Tikehau Capital Supports Oodrive in Raising €65M to Finance Growth
March 29 2017 - 11:46AM
Business Wire
Regulatory News:
Tikehau Capital (Paris:TKO) announces its role as lead
manager in securing funding of up to €65m for Oodrive, the European
leader in sensitive-data management solutions, to accelerate the
group’s growth. Oodrive has thus completed the largest-ever
fund-raising deal by a non-listed French software
publisher.
The French group Oodrive, which was created in 2000, rapidly
imposed its presence as the leader in the sensitive-data management
market, providing Cloud-based file-sharing, protection and
electronic signature solutions.
The growing need for increasingly mobile, confidential and
secure on-line corporate data sharing, has led to a surge in demand
for the solutions provided by Oodrive.
Moreover, increasingly stringent French and European
regulations, relating to personal and corporate data protection,
have increased the needs among professionals for solutions which
enable them to comply with these new obligations.
The deal will enable Oodrive to expand by broadening its range
of solutions, in order to become a key trusted partner for its
clients in France and internationally and also enable the group to
pursue potential external growth opportunities.
Antoine Flamarion, Tikehau Capital co-founder declared: “We are
delighted to have been the lead manager in this deal supporting
Oodrive’s development. Since its creation, the company has always
been at the forefront of innovation and proven its remarkable
agility in anticipating and addressing market needs. We are
convinced of the strong growth potential of Cloud-based
data-sharing and protection solutions and we share the ambition of
creating the undisputed European leader in this field”.
Tikehau Capital has taken part in this deal through direct
investment alongside the Novi 1 fund, MI3 and NextStage.
Novi 1 is a specialised loan fund, launched in July 2015 by the
CDC, the French Federation of Insurance Companies (FFSA) and 21
other institutional investors, including 19 insurance companies and
3 pension funds, designed to support growth, international
development and innovation among small and mid-sized French
companies. Novi 1, a SICAV with 21-year maturity, is the first
long-term investment fund securing funding through equity or other
capital securities and/or senior debt in the form of bonds or
loans.
The deal is expected to close in early May 2017 at the
latest.
Following the deal, the three company founders, Stanislas de
Rémur, Edouard de Rémur and Cédric Mermilliod retain a majority
stake in Oodrive.
About Tikehau Capital
Tikehau Capital is an asset management and investment group
which manages approximately €10bn of assets, with shareholders’
equity of €1.5bn. The group invests in various asset classes
(private debt, real-estate, private equity and liquid strategies),
including through its asset management subsidiary Tikehau IM, on
behalf of institutional and private investors. Controlled by its
managers, alongside leading institutional partners, Tikehau Capital
employs 170 staff in its Paris, Milan, Brussels, London and
Singapore offices.
Tikehau Capital is listed on Euronext Paris, compartment A (ISIN
code: FR0013230612; Ticker: TKO.FP)
www.tikehaucapital.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170329005908/en/
Press
Contacts :Tikehau CapitalJulien Sanson, +33
1 40 06 18 40jsanson@tikehaucapital.comorImage 7Leslie Jung, + 44
781 864 18 03ljung@image7.uk.com
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