In a new instalment of Unquote's Lockdown series, Cambridge Associates managing director Annachiara Marcandalli explains why it is unlikely that impact investing will be sidelined post pandemic.
Marcandalli also addresses the convergence of financially motivated investors and ethically motivated ones, moving beyond the traditional dichotomy of whether financial returns would be compromised in impact investments.
She also talks about how the definition of what is impactful has evolved. She says that by helping clients scrutinise their portfolios during the pandemic, Cambridge Associates has been surprised to find that many were already financing sectors that have been crucial during this time such as telemedicine, online education and food delivery: “We have been rehearsing some of the great investments that are already in portfolios but are also impactful and necessary.”
Transaction also financed with a €10m senior debt from LCL, BNP Paribas, Bred Banque Populaire and CIC
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Omega managing director Claudio Nessi and principal Francesco Draetta will join the company's board