Aiab energy AB
Aiab energy AB was founded in 1970 and is a supplier of system solutions for power supply, primarily within the fields of standby or backup power and mobile power generation systems. Aiab’s key offerings include automated backup power systems, single and/or parallel operated systems for stationary applications or as mobile modular systems, all within the 10-2500 kVA range.
Aiab is a leader in its field in Sweden and has approximately a 40% share of the relevant Swedish market. Its key customers include the Swedish Emergency Service Agency (MSB), the Stockholm Public Transport Agency (SL) and the Swedish military (FMV) to which Aiab has been an almost exclusive supplier for more than 35 years. Although Aiab historically has focused on supplying the Swedish market, it has since 2006 developed an export program and is currently supplying portable power supply solutions to the Norwegian military and is expanding its offerings to several other markets in Europe.
Since 2012, Aiab is a qualified supplier of power supply equipment to the NATO Maintenance and Supply Agency (NAMSA) and has several certified products with an NSN (NATO Stock Number) in NATO’s database.
In May 2013, Aiab signed a blanket agreement with the Swedish Emergency Service Agency. The agreement term was two years with an option to extend it for up to another two years, which they did in May of 2015. Also, in 2015, Aiab signed an agreement with EATON regarding distribution in Scandinavia of their DC power solutions.
Since 2015 Aiab is investing more resources focusing on the commercial sector, including utilities companies like Eon, Fortum, Vattenfall and Statkraft.
All development, manufacturing and assembly is done by Aiab in its own factories in Timrå, north of Sundsvall, Sweden. The Company employs about 43 people and Allegro has been the majority owner since 2003.
AnaMar AB is a biopharmaceutical company focused on the discovery of novel therapeutic strategies to treat fibrotic diseases. The company is located at Medicon Village in Lund.
AnaMar’s preclinical project STING comprises of highly selective compounds for the treatment of fibrosis in various body compartments, e.g. the liver, the skin and the lung.
AnaMar´s proprietary and highly selective compounds are in preclinical development to enable clinical trials in patients.
AnaMar’s novel treatment for atopic dermatitis, AM1030, formulated in a proprietary cream, is in clinical phase and has successfully demonstrated safety and tolerability in patients.
AnaMar employs about 4 people and Allegro has been the lead investor since 2002.
San Diego, USA
Headquartered in San Diego, California, ClosingCorp® owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies, and real estate professionals and the consumers they serve. Clients rely on ClosingCorp to help improve efficiencies and mitigate risk.
The company develops technology applications and platforms that streamline workflow and deliver actual vendor-verified rates—not estimates or averages—from thousands of real estate service providers nationwide. Because of its unique position in the market, ClosingCorp has experienced double digit growth for several years showcased by the onboarding of several top 20 lenders. Growth approached 90% in 2015 and the trajectory has continued in 2016 largely due to the regulatory changes under TRID.
The company and its products have been recipients of several industry awards and many of their solutions can be private labeled and are integrated with industry leading software partners including:
Mortgage Origination Software:
Black Knight™ Empower®
Ellie Mae® Encompass®
INTEGRA’s Destiny Loan Origination System
Mortgage Builder® Loan Origination System
Savana Inc. (formerly FIS LOS)
Real Estate Closing and Title Insurance Software:
TSS Software Corp
ClosingCorp and its products have been recipients of several industry awards including:
ClosingCorp and its products have been recipients of several industry awards, including:
- 2016 Housingwire (HW) Rising Star
- 2016 Ellie Mae “Lender’s Choice” award nominee, best Service Provider
- 2016 CFO of the Year, San Diego Business Journal
- 2016 HW 100 Most Innovative Housing Technology Companies
- 2016 HW Tech 100
- 2016 Tech All-Star Award, Mortgage Bankers Association
- 2015 HW Most Influential Women in Housing Recipient
- 2015 HW Tech 100
- 2015 Top 50 Mortgage Service Providers, Mortgage Executive Magazine
- 2015 HW 15 Companies to Watch
ClosingCorp employs about 130 people.
Evolve Controls LLC
Evolve Controls delivers turnkey room automation, control and monitoring solutions to the hospitality industry that create memorable guest experiences while significantly reducing energy and operational costs for hoteliers and their guests. Evolve’s cloud-based Room Operations Center (ROC) software platform gives hoteliers the ability to manage the guest room experience across all of their properties, from any web enabled device, which provides the ability to command, control and receive reporting on all connected hardware, including third party devices. Guests have personalized control over their room environment, including temperature, lighting, entertainment and window treatments via in-room controllers or tablets. ROC is secure and reliable, providing unparalleled flexibility to meet specific needs. Being a hosted solution, ROC adapts to meet the business requirements of any property and naturally grows as those requirements continue to change.
