120 million for early stage: Syntec Numérique partners with Alven Capital
Privileged access for Syntec Numérique members to support their development
Through this partnership, Syntec Numérique offers its members privileged access to sources of equity financing, and gives Alven Capital access to investment opportunities for its new investment vehicle, the €120 million FCPR Alven Capital IV.
<!– wp:acf/quote {“name”:”acf/quote”,”data”:{“company”:””,”_company”:”field_67dc4f8f3445b”,”name”:””,”_name”:”field_67dc4fb23445c”,”post”:””,”_post”:”field_67dc4fb83445d”,”quote”:”
“The creation of this partnership, a new service for our members, gives them privileged access to investments that will support their growth, a critical phase in their development ,in the current economic downturn ,” comments Laurent Baudart, General Delegate of Syntec Numérique.
rn”,”_quote”:”field_67dc4fc33445e”},”mode”:”edit”} /–>
As part of this collaboration, the management company undertakes to offer privileged access to Syntec Numérique member companies, and to diligently review and analyze investment applications.
ALVEN IV: 120 million Euros for leearlystage
For Guillaume Aubin and Charles Letourneur, Managing Partners of Alven Capital,
<!– wp:acf/quote {“name”:”acf/quote”,”data”:{“company”:””,”_company”:”field_67dc4f8f3445b”,”name”:””,”_name”:”field_67dc4fb23445c”,”post”:””,”_post”:”field_67dc4fb83445d”,”quote”:”
“Syntec Numérique represents a formidable pool of growth companies positioned in the digital economy, with whom this partnership will enable us to establish privileged long-term relationships”.
rn”,”_quote”:”field_67dc4fc33445e”},”mode”:”edit”} /–>
Of the 120 million euros raised to form Alven Capital IV, three quarters came from institutional investors, and over 50% from French funds.
The positioning of this fund is leearlystage, towards companies that are not yet profitable, with sales in the million euro range.
“Our aim is to help them achieve profitability within 12 to 24 months of acquiring a stake in their capital. In fact, the average initial investment will be 2 million euros, with subsequent reinvestments of up to 5 million euros.
rnrn
Once this level of profitability has been reached, we support companies’ development by increasing our capital presence through development capital operations.
rn
The fund’s investments will be split 2/3 on the Internet, and 1/3 on technologies.Paris, March 20, 2013.
Alven Capital
Alven Capital is an independent private equity fund with €250 million under management, mainly on behalf of institutional investors. Alven Capital takes minority stakes ranging from 200 k€ to 10 M€ in growth companies, mainly in France, in the Internet and information technology sectors.
Alven Capital has already invested in more than 70 companies in Europe, including Companeo, MeilleursAgents.com, SeLoger.com, Lengow, Newsweb/Boursier.com, MonShowroom, Liligo, Splendia, MakeMeReach, Wanimo, MobPartner, eBoutic.ch, Planetveo, Quelle Energie, Qosmos, Webhelp, Prowebce, JolieBox, Mailjet, Mention and others.
