Andrew Woodman

London

London Bureau Chief at PitchBook

Journalist | Editorial Leader | PE/VC Specialist | London Bureau Chief, PitchBook. Opinion owns

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Articles

Australian energy tech startup Amber raises $29.6M for Europe expansion

3 days ago | pitchbook.com | Andrew Woodman

Courtesy of Louis Trerise Amber, an Australian startup that makes software for smart energy storage systems, has just raised $29.6 million (€26 million) in a round led by ETF Partners to fund European expansion. Headquartered in Melbourne, Amber provides software that automatically charges home batteries and electric vehicles when power is cheapest and sells it back when prices are high. The company accounts for 40% of new automated home batteries in Australia, its largest market.
$10B fund signals the scale of Saudi's lofty AI ambitions

1 week ago | pitchbook.com | Andrew Woodman

Saudi Arabia’s new state-backed AI company, Humain, is launching a $10 billion AI-focused VC fund—the latest in a series of moves designed to turn the kingdom into an AI hub. Humain CEO Tareq Amin told The Financial Times this week that the fund, which is eyeing a launch in the summer, is seeking backing from ChatGPT creator OpenAI, Andreessen Horowitz and Elon Musk’s xAI. The kingdom made a series of announcements over the course of May, signalling its multibillion-dollar commitment to AI.
Is Japan about to unleash its $1.8T pension giant on its domestic PE market?

1 month ago | pitchbook.com | Andrew Woodman

Japanese lawmakers are calling on the nation’s 259 trillion yen (around $1.8 trillion) pension fund to unlock more capital for domestic PE and VC. The move is the latest in a long line of efforts to bolster the fund’s returns through alternatives exposure as Japan sits on a demographic time bomb.
Perinatal iron deficiency alters the cardiac proteome and mitochondrial function in neonatal offspring

Dec 23, 2024 | journals.physiology.org | Claudia D. Holody |Andrew Woodman |Si Liu |Chunpeng Nie

Iron deficiency (ID) is the most common nutritional deficiency worldwide and typically occurs after a prolonged period in which iron demand exceeds supply. Though initially asymptomatic, the gradual depletion of tissue iron levels eventually leads to impairments in cell and organ functions (e.g., erythropoiesis), which culminates in a state of anemia.
PE investment in India loses momentum

Nov 19, 2024 | pitchbook.com | Andrew Woodman

Investment activity in India’s private equity market has started to slow this year, with both dealmaking and fundraising set to come in below 2023’s total. As of the time of writing, there have been 195 deals in the country this year worth just over $18 billion across all deal types, tracking well below last year’s total of nearly $30 billion invested across 218 deals. Two of the year’s most notable deals have been in infrastructure.
DTCP taps into data-center boom with $1.3B bet on Europe platform

Nov 12, 2024 | pitchbook.com | Andrew Woodman

Germany’s DTCP said Tuesay it will invest over £1 billion (around $1.3 billion) to back a newly launched UK data center in a deal that highlights Europe’s push to meet skyrocketing global demand for more infrastructure. The rapid adoption of AI technology has helped drive a voracious appetite for data-center capacity around the globe.
Paris office raids cast a shadow over CVC's French soccer deal

Nov 5, 2024 | pitchbook.com | Andrew Woodman

Investigators have raided the Paris offices of both CVC Capital Partners and French soccer’s governing body, Ligue De Football Professionnel, amid a probe into alleged corruption. According to several reports citing judicial officials, the searches related to an investigation into the misappropriation of public funds launched in July. The home of LFP President Vincent Labrune has also been searched.
Should I stay or should I go? UK budget triggers location anxiety

Oct 25, 2024 | pitchbook.com | Andrew Woodman

The UK’s upcoming Autumn budget and the prospect of more tax on carried interest have provoked fresh talk of brain drain and capital flight from the UK. How much substance these warnings have is unclear, but some government compromise is likely. Even before the current Labour government came to power there were promises of a crackdown on private equity profits—specifically on how carried interest is taxed.
KKR smooths eventual exit with $15B Axel Springer breakup

Sep 19, 2024 | pitchbook.com | Andrew Woodman

KKR has reached a deal to split German media giant Axel Springer—which owns Business Insider and Politico—and take over the company’s classified-ads business, leaving billionaire CEO Mathias Döpfner to assume control of the media unit. The classifieds assets will be spun off as separate companies majority-owned by KKR and Canada’s CPP Investments. That includes jobs site StepStone and real estate classifieds publisher Aviv, which reportedly were were valued at about €10 billion ($11.2 billion).
Is private capital the missing piece in $125 trillion energy-transition puzzle?

Aug 2, 2024 | pitchbook.com | Andrew Woodman

As the need to decarbonize clashes with soaring energy demands, the world faces an unprecedented energy challenge requiring a vast amount of capital. And private investors are poised to play a pivotal role in supplying the money.