£825M
NatWest and Lloyds have backed a financing package designed to accelerate the delivery of a 1GW solar pipeline.
"landmark transaction"
IS
Intesa Sanpaolo
CorporatePortfolio
3
companies
Investment by month
By category
- Uncategorised£825M
- eCommerce£770M
- FinTech£129M
By location
- United Kingdom£825M
- Manchester£770M
- London£129M
Portfolio companies
E
Enviromena
Enviromena develops and operates solar energy and battery storage infrastructure across Europe.
TH
The Hut Group
The Hut Group operates international online beauty and wellbeing retail brands powered by proprietary e-commerce technology.
Thought Machine
Thought Machine develops cloud native core banking technology for financial institutions.
Recent investments
£129M
Thought Machine secures £128.9m Series D funding led by Temasek to scale operations internationally.
Temasek led the Series D round, which values the cloud banking technology firm at $2.7bn.
"We are investing c.£40m into Thought Machine, a fintech innovator and partner we consider strategic to the industrial upgrade of Intesa Sanpaolo. Their cloud-based technology is fundamental to our transformation from incumbent to digital challenger, improving our core banking technology and providing the foundation for our new digital bank, Isybank."
£770M
The revolving credit facility will support major investments in beauty, technology and infrastructure.
"We are delighted to join The Hut Group’s core banking facility at this exciting time in the company’s development. This transaction is in line with the banks strategy of facilitating UK corporates with their trade flows to China and underlines our confidence in the THG management team."
