Italy’s angels&incubators and venture capital weekly roundup. News from Moneyfarm, Terna, Finlombarda, Tannico, Blubrake, Jobtech and more

Moneyfarm, a London-based wealth manager, acquired Profile Financial Solution (Profile Pensions), an UK competitor with 1 billion euros of assets under management (see here a previous post by BeBeez). Moneyfarm will finance the transactio with cash and shares swap that will allow Smedvig Capital to own a minority of the buyer that retained Barclays Bank and Linklaters as financial and legal advisor. Milan-listed energy network company Terna launched Terna Forward, a corporate venture capital with resources of 50 million euros (see here a previous post by BeBeez). The vehicle will invest in the sectors of energy and mechatronics. The Lombardia Region launched Lombardia Venture, a fund of funds for supporting the local star