Synamedia, the largest independent video software provider, today announced that Sky, Europe's leading media and entertainment company, has taken a stake in the business, joining majority shareholder the Permira funds.
Sky's shareholding reinforces Synamedia's position as a strategic long-term technology partner to a growing roster of market-leading pay-TV operators and media companies worldwide.
Both Sky and its parent company Comcast are long-time Synamedia customers as well as strategic development partners.
Andrew Griffith, Sky's Group Chief Operating Officer, said: "We've long collaborated with the team at Synamedia to help bring great content, products and entertainment to millions of customers across Europe and this investment will help deepen our innovative partnership."
Yves Padrines CEO of Synamedia, added: "At a time of accelerated evolution in the pay-TV industry, this investment is a fantastic endorsement of our product vision, R&D roadmap and service portfolio from Sky, Europe's leading media and entertainment company."
As an independent firm backed by both the Permira funds and Sky, Synamedia's mission is to help customers maximise the return on their existing infrastructure while laying the foundations for a blended broadcast/OTT multi-screen model that will deliver improved consumer choice and convenience while protecting income and opening up new revenue streams.
Synamedia has over 200 pay-TV and media customers including: AT&T, Astro, beIN, Bharti Airtel, Charter, China DTH, Comcast, Cox, Disney, Foxtel, Get, Liberty Global, Oi, OSN, Rogers, Sky, Shaw, Tata Sky, Verizon, Viasat and Vodafone.
The company boasts a workforce of thousands located primarily in the US, UK, Israel, India, Belgium, China and Canada.
As an independent business, Synamedia is committed to providing the world's most complete, secure and advanced end-to-end open video delivery solution. Building on more than 30 years of expertise, the firm is the largest global provider of video solutions, trusted by over 200 top satellite DTH, cable, telco and OTT operators, content owners and broadcasters. Synamedia, formerly Cisco's SPVSS business, is backed by the Permira funds and Sky.
With 23 million customers across seven countries, Sky is Europe's leading media and entertainment company and is proud to be part of the Comcast group. Sky has 31,000 employees.
Looking to expand its position in the global auto industry, Röchling Automotive USA has hired Michael Brosseau as president, effective January 8. Brosseau brings 30 years of automotive experience, including three as president of a Tier 1 supplier, to the aerodynamics, propulsion and new mobility integrated system solutions provider.
"We are delighted to have Mike, with his extensive automotive industry experience, join our team to grow and lead our business within the North American market," said Erwin Doll, CEO, Röchling Automotive Group. "Röchling has an impressive history of developing solutions to address industry challenges including reducing emissions, weight and fuel consumption. With our industry constantly evolving, we're excited to have Mike help us expand our position in the market and add to our breadth of experience and knowledge."
Brosseau brings his comprehensive expertise and leadership skills to Röchling. He will have responsibility over the company's U.S., Canada and Mexico operations.
"I'm excited to kick off the new year by joining Röchling Automotive," stated Brosseau. "It's a dynamic company in many ways, and I look forward to getting to know the team and working together to achieve, and hopefully exceed, our goals."
Brosseau will report directly to Doll and work out of the company's Technical Center in Troy,MI. He earned a bachelor's degree in mechanical engineering from Kettering University and a Master of Business Administration from the University of Detroit Mercy.
For more on Röchling Automotive, visit www.roechling.com.
With sales of € 1.8 billion and over 10,000 employees at 90 locations in 25 countries, the global Röchling Group stands for competence in plastics. We leverage the unique innovation potential of this material – from semi-finished products right through to complex systems.
The Industrial division supplies almost every sector of industry with optimal, application-oriented materials. To achieve this, Röchling has probably the world's biggest product portfolio of thermoplastics and composite materials. The company manufactures a range of semi-finished parts such as sheets, rods, tubes, flat bars, finished castings and profiles as well as machined and assembled precision components.
The Automotive Division designs and engineers components and system solutions in the fields of aerodynamics, powertrain and new mobility. As part of our customer-oriented and global development approach, we focus on the current challenges facing the automotive industry: reduction of the environmental impact and improvement of the customer experience.
The Medical division offers customers a wide range of standard and tailored plastic products in the fields of pharmaceuticals, diagnostics, surgery and life sciences as well as cardiology, fluid management and ophthalmology. These high-quality products are used in innovative drug delivery systems, primary packaging systems, surgical instruments and disposable diagnostic items.
CQS has announced Xavier Rolet, previously CEO of the London Stock Exchange, will join as Chief Executive Officer. Sir Michael Hintze, CQS' founder, will continue as CQS' Senior Investment Officer and will become Group Executive Chairman. Mr Rolet will begin as CEO on January 14, 2019.
As CEO, Mr Rolet will lead the Firm's next stage of growth, enabling Sir Michael to focus on investment management as SIO. Mr Rolet's appointment will harness his management experience and leadership skills with Sir Michael's investment acumen. Their complementary skillsets will enable CQS to more effectively meet client needs and grow.