Hotels are increasingly attracted to guest room automation for two reasons; (i) well designed room automation improves the guest experience, increasing guest loyalty in an increasingly competitive market environment, and (ii) it enables more efficient management control over every facet of hotel operations. For example, alerts can be sent notifying hotel personnel of offline devices or thermostats that are running in unoccupied rooms. Energy costs are the second highest operating expense after labor for hotels and Evolve has demonstrated that its systems reduce energy expenses by 25-40% and have a payback of less than two years.
ROC devices communicate wirelessly in each guest room and are connect to Microsoft’s Azure cloud infrastructure. As a result, hoteliers receive updated features and applications over-the-air making information more accessible – this Software as a Service (SaaS) delivery model lowers ongoing IT costs and shortens the deployment process, since hotels do not require an on-premise backbone and there is little burden on its staff. This enables hotels to slash CapEx costs and more accurately budget OpEx requirements that may change over time as their systems expand. Importantly, Evolve’s use of the Azure cloud platform ensures the security of sensitive data. Data and other important information is stored in the cloud making it safe from physical damage due to redundant off-site backups.
The Company’s use of Z-wave wireless technology enables hotels to integrate Evolve’s state-of-the-art room automation solutions, including energy management, lighting controls and shading & draperies, into new or existing buildings. The systems are efficiently pre-programmed for easy installation without “opening the walls”, thereby avoiding costly and time-consuming electrical installations. Also, Evolve’s systems are completely scalable, so additional features and enhancements are easily added over time.
Evolve room automation systems are operating in most of the leading hotel flags including Hilton, Hyatt, Sheraton, Marriott, Radisson, Westin and many upscale boutique hotels. Its largest installation to date has been the 2,700 room Wynn Las Vegas.
Allegro became a major investor in Evolve in February 2013 and is now the majority owner after several additional investments.
Evolve Contols employs about 30 people.
First Bay Resort Ltd.
First Bay Resort Ltd (“FBR”) is a property development company formed to develop a signature master-planned resort and residential project in the town of Primosten on the North-Central coast of Dalmatia in Croatia. The project will include an estimated 75,000 square meters of gross buildable area on a 125,000 square meter waterfront site. The accommodations are planned to include a 5-star resort, including a hotel-style resort complex with apartments and villas spread about the site. Amenities will include a spa and fitness center, sporting facilities, a small marina berthing area with boardwalk and waterfront restaurant, bars, cafes and retail shops. It will be developed over an estimated 3-4 year period.
Gadelius Holding Ltd.
Gadelius Holding Ltd. is a specialized trading company on the Japanese market. Gadelius is active in seven different business segments; disaster relief, low-energy housing, medical technology, printing equipment, industrial process machinery, food-processing machinery and construction equipment. Within these business segments, Gadelius focuses on importing high-quality niche products and systems from all over the world.
Gadelius was originally established in Japan in 1907; it is a Japanese company, even though its owners have always been Swedish or Swedish-related.
The Gadelius group employs about 240 people in locations throughout Japan.
San Diego, USA
GovX, Inc. is the leading virtual marketplace in the world for military personnel, first responders and government employees. The company utilizes a proprietary identification system to ensure integrity of the members transacting on the platform. GovX sells third party goods and services, most often fulfilled and shipped directly by the company’s brand partners, to its verified members and collects a transaction fee, commission or profit margin on each sale.
The GovX platform is not available to the public; users must be verified to have access to the discounts represented within the network. Major brands like Oakley, Garmin, prAna, MLB, Choice Hotels, Reebok, Northface and Under Armour appreciate the protected nature of the sales channel as it avoids disrupting their traditional retail channel while creating a new, secure and socially responsible sales outlet to a highly sought-after, influential population of nearly 50 million adults representing over 100 million people including their spouses and dependent children.
The company was founded in 2010, incorporated in the state of Delaware in 2011 and has its offices located in San Diego, California.
GovX employs about 70 people.
Harbour Advisors Cayman Ltd. and Harbour Litigation Cayman Ltd.
Harbour Advisors Cayman Ltd. (“HAC”) serves as the investment advisor to various investment funds with £180 million of commitments from its partners.
HAC, together with its sub-advisor, Harbour Litigation Funding Ltd. (“HLF”), provides investment advisory, portfolio management and other services to the Harbour investment funds in respect to litigation, tribunal, arbitration and dispute resolution claims and dispute and judgment collections and enforcements (“Claims”). HAC’s approach is to combine legal, financial and investment expertise in assessing Claims for potential investment by its investment funds.
