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Tag: Secondary

TempoCap completes fourth portfolio acquisition in France since December 2015

19th July 2018

TempoCap completes secondary direct portfolio deal with Entrepreneur Venture Gestion

Sector: Technology

TempoCap Limited (“TempoCap”), a leading primary and secondary technology investment firm investing in high growth assets in Europe, has completed the acquisition of a portfolio of companies from Entrepreneur Venture Gestion (“EVG”). EVG were advised by Jasmin Capital; a leading French adviser for direct portfolio transactions. Following the deal, TempoCap will continue to invest further in the portfolio to support its growth, working closely alongside the management team at EVG and the portfolio companies to drive value. The EVG portfolio brings an additional 14 companies to the TempoCap portfolio, which now totals 36 assets. The EVG deal includes portfolio companies such as Synthesio (MarTech), Aqua (CleanTech), What’s Next Partners (Media), and Agendize (SaaS).   Olav Ostin, Founder & Managing Partner, TempoCap comments: “I am delighted to work alongside EVG on this very attractive portfolio and grow further the high-profile companies within it. This is a great opportunity for TempoCap to extend our presence in France, where we have strong relationships with the investment community and high-growth technology ecosystem. Our expertise in secondary portfolio deals enables us to price and structure transactions that are tailored to the specific needs of the sellers.”   Bertrand Folliet, Managing Partner EVG “We are more than pleased to work with Tempo. We are complementary and working together will add value to the companies of the portfolio. EVG and Tempo will definitely contribute to their future growth.”   Ludovic Douge, Head of Secondaries, Jasmin Capital comments: “We are very enthusiastic about closing this transaction alongside EVG and TempoCap and were very impressed by the implication of both teams throughout the process. We truly believe the financing of European private companies relies on achieving better liquidity for the final investors. Jasmin Capital has led more than 20 secondary processes over the last two years in this process.”   The investment in EVG adds to TempoCap’s track record and experience of completing secondary portfolio investments in France. In the last two years, TempoCap has completed three portfolio acquisitions alongside primary investments, which include businesses such as Onfido (a leading identity software solution provider), Boku (a mobile payments network; LON:BOKU), Remade (a leader in refurbished smartphones), Ercom (a leading cybersecurity solution provider), Launchmetrics (a virtualized SaaS platform for the fashion industry) and Depop (a social shopping platform for creative entrepreneurs).   To discuss our approach to investing, and how we support founders who are leveraging technology to address big markets and serve the needs of customers, contact: Sibylle Pilotaz sibylle@tempocap.com

TempoCap co-hosts conference on secondary transactions

17th October 2017

The half-day conference will be focused on exploring routes to liquidity through secondary transactions for venture capital participants. You will get to hear from industry experts on the pros and cons and issues and challenges surrounding this evolving topic for the venture capital industry.

Sector: Media

Conference Agenda Event Link: http://bit.ly/2ypw3m4 AGENDA 1:30pm Registration and refreshments

2:00pm

Chairpersons’ Welcome Karma Samdup & Ted Craig, Partners, MJ Hudson

2:10pm

Setting the Stage: Accessing Liquidity in Venture Capital Macro-view of routes to liquidity for the different venture capital participants (e.g. angels, GPs, LPs). A look at the timing of a likely exit, the typical form of that exit as well as any systemic or other constraints to liquidity in the venture industry. Yaron Zafir, Head of Secondaries, Rede Partners

2:30pm

Liquidity via the Secondary Market: Deal Structures, Issues and Challenges  What does a secondary transaction look like?  An overview of secondary deal structures (e.g. direct or indirect secondary transactions as well as primary deals). What legal and commercial issues (e.g. process, timing, pricing and due diligence issues) do founders, angel investors, GPs and/or LPs need to be aware of. Ted Craig, Partner, MJ Hudson Karma Samdup, Partner, MJ Hudson

3:00pm

Keynote Interview: The Secondary Direct Venture Market Overview Olav Ostin, Co-Founder and Managing Partner, TempoCap Interviewed by: Ted Craig, Partner, MJ Hudson TempoCap is a leading technology investment firm providing liquidity to high growth European businesses. TempoCap advised funds acquire secondary direct portfolio investments from various type of investors including venture capital funds, corporates, banks or prominent business angels as well invest growth capital into fast-growing sizeable technology businesses via both primary as well as secondary situations.

3:20pm

Break

3:45pm

Delivering Pre-Exit Liquidity Options for Private Investors: Pros, Cons & Challenges A panel discussion focusing on the latest alternative liquidity options on the horizon for private investors in technology start-ups. Can more be done? What are the challenges in the market - legal, regulatory or otherwise - which hinder the evolution of a secondary market? Will these alternative options or platforms succeed or fail? Moderator: Karma Samdup, Partner, MJ Hudson Panellists include: Ashish Puri, Investment Partner, TempoCap Reshma Sohoni, Partner & Co-Founder, Seedcamp Nadav Rosenberg, Partner, ‎Entrepreneur First Thomas Davies, CFO, Funderbeam

4:15pm

LPs' Perspective: Gaining Access to the Venture Capital Asset Class A panel of primary and secondary LPs discussing their appetite for doing venture capital deals, the issues that put them off such deals and how they see this area evolving. Can greater liquidity increase capital pool available for start-ups and GPs? Moderator: Ted Craig, Partner, MJ Hudson Panellists include: Edward Lemle, Director, Montana Capital Partners Daniel Morrison, Private Wealth, Society Generale Thomas Liaudet, Partner, Campbell Lutyens Mathieu Drean, Managing Partner, Triago Christian Boehler, Partner, Akina 4:45pm Chairperson’s Wrap Up Karma Samdup, Partner, MJ Hudson

5:00pm

Networking Drinks and Canapés

7:00pm

 

Pierre Suhrcke Joins TempoCap as Venture Partner

2nd September 2017

Sector: Technology

TempoCap, a growth equity venture capital firm specialising in technology and direct secondary transactions, is pleased to announce the addition of a new Venture Partner, Pierre Suhrcke, to the team. Pierre was previously a partner at ABS Ventures, which acquired many of Deutsche Bank's venture portfolio of 80 companies through a management buyout. Before that, Pierre spent 17 years in various senior management positions at Deutsche Bank in London and Frankfurt, including as Deputy Head of Equities, Global Head of Risk Management and as a Managing Director of Deutsche Bank Venture Partners. In that role, Pierre focused on investments in financial services and enterprise software companies, and has been on the board of over 20 private companies in both the US and Europe. These include Adeptra (leaders in cloud-based customer engagement and risk intervention solutions that was acquired by FICO), RiskMetrics Group (leaders in risk management and portfolio management solutions which listed on Nasdaq) and Trema Group (a treasury and asset management software business that was acquired by Wall Street Systems). Pierre is also an active angel investor, mentor and advisor. "It is a pleasure to be joining TempoCap," said Pierre. "I truly enjoy working with management teams to help them build robust and substantial businesses - and look forward to helping TempoCap portfolio companies become globally recognised leaders." "We are delighted to welcome Pierre to TempoCap," said Olav Ostin, TempoCap Managing Partner. "Pierre brings extensive industry experience to the firm and to our portfolio, and his strategic insights and access to a broad network across FinTech and InsurTech will find us exciting investments and support founders in growing their businesses." Pierre's biography is on the TempoCap page here.