Predict your next investment

Venture Capital

See what CB Insights has to offer

Investments

76

Portfolio Exits

24

Funds

1

About Hambro

Founded in 1981. Acquired by Societe General (SG) in 1998.

Hambro Headquarter Location

650 Madison Avenue 21st Floor

New York, New York, 10022,

United States

(212)223-7400

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Hambro News

Hambro Leaves Sanjeev Gupta’s GFG After Clash on Aluminum Deal

Jul 27, 2021

Jul 27 2021, 11:56 AM July 26 2021, 9:12 PM July 27 2021, 11:56 AM (Bloomberg) -- Jay Hambro, chief investment officer at Sanjeev Gupta’s GFG Alliance, is leaving the group after falling out with his boss over the sale of its aluminum assets, according to people familiar with the matter. (Bloomberg) -- Jay Hambro, chief investment officer at Sanjeev Gupta’s GFG Alliance, is leaving the group after falling out with his boss over the sale of its aluminum assets, according to people familiar with the matter. Hambro, a scion of the British banking family, joined GFG in 2016 and has been one of Gupta’s closest and most senior lieutenants. But he recently stopped taking any active role in GFG’s operations, the people said, asking not to be identified as the information isn’t public. Hambro declined to comment, as did a spokesman for GFG. The departure of one of Gupta’s top lieutenants is the latest in a series of dramas playing out across the businessman’s empire. Gupta is battling to maintain control of his group following the collapse of his main lender, Greensill Capital, in March, and the announcement of an investigation into alleged fraud and money laundering by the U.K.’s Serious Fraud Office in May. At the same time, skyrocketing steel and aluminum prices have made GFG’s assets attractive to a range of suitors. Hambro’s relationship with Gupta soured after he became involved with a private equity bid for GFG’s aluminum assets, people familiar with the matter said earlier this month. In April, U.S. private equity group American Industrial Partners bought most of the senior debt on Gupta’s two main aluminum assets -- the Dunkirk smelter in France and the Duffel rolling mill in Belgium -- and then made a bid to buy them. Under AIP’s plan, Hambro would have left GFG when the assets were sold and taken a job as a top executive of the newly separate aluminum group, Bloomberg previously reported . Gupta, disappointed by Hambro’s willingness to jump ship as well as the relatively low price offered by AIP, rejected the bid, instead agreeing a financing and trading deal with Glencore Plc. But the battle for Gupta’s aluminum assets is not yet over. AIP has responded by pushing the company that owns the Duffel plant into administration, leading to Gupta being ousted and then temporarily reinstated to the plant’s board. It’s not clear whether Hambro, who has long been one of the public faces of Gupta’s business in dealing with banks, investors and the media, will be replaced. Gupta in May appointed a raft of new senior executives to his main steel business, including a chief financial officer, chief restructuring officer, chief transformation officer and chief governance officer. ©2021 Bloomberg L.P.

Hambro Investments

76 Investments

Hambro has made 76 investments. Their latest investment was in Gene Logic as part of their Series A on March 3, 1996.

CBI Logo

Hambro Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/29/1996

Series A

Gene Logic

$8.6M

Yes

Altamira Financial, Cross Atlantic Partners, Oxford Bioscience Partners, State of Maryland, and Undisclosed Investors

1

4/2/1994

Series E

Keyfile

$1.5M

No

Battery Ventures, Crosslink Capital, DSV Partners, North Atlantic Capital, Pell Rudman, TVM Capital Life Science, and Venture Founders

1

4/2/1993

Series D

Keyfile

$5.6M

No

Battery Ventures, Crosslink Capital, DSV Partners, North Atlantic Capital, Pell Rudman, TVM Capital Life Science, and Venture Founders

1

12/4/1992

Growth Equity

Subscribe to see more

$99M

Subscribe to see more

10

4/1/1992

Growth Equity - III

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/29/1996

4/2/1994

4/2/1993

12/4/1992

4/1/1992

Round

Series A

Series E

Series D

Growth Equity

Growth Equity - III

Company

Gene Logic

Keyfile

Keyfile

Subscribe to see more

Subscribe to see more

Amount

$8.6M

$1.5M

$5.6M

$99M

$99M

New?

Yes

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Altamira Financial, Cross Atlantic Partners, Oxford Bioscience Partners, State of Maryland, and Undisclosed Investors

Battery Ventures, Crosslink Capital, DSV Partners, North Atlantic Capital, Pell Rudman, TVM Capital Life Science, and Venture Founders

Battery Ventures, Crosslink Capital, DSV Partners, North Atlantic Capital, Pell Rudman, TVM Capital Life Science, and Venture Founders

Sources

1

1

1

10

10

Hambro Portfolio Exits

24 Portfolio Exits

Hambro has 24 portfolio exits. Their latest portfolio exit was Keyfile on July 02, 2001.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/2/2001

Acquired

Zions Bancorporation

1

11/21/1997

IPO

Public

1

1/31/1996

Acquired

Undisclosed Investors

1

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

7/2/2001

11/21/1997

1/31/1996

00/00/0000

00/00/0000

Exit

Acquired

IPO

Acquired

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

Acquirer

Zions Bancorporation

Public

Undisclosed Investors

Subscribe to see more

Subscribe to see more

Sources

1

1

1

10

10

Hambro Acquisitions

3 Acquisitions

Hambro acquired 3 companies. Their latest acquisition was State Line Tack on April 01, 1991.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/1/1991

Growth Equity

$0.8M

Leveraged Buyout

1

1/15/1990

Growth Equity

Subscribe to see more

$99M

Subscribe to see more

10

11/21/1989

Leveraged Buyout

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/1/1991

1/15/1990

11/21/1989

Investment Stage

Growth Equity

Growth Equity

Leveraged Buyout

Companies

Subscribe to see more

Subscribe to see more

Valuation

Total Funding

$0.8M

$99M

$99M

Note

Leveraged Buyout

Subscribe to see more

Subscribe to see more

Sources

1

10

10

Hambro Fund History

1 Fund History

Hambro has 1 fund, including Hambro Int'l. Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/1/1987

Hambro Int'l. Fund

Multi-Stage Venture Capital

$59M

1

Closing Date

1/1/1987

Fund

Hambro Int'l. Fund

Fund Type

Multi-Stage Venture Capital

Status

Amount

$59M

Sources

1

Hambro Team

4 Team Members

Hambro has 4 team members, including current Chief Financial Officer, David Barnett.

Name

Work History

Title

Status

David Barnett

Chief Financial Officer

Current

Anders Brag

General Partner

Current

Alexander R Hambro

General Partner

Current

Arthur C Spinner

General Partner

Former

Name

David Barnett

Anders Brag

Alexander R Hambro

Arthur C Spinner

Work History

Title

Chief Financial Officer

General Partner

General Partner

General Partner

Status

Current

Current

Current

Former

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.