The services provided by HAC to its investment funds include recommending Claims, the provision of advice in respect to Claims and the on-going monitoring and review of Claims invested in by its investment funds.
HAC and HLF currently have 9 employees.
Inqo is an impact investment company investing in businesses that tackle poverty and the social needs of the poor. Inqo believes that enterprise is the best way to tackle poverty through creating sustainable employment that empowers the poor and transforms communities. Whilst aid and philanthropy will always have a role in humanitarian crises, Inqo believes that sustainable transformation of low income countries can only be achieved through economic development.
As a social venture investment company, Inqo invests in businesses that create jobs, provide services and products for the poor as well as tackle environmental issues. Inqo invests mostly in small to medium size enterprises (SMEs) that are scalable and have potential for growth and asset appreciation. In addition to the financial returns, each investment will be monitored for their measurable social and environmental impact. Our primary investment focus is Sub-Saharan Africa.
Examples of Inqo’s current portfolio companies include Kuzuko Lodge, a five star, luxury resort based in the spectacular Eastern Cape Province which combines fob creation, conservation and transformation, Spekboom Trading, a project involving the re-forestation of 14,000 acres with the indigenous spekboom plant in the Eastern Cape, South Africa to restore degraded land, create 150+ jobs and generate carbon trading credits, Bee Sweet Honey Ltd (Zambia), a commercial producer of organic honey using a large network of small famers in the Miombo region of Northern Zambia and Medical Diagnostech (Pty) Ltd (South Africa), a low cost manufacturer of point-of-care (POC) tests for HIV/AIDS, malaria, drugs of abuse and pregnancy.
Allegro invested in Inqo in 2014.
JTK Power Oy
JTK is a dynamic medium-sized workshop with three main business areas:
- Development and production of advanced silencers and catalytic converters for ship engines, power plants, offshore rigs and the processing industry.
- Advanced CNC machining of parts for ship engines and power plants.
- Manufacturing of steel doors with high security for police and military authorities.
JTK uses qualified technology and software in product development related to acoustic design and flow measurements. The company has the in house ability to conduct full-scale tests of sound attenuation and pressure losses from DN200 to DN1600.
The company was founded in 1958 in Vaasa, Finland, with the initial focus on the manufacturing of fire and shelter doors. Development and manufacturing of exhaust systems started in 1998 and in 2001 the company moved to new premises in Vöyri, about 35 km outside of Vaasa.
In 2012, JTK established a subsidiary in Wujiang, China, for customers that need advanced silencers in the marine, power plant and process industries.
JTK employs about 80 people and Allegro acquired the company in August of 2013.
Koncentra Holding AB (KHAB) is the company through which the Fund manages its investments in Sweden and Finland, including Aiab energy AB, AnaMar AB, Svets & Mekanogruppen AB, Koncentra Pistons Oy and JTK Power Oy. KHAB is based in Stockholm, has in excess of SEK 200 million of equity, with access to substantially larger credit lines looking for additional investments in Sweden or Finland.
Koncentra Pistons designs, manufactures and markets large bore pistons for leading manufacturers of medium speed diesel and gas engines.Large bore engines used in marine applications, as well as in power plants, are exposed to severe combustion conditions. Such combustion environments require pistons that can resist high combustion pressure, high temperatures, heavy wear and extreme corrosive conditions.
Koncentra Pistons is applying proprietary state-of-the art R&D Technology in design of piston structure, cooling system, surface treatment and manufacturing processes of pistons and have invested in the most advanced CNC and Automation Technology for efficient and quality assured manufacturing.
Koncentra Pistons’ technology provides the best possible performance by achieving:
- Outstanding ring groove wear
- Excellent support surface performance
- Light structure
- Improved fatigue strength
- Cost competiveness
Koncentra Pistons is approved by ISO 9001, ISO 14001 and OHSAS 18001.
The company was founded in 1997, employs about 40 people and is located in Pietarsaari, Finland.
Allegro acquired the company in August 2016.
Nclear is committed to restoring nature’s equilibrium to the world’s water bodies through a proprietary, engineered nanocrystal technology. Nutrient pollution (excessive phosphates and nitrates) is damaging global water bodies and causing major problems such as toxic algae growth and depletion of oxygen, which are harmful to human, animal and aquatic life. Nclear is a patented synthetic mineral engineered to be the most cost effective and environmentally safe solution to remove or prevent excess nutrient concentrations from water bodies such as lakes, rivers, streams, estuaries and bays. Nclear nanocrystals can be applied at the source, such as municipal/commercial wastewater treatment plants, agricultural/livestock retention ponds or directly into surface water bodies.
