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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

during the 2018 FIFA World Cup Final between France and Croatia at Luzhniki Stadium on July 15, 2018 in Moscow, Russia.

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

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