Genii Capital

Genii's investment interests

Formula One

On 16 December 2009, it was announced that Genii were to purchase a large stake in the Renault F1 Team. Genii beat Prodrive head David Richards to the deal. Genii was likely to merge the Renault Driver Development programme with its own Gravity Sport Management company, which manages drivers such as Ho-Pin Tung, who tested for the Renault team in 2009, as well as Christian Vietoris.

On 8 December 2010, Renault made public it would sell its remaining 25% share in the Enstone-based team, Renault F1 team, to Genii Capital, from that moment the sole shareholder. Group Lotus immediately became a partner of the team, renamed Lotus Renault GP. It was projected that the carmaker company would purchase a significant share of it. The team was known as the Lotus F1 Team from 2012 until 2015, when the team was sold back to Renault after the team experienced funding issues.

Other

On 26 January 2009, PHC Acquisitions LLC, affiliate of Genii Capital, become a stalking horse bidder of Polaroid Holding Company. The agreement included the purchase of Polaroid's assets as intellectual rights, name and brand.

On 7 January 2010, it was announced that Genii would, "hand in a cash offer" for Swedish carmaker Saab Automobile, together with Formula One commercial boss Bernard Ecclestone. The proposition was finally dismissed.

In December 2011, it was announced that Genii Capital led in $35 million of financing for Zink Imaging, a printing technology company, through the Genii Business Exchange.

Expansion strategy

On 29 July 2011, Genii Capital, which already had interests in Europe, Asia and North America, In April 2012, Genii Capital announced the launch of an office in Geneva as part of its expansion strategy.

Genii Business Exchange

Genii Business Exchange is an adjunct to Genii Capital. The Genii Business Exchange is a business platform providing a forum for a global network of high-net-worth individuals, opinion leaders, political leaders and those involved with Formula One.

It was founded by Lux and Lopez in 2010, and is hosted in many of the world's financial centres, but with a particular focus on emerging economies including BRIC and MENA countries.

Since the acquisition of the Enstone-based Formula One team from Renault (subsequently renamed from "Renault F1" to "Lotus Renault GP") by Genii Capital three-time Formula One world champion Sir Jackie Stewart OBE has worked with the Genii Business Exchange. Former President of BAE Systems, Sir Charles Masefield joined The Genii Group as a strategic advisor in June 2012.

References

References

1. (1 January 2010). "Genii seeks to improve Saab bid". The Irish Times.
2. "Lotus position clarified - SuperSport - Motorsport". SuperSport.
3. Noah Joseph. (2011-10-12). "Proton denies sale of Lotus to Genii Capital". Autoblog.com.
4. Benson, Andrew. (2009-12-16). "Renault will race in Formula 1 after selling their team". BBC.
5. Benson, Andrew. (2010-12-08). "Renault F1 team to be renamed Lotus Renault GP in 2011". BBC.
6. "Genii Capital and Group Lotus join forces in Lotus Renault GP". Genii Capital.
7. (31 October 2011). "Renault happy to focus on F1 engines". Reuters.
8. (26 January 2009). "Affiliate of Genii Capital to be "stalking horse" bidder for Polaroid". Genii Capital.
9. (7 January 2010). "Genii Capital announced today its interest in making an offer for the acquisition of a majority stake in Saab SAS in a partnership with Mr. Bernard Ecclestone". Genii Capital.
10. (7 January 2010). "Saab Delays Board Meeting as Spyker, Genii Plan to Submit Bids". Bloomberg L.P..
11. (2010-01-26). "Genii Capital withdraws from bidding for GM's Saab - Ecomotor.es". Eleconomista.es.
12. (2010-01-08). "Genii Capital confirms Saab bid with Ecclestone". Penews.com.
13. (2011-12-06). "Polaroid spinoff Zink raises $35M, replaces CEO".
14. (8 August 2011). "New Genii Capital and WWI Group joint venture". Genii Capital.
15. Anne réthoret. (2012-04-17). "Le trade finance continue d'attirer des investisseurs". Agefi.com.
16. "Genii Business Exchange links up with Sir Jackie Stewart". F1 Reader.
17. (10 June 2010). "Genii Capital presents its platform: Genii Business Exchange". iStockAnalyst.
18. "Lotus F1 Team - Exclusive content right from the heart of the F1 action". Lotusrenaultgp.com.
19. (2011-02-04). "Stewart partners Genii Business Exchange | F1 News | Feb 2011". Crash.Net.
20. (2012-06-12). "Leading businessman Sir Charles Masefield joins The Genii Group as a strategic advisor".