Oxymetal, founded in 1984, is the French leader in industrial metal cutting.
Oxymetal offers a wide range of services from high-precision laser cutting (from 0.1 mm) to the cutting of very thick pieces (up to 400 mm). The group offers finishing operations, such as bending, machining and welding and is versatile enough to handle everything from one-off prototypes to serial production.
Oxymetal has a very diversified customer base supplying many different businesses including: energy, aerospace, automotive, railroad, construction, industrial machinery and equipment amongst many others.
The company employs about 350 people.
Plotagon, founded in 2012, is a creative start-up based in Stockholm, Sweden.
Plotagon AB is a one-of-a-kind application that allows users to create animated videos and characters just by typing. Plotagon is all about being creative, having fun and expressing yourself in different forms – through animated selfies, animated messages, personal emojis, greetings, short stories and most importantly – with your own animated characters.
Plotagon has a user-friendly creative app that allows anyone to create animated videos. The method is simple: users choose characters and scenes, write their stories in the form of dialogue, add emotions, sound effects and music with drop-down menus, then press play. The Plotagon app instantly animates what users write—no animation experience is necessary.
Plotagon’s initial commercial focus area is education, for which the application is adapted to allow students to increase their engagement in the learning process by allowing them to develop their own videos to enhance the learning experience.
Allegro has invested in Plotagon since 2015.
The company employs about 20 people.
Rincaro LLC is a hedge fund management company partly owned by Allegro Investment Inc. and in which the Allegro Investment Fund is investing as a seed investor. Rincaro is based in Silicon Valley and has developed a proprietary algorithm, which allows it to mine the web and social media in “real time” for information that can be used to predict security pricing. For this, it uses big data processing, semantic analysis and machine learning to map the changes in the content of virtual conversations and relate these to changes in security pricing by training the algorithms using historic data. Rincaro has then built a model that can predict changes in securities pricing, which it has used to develop a trading strategy that lets them trade on the basis of this information.
Sight Sciences, Inc.
Menlo Park, USA
Sight Sciences, Inc. is a Menlo Park – based medical device company focused exclusively on ophthalmology. The company is dedicated to changing the way the practice of ophthalmology thinks about and treats the leading causes of eye disease. By focusing its approach on pioneering technology-driven solutions that specifically address the underlying physiology of disease, Sight Sciences is ushering in a new era of treatment. The company’s first products address two of the largest unmet needs in ophthalmology – glaucoma and dry eye.
Spectrum Holdings Inc.
Spectrum Holdings Inc. (SHI) holds the rights to a substantial portfolio of 2.5GHz FCC licenses covering strategic markets in the Southeast US. This spectrum band is currently being used worldwide, including by Sprint in the US, for high-capacity LTE broadband networks. With average spectrum depth of more than 45 MHz and a spectrum footprint covering three million people, SHI believes that its spectrum rights will be a valuable strategic asset for major national wireless providers or independent operators.
SHI’s spectrum portfolio includes key Tier 2 and Tier 3 markets such as: Panama City and Ocala FL; Gadsden, Auburn and Dothan AL; and Valdosta, Brunswick and Thomasville GA. In addition, the license area includes major sections of key interstate corridors such as: I-75 between Atlanta and Orlando; I-85 between Atlanta and Montgomery; I-95 between Savannah and Jacksonville; I-59 between Birmingham and Chattanooga; I-10 between Jacksonville and Pensacola; and I-20 between Atlanta and Birmingham.
SHI expects the proliferation of wireless devices and applications to continue to stress spectrum capacity, creating an opportunity for monetizing its portfolio at very attractive values.
Svets & Mekanogruppen AB
Svets & Mekanogruppen was founded in 1969 and is a subcontractor within the metal fabrication industry. The company has extensive experience partnering with large industrial organizations in manufacturing both semi-finished and finished steel components for industrial use. The group is equipped to handle requests for both small and heavy duty components and can manufacture using any method and type of material. The group has two manufacturing sites in Sweden. Svets & Mekano in Vislanda specializes in welded structures and Malmstens Verkstad in Ljungby has extensive CNC machining capabilities. In Sweden the group employs about 85 people.
Finmec is the group’s subsidiary in Estonia. The company, which is located just outside Tallinn, has a large capacity for welded structures, machining and painting. Finmec employs about 105 people.
Allegro became the principal owner in 2010.