Orange Invests in LBO France’s Digital Health 2 Fund to Accelerate e-health Through Its Subsidiary Enovacom
November 19 2020 - 8:00AM
Business Wire
- A boost for Enovacom, the health division of Orange Business
Services, to achieve its ambition to become one of France’s leading
digital health companies
- An opportunity to generate new business opportunities and
enhance investment in the e-health market, both in France and
across Europe
Through its Orange Digital Investment holding, the Orange Group
has decided to invest in the Digital Health 2 (DH2) fund of LBO
France — a major player in the private equity sector in France. The
DH2 fund plans to invest €200 million in e-health SMEs, such as
QuantifiCare, Tribvn Healthcare, FeetMe and Meditect, dedicated to
B2B in the growth phase in France and Western Europe.
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Convinced of the potential of the e-health market, undergoing
transformation thanks to the benefits of digital technology, Orange
is providing additional resources to DH2 with a view to develop
innovative e-health companies in France and Europe.
This initiative will have a positive impact both for the
companies selected by the DH2 fund management team and for the
entire e-health ecosystem. This will enable for both holding
companies and investors alike: - the development of more
operational synergies in pursuit of innovation, - an active
contribution to the development of an area of excellence in the
e-health field and the strengthening of Orange’s strategic
positioning in this regard.
By investing in a dynamic fund, managed by a recognized
management team that is open to cooperation with the Orange Group,
Enovacom sees an opportunity to consolidate its privileged access
to the innovative e-health ecosystem.
“We are very pleased with the confidence that Orange has placed
in us. The presence of a global operator, integrator of digital
services, and a pioneer in e-health within the DH2 fund, is a
definite advantage for the portfolio companies. Enovacom will also
inevitably promote the co-construction and growth of innovative
companies capable of becoming world champions of e-health,” said
Valéry Huot, Partner, Head of Venture at LBO France.
“The adventure continues with DH2 (LBO France), a fund in which,
together with the operational team, we have found a real
understanding of our common challenges when it comes to e-health.
We are convinced that DH2’s management team will be able to
identify and support the hidden gems of the e-health industry to
make companies both currently in the portfolio and those of
tomorrow major players in e-health. This investment in DH2 will
enable Enovacom to strengthen the ecosystem, accelerate synergies
and build alliances to address e-health issues,” added Laurent
Frigara, Deputy CEO of Enovacom (Orange Business Services).
“Beyond the expected financial performance of the investment and
its contribution to the dynamism of the e-health market, the
prospects for cooperation with all DH2 stakeholders should support
the development of the Group’s offerings in this area, and in
particular those of the new health division of Orange Business
Services, led by Enovacom,” said Maï de la Rochefordière, Deputy
CEO of Orange Digital Investment.
About Orange Orange is one of the world’s leading
telecommunications operators with sales of 42 billion euros in 2019
and 143,000 employees worldwide at 30 September 2020, including
83,000 employees in France. The Group has a total customer base of
257 million customers worldwide at 30 September 2020, including 212
million mobile customers and 21million fixed broadband customers.
The Group is present in 26 countries. Orange is also a leading
provider of global IT and telecommunication services to
multinational companies, under the brand Orange Business Services.
In December 2019, the Group presented its new "Engage 2025"
strategic plan, which, guided by social and environmental
accountability, aims to reinvent its operator model. While
accelerating in growth areas and placing data and AI at the heart
of its innovation model, the Group will be an attractive and
responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA) and on the New
York Stock Exchange (symbol ORAN). For more information on the
internet and on your mobile: www.orange.com,
www.orange-business.com or to follow us on Twitter: @orangegrouppr.
Orange and any other Orange product or service names included in
this material are trademarks of Orange or Orange Brand Services
Limited.
About Enovacom Enovacom joined Orange Business Services
in 2018, and since October 1, 2020, consolidates all of its B2B
activities dedicated to the health sector. With 250 experts based
in Marseille, Paris, London and Montreal, Enovacom offers software
and services dedicated to e-health to support healthcare
establishments in their digital transformation. The expertise of
Orange Business Services in network, cyber, cloud, IoT, analytics
and consulting means that it can support healthcare providers
throughout the data journey. Enovacom is a key player in projects
involving innovation and cooperation with the entire ecosystem to
develop new services and use cases. Enovacom has more than 1’600
public sector customers.
About LBO France As a key player in private equity with
€6.2bn of commitments, LBO France is an independent company that
has been supporting French and Italian companies in their growth
for more than 30 years. Its investment strategy is built on 4
distinct segments managed by dedicated teams: (i) Mid Cap Buyout
through the White Knight funds and Small Cap Buyout through the
Hexagone/Small Caps Opportunities funds, (ii) Venture Capital
through the SISA/Digital Health funds, (iii) Real Estate through
the White Stone and Lapillus funds, (iv) Debt. Historically focused
on Institutional and Family Office investors, LBO France has
recently launched the FCPR White Caps Selection, a private equity
fund accessible to individuals through multi-strategy funds. LBO
France is 100% owned by its management and employs nearly 60
professionals. Find out more: www.lbofrance.com
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version on businesswire.com: https://www.businesswire.com/news/home/20201119005633/en/
Press: Lola Gozlan, LBO France — Shan agency:
lola.gozlan@shan.fr, +33 1 44 50 58 72 – 06 24 76 83 40 Léa
Schultz, LBO France — Shan agency: lea.schultz@shan.fr,+ 33 1 42 86
82 81 – 07 76 04 73 48
Olivier Emberger, Orange: olivier.emberger@orange.com, +33 1 44
44 93 93 Elizabeth Mayeri, Orange Business Services,
elizabeth.mayeri@orange.com, +1 212 251 2086
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