Sir Michael Hintze, Founder and Senior Investment Officer, commented:
"I am excited that Xavier is joining us and very pleased that we have been able to attract a CEO of such calibre who will help establish CQS for the long-term. He has the experience and has demonstrated he knows how to build financial services businesses. As CEO he will be responsible for managing and growing our firm. As Executive Chairman, I will continue to help shape CQS' vision and direction. This will allow me to dedicate my time to investment management, leading our investment teams and client engagement. I have a passion for markets. I enjoy problem solving and puzzles, and markets are one big puzzle.
It is imperative that we meet client needs, perform, build business resilience and provide opportunities for our people. Over the last several years we have invested in our investment management capabilities, strengthening our hedge fund, bespoke alpha and long only offerings. We have been institutionalising our business and we have professionalised by putting in place appropriate governance and hiring additional talent. Importantly, Xavier and I have known one each other for 35 years, having worked together early in our careers in finance. There is mutual trust and respect. Xavier is a man of great integrity and one of the best CEOs I know. He is the ideal candidate."
Xavier Rolet, CQS' Chief Executive Officer, commented:
"CQS has a strong platform from which to grow. It has a great brand, investment management platform and talented people. I am very much looking forward to working with our teams to grow the Firm in a rapidly changing environment for investment management. I have known Michael for a long time and admire his intellectual curiosity and power, his passion for investment, and above all his integrity.
I am looking forward to working with him and CQS's world-class Board, senior leadership and staff to further develop the business."
Xavier's appointment as Chief Executive Officer of CQS is subject to the relevant regulatory approvals.
CQS is a credit-focused multi-strategy asset manager founded by Sir Michael Hintze in 1999. As at 1 December 2018, CQS had funds under manager of USD18.1bn¹. The Firm's deep experience allows it to offer solutions for investors across a range of return objectives and risk appetites. CQS is an active asset manager with expertise across corporate capital structures including corporate credit, structured credit, asset backed securities, convertibles, loans and equities. It is committed to delivering performance and high levels of service to our investors.
CQS has offices in London, New York, Hong Kong and Sydney. Our investors include pension funds, insurance companies, sovereign wealth funds, funds of funds, endowments and foundations, and private banks.
Sir Michael Hintze GCSG AM
Prior to establishing CQS in 1999, Sir Michael held a number of senior roles at CSFB and Goldman Sachs. He began his career in finance in 1982 with Salomon Brothers, New York, after working as an Electrical Design Engineer in Australia, where he had also served as a Captain in the Australian army.
Michael is a fluent Russian speaker. He holds a BSc in Physics and Pure Mathematics and a BEng in Electrical Engineering both from the University of Sydney. He also holds an MSc in Acoustics from the University of New South Wales, an MBA from Harvard Business School and received a DBA (honoris) from the University of New South Wales.
Xavier R Rolet KBE
Xavier was Chief Executive Office of the London Stock Exchange from May 2009 until November 2017, having been appointed to the Company's Board in March 2009. He was Chief Executive Officer of Lehman Brothers in France from July 2007 to 7 January 2009. He became a member of Lehman Brothers' European Operating Committee in 2003, having joined the firm in February 2000 in New York as co-head of Global Equity Trading. Xavier started his career on the International Arbitrage desk at Goldman Sachs & Co. in New York in January 1984. In 1990, he moved to London as co-head of European Equity Sales and Trading. He joined Credit Suisse First Boston in 1994 as global head of European Equities before moving to Dresdner Kleinwort Benson as global head of Risk and Trading, and deputy head of Global Equities in 1997.
After graduating from the KEDGE Business School with an MSc in management science and finance in 1981, Xavier served as a second lieutenant and instructor at the French Air Force Academy, earned an MBA from Columbia Business School in 1984 and a post-graduate degree from Paris-based IHEDN (Institute of Advanced Studies in National Defence) in 2008.
SOPHiA GENETICS, a leading health tech company, announced today the closing of a $77 million investment round to accelerate the democratization of Data-Driven Medicine. The round was led by Generation Investment Management, a pioneer of sustainable investing, with offices in London and San Francisco. Generation were joined by Idinvest Partners, a European leader in private equity, alongside existing investors including Balderton Capital and Alychlo.
SOPHiA GENETICS was founded in Switzerland and is now co-based in Lausanne and Boston. The company combines deep expertise in life sciences and medical disciplines with mathematical capabilities in data computing. Today, its universal platform, SOPHiA AI, is utilized by more than 850 hospitals across 77 countries and has already supported the diagnosis of over 300,000 patients. The platform enables healthcare professionals to make sense of complex genomic and radiomic data through advanced analysis in order to better diagnose and treat patients, both for oncology and hereditary disorders.
