Finance in Motion GmbH, a Frankfurt/Main, Germany-based asset management firm exclusively focused on development finance, has received a minority investment from the Apax Foundation, the charity of global private equity firm Apax Partners.
The Apax Foundation purchased a 20% stake in Finance in Motion through a capital increase.
The deal will allow the asset management firm to develop new commercially viable products and services in development finance, particularly in the area of equity investments.
Finance in Motion offers specialized investment advisory services in the management of investment vehicles that have a positive social impact in developing countries and emerging economies and generate a financial return for investors.
In particular, the company focuses on micro, small and medium enterprise financing, housing financing, as well as on financing of energy efficiency measures and renewable energy projects.
Through this investment, the supervisory board of Finance in Motion will be expanded and strengthened with the appointment of Michael Phillips as the representative of the Apax Foundation.
The company employs over 55 people across its offices in Frankfurt/Main, and other 7 offices in Southeast Europe.
Finance in Motion, which is majority owned by management and staff, is also backed by the German private bank Sal. Oppenheim as co-founder and shareholder.