By Rachel Fixsen2021-01-15T13:12:00+00:00
Pædagogernes Pension is becoming the cornerstone investor in the new southeast Asia-orientated fund SEAF Women’s Economic Empowerment Fund (SWEEF) investing DKK100m (€13.5m) with the global impact private equity manager.
The DKK79bn (€10.6bn) pension fund for early-childhood teachers said the fund focussed on improving women’s rights and working conditions through investments in Vietnam, the Philippines and Indonesia, in high-growth sectors with a large proportion of female labour.
Sune Schackenfeldt, chief executive officer of PBU, said: “With investments that have a special focus on women’s conditions, we are strengthening their employment, earnings and opportunities for social and economic advancement.”
The Kolkata-based microfinance institution is, however, keeping other options including a rights issue and private equity investment open. With the economy gaining signs of normalcy, the company sees good demand for credit coming up.
Vendis Capital sells its majority stake to
Maj Invest Equity. The label had been in Belgian hands for five years.
Scalable and intelligent
Vendis Capital sells the Scandinavian design label Ferm Living to Maj Invest Equity. In 2016, the Belgian investment group had acquired a majority stake in the company, founded in Denmark in 2006 as a small wallpaper manufacturer. Today, Ferm Living products are sold in more than 60 countries, including
De Bijenkorf and
FonQ in the Benelux. The partnership with Maj Invest Equity will help us to continue this journey, allowing us to do what we do best: inspire our consumers and create collections of furniture, accessories and lighting for every room in the home on a wider international scale, says founder Trine Andersen about the agreement. Even after the acquisition by Maj, Andersen will remain creative director and partner at the company.