With the new funding round, SOPHiA GENETICS has now raised a total of $140 million. This latest investment will allow the company to further grow the global community of hospitals using its technology. In particular, SOPHiA GENETICS will continue adding talent to reinforce its rapidly expanding presence in the US.
"Generation are delighted to partner with SOPHiA GENETICS. We believe that leveraging genetic sequencing and advanced digital analysis will enable a more sustainable healthcare system. SOPHiA GENETICS is a leader in the preventive and personalized medicine revolution, enabling the development of targeted therapeutics, thereby vastly improving health outcomes," said Lilly Wollman, co-head of Generation's Growth Equity team. "We admire SOPHiA GENETICS not just for its differentiated analytics capability across genomic and radiomic data, but also for its exceptional team and culture."
"Since we founded the company, our goal has been to help make the global healthcare system more sustainable. By helping clinical researchers leverage their expertise and work together as a community, patients all over the world can receive equal access to better care. Generation Investment Management and SOPHiA GENETICS are guided by the same belief. With Generation's support, we will enable the more rapid adoption of Data-Driven Medicine technology in healthcare for the benefit of patients worldwide," commented Dr. Jurgi Camblong, CEO and Founder of SOPHiA GENETICS.
About SOPHiA GENETICS
Leader in Data-Driven Medicine, SOPHiA GENETICS is a health tech company which has developed SOPHiA AI, the advanced technology helping healthcare professionals make sense of the large amount of clinical data. SOPHiA GENETICS is democratizing Data-Driven Medicine by enabling the rapid adoption of genomic and radiomic analysis worldwide, turning data into actionable clinical insights, and sharing knowledge through its community. The company's achievements and innovative approach are recognized by MIT Technology Review's "50 Smartest Companies 2017" and Fast Company's "Most Innovative Companies 2018." More info: SOPHiAGENETICS.COM, follow @SOPHiAGENETICS.
Generation Investment Management LLP is dedicated to long-term investing, integrated sustainability research and client alignment. It is an independent, private, owner-managed partnership established in 2004, with offices in London and San Francisco. Generation Investment Management LLP is authorized and regulated in the United Kingdom by the Financial Conduct Authority. www.generationim.com
Rubik's Brand Ltd (RBL), the London-based company that owns the rights to the world-famous Rubik's Cube, has sold a minority stake to Bancroft Investment, a European Private Equity firm. RBL was established by the founding families of the original Rubik's business in 2013 to focus exclusively on the Rubik's Brand.
The company has seen multiple growth in revenue and net earnings in the past five years. It launched a global merchandise program and fostered partnerships with corporate giants like Google and Red Bull. Most recently Rubik's announced a worldwide cooperation with McDonald's Happy Meal Campaign.
The investment by Bancroft is to fuel an ambitious growth strategy utilising Rubik's unparalleled global brand-recognition to focus on growth through new channels, products and markets. RBL and Bancroft have recruited a new CEO, Christoph Bettin, to help realise the great potential of the Rubik's Brand.
Inventor Professor Erno Rubik welcomes the Bancroft partnership and the new appointment. He said, "The Cube's impact on the world and humanity is even more interesting to me than the puzzle itself. I am confident that the support of Bancroft and Christoph Bettin's energetic leadership will expand the brand firmly into new areas including education, entertainment, or mind-sports."
David Kremer, the largest owner of RBL stated, "I am delighted with the recent and ongoing growth of this unique brand both within the toy industry and now increasingly into new business sectors. I fully expect the Bancroft support to accelerate that process."
Monika Lukacs, the partner leading the deal for Bancroft said, "This investment provides a unique opportunity to create value due to the strength of the Rubik's brand, its multiple positive connotations and the several growth potentials that the company has successfully developed in the last five years."
Christoph Bettin founded the leading toy distributor Marbel Ltd which was sold to Hape Holdings AG in 2017 after 15 years. He started his educational journey at Oxford University in the world of Geology and Earth Science and then spent the majority of his career in finance at EY in London and then GE Capital in Munich, Hong Kong and the USA where he took on a two-year internal MBA and became European CFO of their largest business segment.
What started out in 1974 as a puzzle created by Professor Erno Rubik to teach his architectural students has evolved into the world's most successful toy, perceived globally as an art form and the ultimate symbol of intelligence and problem solving. In 1979, the 'Magic Cube' was demonstrated in Nuremberg and spotted by the toy specialist Tom Kremer whose vision was to commercialise the Cube and sell it to the world. Retail sales reached $250 Million in 2018. Within the USA, You can Do the Rubik's Cube program places cubes into the hands of 800K students, helping them learn critical STEM/STEAM concepts. Now, 45 years after its invention, the Rubik's Cube has become a global consumer brand, merchandising and licensing company that is now heading to expand into vast new areas. The Rubik's Cube has become one of the most instantly recognised symbols of fun, aptitude and creative endeavour due to its iconic, colourful multidimensional design that continues to appeal to people of all ages and cultures.