investors in revolutionary foodtech. Other investments include BeyondMeat, alphaFoods or SeaCo. CPT Capital’s portfolio is divided in Plant – Based Protein startups, Recombinant Protein startups and cell culture startups. Like Beyond Meat, redefine meat counts as “Plant-Based Protein” startup.

Sources
Just Food, 16.09.2019
CPT Capital, 16.09.2019
Emerson Vieira, 16.09.2019

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Statistics: Amount of Single Family Offices in London

Ranking Single Family Offices UK

London is by far the most important city when it comes to Single Family Offices in the UK

In the last decades, hundrets of family offices were set up all across Europe, in order to help high net worth individuals (HNWI) increasing their assets. This is true for the United Kingdom (UK) as well. We observe that not only British families set up their investment vehicle in the UK, but also wealthy families from abroad. Especially Russian and Arab families trust in the investment professionals from the UK when it comes to their wealth. Our database shows that London is the most important city for Single Family Offices. The presence of experienced wealth managers, investment banks, consultants and finance executives makes London extremely appealing for HNWI from all over the world.

The capital of the United Kingdom is home of 38 Single Family Offices

Our database of UK-based Single Family Offices contains 38 companies that are based in London. As an example, the capital of the United Kingdom is home of the J Leon Group, which we portrait in this article. It is striking that especially many billionaires have established their family office in London. Most of them act very discreetly and attach great importance to discretion. Other families are increasingly opening up and showing a strong presence in The City.

Investment focus of London-based Single Family Offices: Private Equity (PE) is the leading investment type

Our exclusive database of Single Family Offices in the UK makes it possible to get an overview about the investment strategy of the companies. 27 out of the 38 London-based Single Family Offices focus on Private Equity investments in order to increase their wealth. Hence, PE is the most important investment type for SFOs in London, followed by Real Estate (20), Capital Markets (17) and Venture Capital (12). The City offers unique possibilites for HNWIs to build long-lasting partnerships with investment bankers, M&A consultants and Private Equity funds. Being based in one of the most important financial hubs in the world, Single Family Offices have to chance to participate in PE-deals, they get to know about through their network. Many London-based SFOs hire experienced partners, directors and senior managers from Private Equity funds and build up their own investment vehicles.

Picture source: Jurica Koletic