MM&G is a savings and investments company that manages money for individuals and institutions. It offers a range of investment products, including mutual funds, where many investors pool their money to buy a fixed mix of assets chosen by the fund manager. The funds are then managed to try to grow wealth and provide long-term returns, with investors’ money divided into shares or units based on the fund’s rules. M&G differentiates itself through its long history as an asset manager, its status as an independently listed company after the demerger from Prudential, and its focus on serving the UK and European markets with a broad lineup of funds and investment strategies. Its goal is to help people save and invest for the long term by providing access to professionally managed portfolios and investment options that suit different risk tolerances and goals.
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Company Size
1,001-5,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1931
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Total Funding
$763.5k
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Industry Average
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Aurora Utilities, an independent distribution network operator (IDNO) backed by I Squared Capital, has secured a further £100 million in equity. I Squared Capital, Allianz Global Investors, Kåpan, and M&G Investments provided the funds. The round adds to an initial £150 million commitment made in 2024, bringing total equity raised to £250 million. The company says it is one of the UK's fastest-growing IDNOs. It will use the money to expand across Great Britain and to hire more staff in operations, engineering, and land rights. Demand is rising from electric transport, data centres, housing, renewable energy, and battery storage. Aurora's networks charge one in four electric buses in London.
bit.bio, a human cell programming company, has raised $25 million in Series D funding. The round follows its Series C earlier this year and includes existing investor M&G Investments and Dr Jonathan Milner, founder and former chief executive officer of Abcam. The company will use the money to expand its range of human cell models and make them available to more pharmaceutical, biotechnology and research organisations. Its opti-ox™ platform produces defined human cell types consistently and at scale. The ioCells portfolio covers more than 50 cell types, including models of the heart, liver and central nervous system. Chief executive officer Dr Emma Pepperell said AI and the move away from animal testing are driving demand for consistent human cell models.
M&G has launched a private credit long-term asset fund (LTAF) with £74m of initial commitments. The fund targets UK defined contribution (DC) pension schemes seeking more private markets exposure following the Mansion House Accord. It will channel capital into businesses and projects across the UK and Europe, covering corporate lending and the financing of infrastructure, real estate and other assets. The initial sum includes capital from M&G's £138bn with-profits fund. "Our first LTAF brings to DC pension schemes a private credit capability that M&G has delivered to defined benefit pension schemes and other institutional investors for more than 25 years," said Neil Godfrey, global head of client group at M&G Investments. The fund sits within M&G's £28bn private and structured credit platform, part of its £83bn private markets business.
Five entities sold an 11.05% stake in Sedemac Mechatronics for ₹1,468.83 crore, while domestic and foreign institutional investors bought shares.
Milton Keynes-based Envisics announced it closed its Series C funding round at $100M (approximately €93M). The dynamic holographic technology company previously secured $50M in March, led by Hyundai Mobis, with participation from InMotion Ventures and Stellantis Ventures. M&G Investments led the latest tranche, with existing investor Van Tuyl Companies participating. The funds will accelerate product development and international expansion. Envisics develops holographic technologies for augmented reality heads-up displays (AR-HUDs) in vehicles. The technology projects information onto windscreens whilst adapting to ambient light changes and consuming 50 per cent less power than conventional systems. The company's investor roster now includes Tarsadia Investments, GM Ventures, Hyundai Mobis, InMotion Ventures, Stellantis Ventures, SAIC Motors, Van Tuyl Companies, and M&G Investment.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1931
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs