Nuno Carvalho is the new head of Bekaert Corporate Venturing since the beginning of the month
Author: globalcorporateventuring
Enerkem stops flotation plans
Last month, Enerkem amended its regulatory filing and said it would sell 7.25 million shares at between $17 and $19 each.
Mitsui sets up in Mumbai
Separately, Mitsui’s portfolio company BrightStar, a US-based provider of distribution and related services to the wireless device industry, has withdrawn its plans for a $300m flotation.
Envivio completes flotation
The company priced 7.76 million shares at $9 each, which was below the $10 $12 per share offering range, for an initial market capitalisation of about $240m.
More pulled flotations have wider impact
Enerkem’s slow-to-no IPO might frustrate venture capitalists but with such a business case for shifting a business model, using corporate venturing as a tool to help speed up or make the shift would appear to be a no-brainer for Waste Management at least.
The Big Deal: Multi-track research and development (R&D)
The multi-track element signifies Astellas is developing its innovation toolkit – including R&D, venture-backed entrepreneurs and licensing – so various units can work relatively independently on similar medical problems and leave it up luck and judgement as to which one might work and then be distributed if successful enough.
Lardieg enters Octopus’ garden
After nearly two years at Vodafone Ventures, Lardieg had been investor and board observer at a number of companies, including LocalResponse and VoucherCloud.
Narayan to leave Kodak
Narayan was previously at venture capital firms Inflection Equity and Crescendo Ventures and is understood to be planning a new venture for after the summer.
Kelly sails to Iona from Blackstone
Kelly said by email he would start at Iona next month and the company’s website said it would begin business from June.
BDMI backs Dealvertise
Bertelsmann Digital Media Investments (BDMI) provided the money to Dealvertise, which was founded in June by Berlin-based incubator Found Fair Ventures.