As you may have read in the news, SpaceX recently raised an $850m financing round at a ~$74 billion valuation or $419.99 per share, led by Sequoia Capital with participation from Valor Equity Partners, Coatue Management, D1 Capital Partners and Fidelity Investments. This latest funding round represents a jump of approximately 60% in the Company’s valuation from its previous round in August 2020, when SpaceX raised $2 billion at a $46 billion valuation. In addition to the primary raise, employees and existing investors were able to sell $750 million in a separate secondary transaction, a sign of strong liquidity for…


Image for post
Image for post

Fossil fuel’s dramatic price drop may be the last death throes of our industrial past and the signifier of the success of the new energy revolution. Over the last 10 years, the generation of solar and wind energy has only gotten cheaper whilst productivity has increased. It is inevitable that the battle for cheap sourcing of energy can only be won by renewables. Fossil fuel’s desperate attempt to squeeze innovation by making it uneconomic is not sustainable, and all the while, they are selling their finite resource at a painfully low price.

Delivery of energy to the end consumer via…


Image for post
Image for post

Currently, 2 billion people worldwide have jobs but no bank account. This means that they are cut off from even the most basic financial services. Companies that employ these people feel this acutely: they have to manage huge amounts of cash, which is costly and inconvenient.

DoPay is committed to transforming the lives of the unbanked and underserved, as well as their employers, by breaking the cash cycle through a payroll and cash management service for companies and by offering a full mobile banking experience for consumers.

“We strongly believe that building communities through financial inclusion gives developing economies the…


Image for post
Image for post

ACE & Company is proud to share the news that Unilever has signed an agreement to acquire Seventh Generation, Inc., a North American pioneer in sustainable product innovations, including plant-based detergents and household cleaners.

ACE is actively building and expanding its footprint within the consumer wellness and health industry, with a focus on companies like Seventh Generation in the growth stage of their business development.

Seventh Generation has seen double-digit compounded annual growth over the last 10 years, and in 2015 alone, the company’s turnover exceeded US$200m. Seventh Generation has a comprehensive product portfolio and a distribution network covering the…


Image for post
Image for post

This is great news for CompareEuropeGroup, who are Europe’s fastest growing financial management platform for insurance, banking, and telco products (such as car insurance, personal loans, credit cards and broadband subscriptions). The proceeds will be used to continue to improve the user experience by making the process of comparing, getting and managing banking, insurance and telco products significantly easier. As part of this, the Group will further develop its proprietary technology including advancing its big data and machine learning capabilities. …


Image for post
Image for post

ACE & Company, a global private equity group, announces today that it has committed $7.5 million to CompareAsiaGroup in a $40-million capital raise round led by Goldman Sachs and Nova Founders Capital.

CompareAsiaGroup is the leading financial platform across Asia. The investment reflects ACE’s strong interest in the growing and proven business model of comparing financial service products, as CompareAsiaGroup offers customers a one-stop online solution to compare banking, insurance and telecommunications services.

ACE firmly believes that CompareAsiaGroup’s future success will be driven by its best-in-class management team and their superior execution. Founded in 2013 by Nova Founders Capital and…


Image for post
Image for post

We are excited to announce that our Geneva team has moved to a new location in the heart of Geneva. We spent the previous two years in a building not far away from our new location — our old office served us well, and we made great memories there, but we couldn’t be more excited about our new space. The new office is the top floor of Rue du Rhone 30, looking out onto Geneva’s old town and Lake Geneva. While we were happy with our space, there were two motivating factors to make a move:

Space

When we first moved…


Image for post
Image for post

Swiss-founded global private equity boutique ACE & Company S.A. (“ACE” or “the Company”), announced today that it has formally received an “Asset Manager of Collective Investment Schemes” license from FINMA, the Swiss Financial Market Supervisory Authority. ACE is the first independent global private equity firm to approach FINMA and be granted an Asset Manager license. In addition, the Company has also recently secured a round of external financing to not only fuel its strategic growth but also to act as a reserve to weather economic uncertainty. This is the first significant capital increase for the Company, founded in 2005, which…


Image for post
Image for post

ACE & Company held the second annual Global Investment Forum on June 2 and June 3, in association with SYZ Bank. This year’s edition was animated around the theme of “Navigating the Challenges of Today, Finding the Opportunities of Tomorrow” and featured a remarkable list of speakers and panelists, such as former French Prime Minister Dominique de Villepin; William Conway, founder of one of the world’s largest private equity firms; Garett Camp, co-founder of UBER; the Swiss Ambassador to Iran Giulio Haas; as well as Jean-Pierre Roth, the former Chairman of the Swiss National Bank.

An hour before kicking off…


Image for post
Image for post

BY RANI SINGH

ACE currently has assets under management of over $500m and offices in Geneva, London, New York, Hong Kong and Cairo. Its founders put their success down to having an established local presence, choosing co-investment partners with deep sector knowledge and, most importantly, sourcing well-run companies led by excellent management.

“We invest in technology, local consumer brands, education and pharma in the Middle East region, as these sectors benefit from the favorable demographics of the region — a young, burgeoning population and an expanding middle class. …

ACE & Company

We are a Global Investment Management Group Specialized in Direct Investments.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store